Studio Shuts Down After Two Years of Operation

A game development studio founded in 2023 by a former Ubisoft Toronto lead producer is set to close its doors on November 17. The closure comes after two years of operation, during which the studio worked on its debut project.

Subsidiary Unable to Secure New Partner

A Canada-based developer, which is a subsidiary of a larger company, has announced its closure due to the inability to secure a new partner for an ongoing project. Despite efforts to find a path forward, the studio was unable to continue operations.

Efforts to Find New Partner Unsuccessful

Despite ongoing efforts to find a new partner for their projects, several studios have been forced to shut down. The closure of these studios coincides with the parent company pulling funding, leaving the developers with no choice but to cease operations.

Game and IP Available for Acquisition

Following the closure of these studios, discussions have been opened for potential partners or publishers interested in acquiring the games and intellectual property developed by the studios. This presents an opportunity for other companies to expand their portfolios and potentially revive the projects.

Former Industry Veterans Facing Closure

Several studios founded by former industry veterans, including ex-Ubisoft and NetEase developers, have announced closures due to the inability to find new partners for their projects. Despite their experience and expertise, the challenging nature of the industry has led to these unfortunate closures.