Just saw this pop up on NeoGAF. I'm not normally not one to go by the word of a single forum post but sadly, GAF is pretty accurate when it comes to this stuff. Holy shit if it's true. They made some pretty good games and to just close the entire company...cold blooded even for Activision. 

 
 http://www.neogaf.com/forum/showthread.php?t=413199
 
Edit: Confirmed as true.

Wow, if that's true then Activision is no longer a gaming company. It's...something else and it's evil.

Wow. That'd be really fucked up.

How about a link to the actual topic on NeoGAF hmm? 

Thought Biz. did well for themselves.  If true.  But activision is a group of intelligent adults.  So I know you kids will have a hard time with their decisions.  I'm sure everything was done and done right.
 
10 more points for Grown Ups!  Now take out the trash!

Blood Stone must not have done super great...
To quote someone on GAF "Bobby Kotick ups his body-count."

Huh? I thought Bizarre were really successful? This is, well... bizarre.

Ryan Davis said this is real.   http://twitter.com/taswell/status/4593477140619264

Ryan just tweeted this as well.  That sucks, hope someone picks them up soon.

Well, their last succesful game was PGR3 back in 2006 (?). The Club, Blur and James Bond havn't been that well received or sold all that great. Why would Activison-Blizzard want to keep them in business?

New sucks, Activision can go fuck themselves, etc. Not feeling inspired enough to rage about corporate mismanagement of studios they acquire, please someone rage in my stead.

Bloodstone was doomed to fail, considering how surprisingly good Goldeneye is, Blur being released at the same time as Split/Second didn't help. 
 
I think Bizarre just got dealt a bad hand, I 'd be shocked if EA doesn't pick some of these guys up or another dev does so. 
 
Also... they made Geometry Wars.

" Well, their last succesful game was PGR3 back in 2006 (?). The Club, Blur and James Bond havn't been that well received or sold all that great. Why would they wan't to keep them in business? "

That's such a shame. PGR4 was a pretty damn nice game, and Geometry Wars 1 and 2 both oozed style. Then again, Blur demonstrated that Bizarre hadn't quite grasped how to make a deeply engaging singleplayer racing title, despite the entertaining multiplayer.
 
So much for a Blur 2 to try and fix the problems of the first, I guess.

PGR4 was great and Blur was pretty good too.
Would be a shame if this is true, especially as they left Microsoft to avoid this sort of thing.

" @AlmostSwedish said:

" Well, their last succesful game was PGR3 back in 2006 (?). The Club, Blur and James Bond havn't been that well received or sold all that great. Why would they wan't to keep them in business? "

Actually PGR4 outsold PGR3 . . . Anyways, this is most likely due to the relatively poor sales of Blur and also the lackluster Blood Stone. Still they've made some pretty good games. "

Sucks but I honestly cannot blame them if this is true.

Maybe they weren't really doing that well.  PGR was doing well a few years back, but the economy has since gone in the tank.  And I'm not sure how well Blur actually did.  And I doubt Geometry Wars was much of a cash cow for them.  Unfortunately, people have to consider that just because they liked the games this subsidiary put out, doesn't mean the majority of game consumers did.

Fuck. I should've bought blur.

Oh wow, that's terrible. 
I feel like people are closing everywhere

Locking this down now since there is a news article on it. Hit the link below to continue discussing this story over there! 
 
http://www.giantbomb.com/news/bizarre-creations-is-closed/2731/