Avi Lewis, a politician of Canada has spoken out against Electronic Arts' decision to shut down BioWare. Lewis's statements about the situation show the larger issue of how private equity affects creative industries. The community and industry is watching as this issue shifts from business to politics.
Legislator urges government-supported buyout to save studio
Lewis spoke out against Electronic Arts, which is the parent company of BioWare. Lewis stated that the studio's shutdown is an example of the bad things private equity does to long-term projects. Lewis advised the workers at BioWare to try and buy out the studio with government help to keep it open.
The major part of Lewis's speech was his condemnation of private equity. He said that private equity companies buy companies and drive them into the ground and break them up for quick profits. Lewis used the "Mass Effect effect" to show how private equity can have a bad effect on the gaming industry. He said that private equity companies buy companies, let them slip, and break them up for quick profits.
This is an interesting situation where a political figure comments on the closure of a major gaming studio. People are now talking about Electronic Arts' business decisions because of what Lewis said. It's all about efficiency in business versus sticking to popular game franchises.
Source: Democrats Against Business, IXBT
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