Game Studios, a Toronto-based developer founded by former Ubisoft and Watch Dogs developers, has announced the closure of its third studio in recent weeks.

The studio, known for its work on games like Watch Dogs: Legion, was formed in 2023 but has struggled to find a new publisher, leading to its eventual shutdown.

The closure comes as a blow to the gaming community, especially fans of the studio’s projects like The Midnight Riders, an action-adventure game set in the 1980s.

Game Studios’ inability to secure necessary funding has been cited as the primary reason for the closure, with the company ceasing operations on November 17th, 2025.

This latest closure adds to a series of studio shutdowns in the gaming industry, highlighting the challenges faced by developers in the competitive market.

Despite the setback, former employees of Game Studios are hopeful for new opportunities in the industry, showcasing their talent and expertise gained from working on popular titles like Watch Dogs.