The story
In 1993, SCEE (then known as Sony Electronic Publishing) bought out Psygnosis, and Studio 33 was formed by John White, ex Director of Development from 1996 to October 16, 2003.
The studio was initially funded by Psygnosis, and its first title was Newman-Haas Racing, using the engine Bizarre Creations built for Formula 1. The company followed it up with Formula One 99, which was a bestseller that allowed Studio 33 to continue developing titles.
The company continued developing Formula One games for the original PlayStation, ending in Formula One Arcade. The company also developed Destruction Derby Raw, taking over from Reflections, whose studio has just been acquired by GT Interactive Software. The last game Studio 33 worked on before being sold to EA was Destruction Derby Arenas, the company's only PlayStation 2 game.
EA bought out Studio 33. EA relocated the studio to Warrington and renamed it EA North West. The studio was inactive since 2004 and got quietly shut down in 2006.
From Wikipedia’s article on Studio 33, shared under CC BY-SA 4.0.3