Platinum Games selling the rights to a game they made that sold 1 million copies on a single console in exchange for...

>Platinum Games selling the rights to a game they made that sold 1 million copies on a single console in exchange for the rights to remaster a game on multiple consoles that sold at most 100k copies

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Trading Astral Chain for The Wonderful 101 in general is crazy.

Once Bayonetta 3 comes out, I'm assuming Nintendo will just contract Platinum to make Astral Chain games from then on out. Probably cheaper since it's their IP.

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Believing that memes and internet popularity = real popularity is a common mistake.

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And now they’re looking for a buyer with zero fucking bargaining power. Can’t saying W101 is exactly an enticing IP for publishers looking to buy them out.

Seriously, how many times did this actually work? Twice, total? Snakes on a Plane and Sharknado? Pretty sure those are the only two things that memed themselves into success.

nah snakes on a plane bombed too and if sharknado was a success it was purely because it was a direct to DVD movie from the start

Is the TW101 DLC even out?

Okay, once then. Once in the entire history of human media.
Doesn't seem like a winning strategy. If anything, it sounds like that Eagles coach who kept making godawful decisions after bullshitting his way into a superbowl win until everyone got fed up and fired him.

And even if they owned intellectual properties, I don't see any reason for a publisher to buy a developer notorious for schedule slips and losing projects.

Depends how valuable the properties are.
Most acquisitions like that are just to buy the catalog while you gut the original studio and then sell it off.

Regardless of their own IP being nonexistent (World of Demons actually looks kind of cool, it has this Okami artstyle to it), they still make competent games when a publisher is keeping an eye on them. I don't think they'll go bankrupt or anything like that.

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Shitinum Games
headed by one of the industry's biggest hacks, Kamemeya

This but unironically. Only good game he directed was Resident Evil 2.

They haven't really made anything worth a shit since 2013 or 2014.

>hasn't made a good game since 2013
What the fuck happened to them?

Metal Gear Rising was their last good game and even that was a rush job which clearly shows in the end.

I still maintain that they should've stuck with Nintendo exclusivity for the W101 port just so they could at least count on Nintendo's marketing machine.

They didn't even get the rights to Wonderful 101, they just got the rights to publish it elsewhere. Nintendo still owns the damn IP. Fucking unreal how bad of a deal it was for them.

Platinum should have leveraged Astral Chain to actually get themselves fully bought out by Nintendo. Instead they wanted their freedom, which will inevitably go kaput alongside their quality once a Chinese corporation buys them out instead. Nintendo and other companies will now just poach all their talent until that happens.

People change. We have no idea about the staff changes and the political climate inside the company. All we know Kamiya is the head figure but he obviously doesn't make the games alone... 10 years is a long time and during that time the staff and even the key people will change many times over.

>Japanese companies they relied on for support due to the good relationships staff had with them like Sega and Konami decided to move in different directions and didn’t need them anymore
>Cut a deal with Activision where they publish games that more or less make zero money for them
>As this is going on Kamiya is fucking up development on Scalebound which has been a huge timesink for them
>Company is getting ready to fold but the surprise success of Nier Automata and Astral Chain doing decently gives them a new lease on life.
>Realize that they can’t continue as a work-for-hire company and decide to strike out on their own.
>Cut a deal where Nintendo gets full rights to Astral Chain in exchange for Platinum getting to remaster the Wonderful 101 on multiple consoles
>Surprise surprise a remaster of a game that no one bought in 2013 sells like shit in 2020.
Basically their fall stems from a lack of bad luck and bad business acumen. Smart move would have been as someone else said to make more games like Astral Chain where they have joint ownership and leverage that into a full buyout from Nintendo. Now Nintendo can just contract Astral Chain 2 out to Omega Force. Wouldn’t be surprised if they did the same for a Bayonetta 4.