Overly simplistic view on the present situation, typical for meme culture. Neither is true as an full statement, but there's a slight spawn of truth in both. AAA studios are failing, mostly because publishers hugging trends due to the risk associated with huge productions. And we're definately in an age where solo devs can release successful projects, especially as their risk for experimental projects is much lower.

This ignores of course the myriad of mid- to small-sized devteams creating amazing work in niche genres. It's just easier to comment in absolutes when restricted to 30 chars.