Interesting article...
...but I think Darren is a little off the mark.
Sure, Ubisoft are huge from a publishing perspective, but they and Eidos aren't the only options. In terms of developers Traveller's Tales (pre-WB buyout) were the UK's biggest publisher last year and were placed 10th in the world. Ubisoft France were 11th, followed by Rebellion in 16th place.
Add in the likes of Rockstar London/Leeds/etc., Codemasters and London Studio and things don't look so bad, actually. Of course, SCEE should be counted in the 'huge publisher' list as well.
European developers did well in the Develop 100 last year, and it looks like they will do well again when the numbers are counted for the 2008 edition -
http://www.ps3attitude.com/... - and the state of EU games publishing is not as bad as Darren is suggesting.
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