Studio closure announcement in November

A game development studio founded by former Ubisoft developers, including those from Watch Dogs: Legion, is set to shut down on November 17. The closure comes after the studio faced challenges in securing new funding and finding a new publisher.

Former WoW Designer’s Studio to Close This Month

The studio, led by former World of Warcraft and League of Legends designer Greg Street, will be closing this month unless it is rescued by potential investors. The closure is expected to take place after the funding from NetEase, the parent company, stops.

NetEase’s Impact on Studio Closures

This closure marks the fifth Western studio closure by NetEase, as the company continues to reevaluate its investments in the gaming industry. The decision to shut down the studio founded in 2023 by former Ubisoft Toronto lead producer reflects the challenges faced by smaller studios in the competitive gaming market.

Efforts to Secure Funding Unsuccessful

Despite efforts to secure new funding and partnerships, the studio was unable to sustain its operations and will officially close later this month. The closure date was set after the partnership with NetEase ended and new funding opportunities were not secured.