Majesco Quits the Major Leagues
Next Generation reports that Majesco, publisher of titles such as Psychonauts and Advent Rising, has quit making AAA titles in favour of value games. From the article: "Company president Jesse Sutton said, 'This has been a difficult year. We entered the premium console market with high expectation for success, but as a result of a variety of factors we were not able to meet our expectations. Recently, we evaluated our product portfolio and have sold or cancelled most of our premium console titles that were scheduled for release in 2006 and beyond.'" Another case of a company making a good game (that no one bought) and then going under. Shame to see them go.
Majesco didn't make Psychonauts, Double Fine did.
Majesco produced it as in "published/distributed" it.
So I wouldn't worry too much about the loss of creative content to the industry, worry more about smaller studios having one less outlet to get their games out to a wider audience.
Plus they only published that game as well, in fact the most recent game they developed was Texas Hold 'Em for the Nintendo DS. Here's they're development history as well as the link to their entire portfolio.
Per IGN.com:
Games Developed
Cartoon Network Speedway/Cartoon Network Block Party Double Game Pack
F/A 18 Super Hornet
GBA Video: Cartoon Network Collection Volume 1
GBA Video: Codename: Kids Next Door Volume 1
GBA Video: Disney Channel Collection Volume 1
GBA Video: Disney Channel Collection Volume 2
GBA Video: Dora the Explorer Volume 1
GBA Video: Nicktoons Collection Volume 1
GBA Video: SpongeBob SquarePants Volume 2
GBA Video: SpongeBob SquarePants Volume 3
GBA Video: Strawberry Shortcake Volume 1
GBA Video: Yu-Gi-Oh! Volume 1
Golden Nugget Casino
Monster Trucks/Quad Desert Fury Double Game Pack
Operation Armored Liberty
Texas Hold 'Em Poker/Golden Nugget Casino Double Game Pack
Battleship
Frogger 2
Galaga
Galaxian
Missile Command
Monopoly
NASCAR Heat
Q*Bert
Super Breakout
Tom and Jerry
Golden Nugget Casino DS
Texas Hold 'Em Poker
Drake
Ultra Bust-A-Move
Full Company Profile and Games Published/Developed
Zonk, have you heard of Majesco? They are a *huge* publisher. They have published hundreds of value titles. They put their toe in the water with AAA and realized it's a mug's game. They're not going anywhere. They've just decided to focus on their core competences.