bankruptcies / collapses / liquidations Latest news
Studio Led by Mass Effect Trilogy Director Fails to Stand The Test of Time. Humanoid Origin Worked on Story-Driven Sci-Fi Game
The studio founded by the former CEO of BioWare has been closed. The reason was a lack of funding.
video games
Martin Bukowski
November 26, 2024
Tequila Works Studio Filed for Insolvency. „Prolonged Market Conditions Left No Other Option”
Tequila Works (Rime, Song of Nunu: A League of Legends Story) is another studio affected by the crisis in the game industry.
video games
Jacob Blazewicz
November 13, 2024
Game Informer Is Going Out of Business. America's Oldest Video Game Magazine Closing After 33 Years
The legendary U.S. video game magazine, Game Informer, is set to close after 33 years.
video games
Marcin Przała
August 5, 2024
Obliterating Life By You From Devs Perspective; „You Can Deliver More Than Expected and Still Have the Rug Pulled Two Weeks Before Launch”
The shutdown of the Life By You developers' studio didn't surprise a former employee, but he still wasn't thrilled with Paradox's sudden decision.
video games
Jacob Blazewicz
June 19, 2024
Embracer Group Dismissed More Than 4,500 Employees and Canceled 80 Games Within One Year
Embracer Group finally completed the reductions. They were exceptionally far-reaching. More than forty development studios were gotten rid of and more than five thousand people were laid off.
video games
Adrian Werner
May 24, 2024
Take-Two Comments on Kerbal Space Program 2 Devs' Fate. Publisher Canceled Unannounced Games
Strauss Zelnick from Take-Two Interactive assures that the developers of Kerbal Space Program 2 and OlliOlli haven't been shut down. Gamers don't believe it.
video games
Jacob Blazewicz
May 17, 2024
Final Words From Redfall and Hi-Fi Rush Devs. After 2559 Days, Players Lost Hope for Prey 2 Announcement
Arkane Austin and Tango Gameworks said goodbye to the studios after they were shut down by Microsoft. In turn, fans began to accept that Prey 2 will never be developed.
video games
Adrian Werner
May 8, 2024
Microsoft Shut Down Bethesda's Hi-Fi Rush and Redfall Studios
Microsoft carried out layoffs at Bethesda-owned studios, while closing several of them, including the developers of Hi-Fi Rush and Redfall.
video games
Martin Bukowski
May 8, 2024
End of Versus Evil, Publishee of Pillars of Eternity 2 and Broken Roads
Versus Evil, the publisher of Pillars of Eternity 2 and the upcoming Broken Roads, among others, has announced that it will be shut down. Behind the decision is most likely its owner, tinyBuild.
video games
Adrian Werner
December 24, 2023
![The Day Before Devs Guarantee Full Refunds on Steam; New Facts on Studio [Update]](https://cdn.gracza.pl/i_gp/h/16/440067636.jpg)
The Day Before Devs Guarantee Full Refunds on Steam; New Facts on Studio [Update]
Fntastic and publisher Myton have announced that they are working with Steam to allow for refunds to players who purchased The Day Before.
video games
Kamil Kleszyk
December 14, 2023
![Sad News From Embracer Group; TimeSplitters and Chorus Devs Among Restructuring Victims [Update #2]](https://cdn.gracza.pl/i_gp/h/16/438956358.jpg)
Sad News From Embracer Group; TimeSplitters and Chorus Devs Among Restructuring Victims [Update #2]
Embracer Group will soon close Free Radical Design, the studio known for the TimeSplittters series. In addition, some of Fishlabs employees have been laid off.
video games
Adrian Werner
December 13, 2023
The Day Before Devs Close Up Shop Because the Game Flopped Hard
Fntastic has declared bankruptcy, claiming it doesn't have the funds to continue operations because The Day Before is a flop.
video games
Jacob Blazewicz
December 11, 2023
Embracer Reportedly Gears Up to Close Another Veteran Studio
Free Radical Design has only just returned from the dead, but it looks like it will be closed again even before the first new project is released.
video games
Jacob Blazewicz
November 9, 2023
'Sacrifices Have Been for You'; Saints Row Devs Publishes Touching Farewell Letter
Wanting to say goodbye to players, Volition published a touching letter, in which the developers stressed that all their sacrifices were made with fans in mind.
video games
Hubert Sledziewski
September 3, 2023
End of the Platform That Gave us Pillars of Eternity 2 and Homeworld 3
It looks like the crowdfunding website Fig.co is shutting down without much success after being acquired by Republic.
video games
Jacob Blazewicz
May 30, 2023
IGI Origins Devs to be Fired Later This Summer; Game's Fate Uncertain
Dark clouds hang over IGI Origins. It turns out that the British studio responsible for the game, Antimatter Games, will be closed.
video games
Kamil Kleszyk
May 26, 2023
Aragami Devs Declare Bankruptcy Because They 'Ran Out of Time'
Independent studio Lince Works, known for creating the stealt game series Aragami, has just announced that it is winding down the business. The reason is said to be the current economic situation.
video games
Zuzanna Domeradzka
March 8, 2023
Zachtronics Abandons Gamedev After 20 Years of Success
The award-winning studio Zachtronics is going out of business. Last Call BBS will be the team's last game. Interestingly, the creators made this decision of their own free will - not for financial reasons.
video games
Adrian Werner
June 26, 2022
Microsoft Admits Shutting Down Fable Devs was a Mistake
Microsoft - including Phil Spencer, the head of Xbox - realizes that closing down Lionhead, the studio responsible for the Fable series, was a mistake caused by the desire to promote Kinect. The company declares that it has learned its lesson, which is said to be have been proved by the successful cooperation with developers from Xbox Game Studios.
video games
Hubert Sledziewski
December 13, 2021
Chinese Giant Goes Bankrupt - is Chip Market in For a Shock?
The chip market may face another shock. All because of the bankruptcy of Tsinghua Unigroup, an important Chinese producer of the aforementioned components.
hardware & software
Przemyslaw Dygas
July 19, 2021