How Valve made Half-Life 2 and set a new standard for future games
Briefly

Valve's risk-taking with Half-Life 2's budget and ambitious scope set a new benchmark for future Western PC games, reshaping both industry expectations and game development practices.
Half-Life 2's flat team structure fostered creativity and collaboration among developers, allowing innovative ideas to flourish and influencing subsequent studio practices across the gaming industry.
The game's technological advancements, including physics and graphics, not only enhanced player experience but also encouraged developers to push boundaries in terms of game design and storytelling.
Half-Life 2's success demonstrated that commitment to scale, polish, and innovation in game design could result in a significant shift in player expectations and industry standards.
Read at Ars Technica
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