(Image credit: ZeniMax / Bethesda) In a recent interview with MinnMax , ZeniMax Online Studios founder Matt Firor discussed the death of its new MMO, Project Blackbird , as well as his thoughts on the games industry's current economic crisis. The takeaway? While things are bad, he thinks we're still in a boom and bust cycle that will come back around, and he's heard some of this routine before. MinnMax host Ben Hanson asked if Firor had come into any recent epiphanies about working in games, leading the developer to express his disagreement with analyst Matthew Ball's bombshell report on the state of the industry . Inside The Cancellation Of Elder Scrolls Online’s Successor - MinnMax Interview - YouTube Watch On Essentially, Ball argues that gaming has hit a saturation point, with fewer new people entering the hobby, and companies competing over the remaining audience share with not just each other, but also social media.…