NetEase Pulls Funding, Resulting in Multiple Game Studio Closures

In a series of unfortunate events, several game development studios have announced closures due to funding pull from NetEase, a major player in the video game industry. These closures have left developers scrambling to find new publishers and secure employment.

Studio Closure Announcement

One of the studios affected by NetEase’s decision is a Canadian developer that recently announced its closure. Despite their best efforts, the studio was unable to secure a new publisher for their latest title, leading to the decision to cease operations.

Former Ubisoft Developers Shutting Down

Another blow to the industry came with the closure of a Toronto-based studio formed by former Ubisoft and Watch Dogs: Legion developers. The studio had been unable to find a new publisher, resulting in their imminent shutdown.

Impact on Former WoW Designer-Led Studio

Even studios led by industry veterans, such as one headed by a former World of Warcraft designer, were not spared from the funding pull. The studio officially closed its doors after funding ended, with efforts focused on helping developers find new employment opportunities.

NetEase’s Role in the Closures

NetEase’s decision to pull funding also affected a fifth Western studio founded by a veteran of Ultima Online and Star Wars Galaxies. The studio was shut down before it could release a single game, highlighting the devastating impact of funding withdrawal.

Efforts to Find New Publishers

Despite the closures, efforts are being made to find new publishers for the affected studios. In some cases, studio heads are actively hunting for new partnerships to avoid complete shutdown.

Conclusion

The recent wave of studio closures due to funding pull from NetEase has sent shockwaves through the video game industry. As developers face uncertain futures, the community is hopeful that new opportunities will arise for those affected by the closures.