The Phil Spencer, Sarah Bond, and Xbox Crisis Explained

It has been a shocking week in the video game industry. Earlier this week, Sony announced it will be shutting down Bluepoint Games, a respected developer best known for their quality remakes and remasters, like the PlayStation 5 remake of Demon's Souls, in March. The reason for the shutdown was "Rising development costs, slowed industry growth, changing player behavior, and broader economic headwinds are making it harder to build games sustainably," as released in a statement to Kotaku and other media outlets.