"I'm not saying I know everything about the industry, but it seems to me maintaining independence, and having the discipline to stay the course and not allow yourself to be bought out, is the way to go. Say whatever you want about their games, but Bethesda has done pretty well for themselves, IMO. Blizzard is another one. I could be wrong, maybe one or both of these companies has sold out and I'm just uninformed, but I've always been under the impression they are independent game developers."
You forget size. Subway is not incorporated, but are they independent? No. Having one owner compared to multiple owners changes very little. The size of the company has a much larger impact on freedom than being a corporation, llc, llp, po, etc. Whats the difference of having a blizzard or bethesda as coprs rather than private? Do you think a ceo/cotb is much less of an owner than in a provate company? Do you think the owners of bethesda/zm and blizzard don't deligate responsiblity to executives?
Size is a much bigger factor in how a business is run than if that company pays out dividends or not. I really think people (not the guy I quoted) in general have been beaten over the head with how evil corporations are in movies and popular culture that they just assume horrible things happen if a company is one, or can't see that a huge company with a lot of employees (like blizzard) would be run exactly the same if it incorporated tomorrow, exept they'd have an increase in capital by sale od stock, have to pay out dividends, tie employees in with stock deals, and have to file and share information it doesn't now. Their management philosophy would stay the same, the managers would stay the same, their mission statement and goal, their current policies, everything would stay the same, etc. Marge would still answer the phone and get Brenda in HR coffee. The employees might be a little more excited because of the usual or traditional (in most cases) employee stock options, and then back to business as usual.
Thats it. No difference. Nothing.