bankruptcies / collapses / liquidations Latest news

Marcin Przala, 05 August 2024, 01:44

The legendary U.S. video game magazine, Game Informer, is set to close after 33 years.

Jacob Blazewicz, 19 June 2024, 06:11

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.

Adrian Werner, 24 May 2024, 05:37

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.

Jacob Blazewicz, 17 May 2024, 05:10

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.

Adrian Werner, 08 May 2024, 06:23

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.

Martin Bukowski, 08 May 2024, 03:05

Microsoft carried out layoffs at Bethesda-owned studios, while closing several of them, including the developers of Hi-Fi Rush and Redfall.

Adrian Werner, 24 December 2023, 15:26

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.

Kamil Kleszyk, 14 December 2023, 00:49

Fntastic and publisher Myton have announced that they are working with Steam to allow for refunds to players who purchased The Day Before.

Adrian Werner, 13 December 2023, 03:25

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.

Jacob Blazewicz, 11 December 2023, 14:53

Fntastic has declared bankruptcy, claiming it doesn't have the funds to continue operations because The Day Before is a flop.

Jacob Blazewicz, 09 November 2023, 03:00

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.

Hubert Sledziewski, 03 September 2023, 19:57

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.

Jacob Blazewicz, 30 May 2023, 10:41

It looks like the crowdfunding website Fig.co is shutting down without much success after being acquired by Republic.

Kamil Kleszyk, 26 May 2023, 17:20

Dark clouds hang over IGI Origins. It turns out that the British studio responsible for the game, Antimatter Games, will be closed.

Zuzanna Domeradzka, 08 March 2023, 13:44

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.

Adrian Werner, 26 June 2022, 15:58

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.

Hubert Sledziewski, 13 December 2021, 15:50

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.

Przemyslaw Dygas, 19 July 2021, 16:09

The chip market may face another shock. All because of the bankruptcy of Tsinghua Unigroup, an important Chinese producer of the aforementioned components.

Przemyslaw Dygas, 06 July 2021, 11:30

Sony has ended the life of Japan Studio, and is now removing remaining traces of it. The team has disappeared from the list of developers working for the Japanese giant.

Jacob Blazewicz, 02 April 2021, 12:55

Sony has officially ended the life of Japan Studio. Thus came to an end the history of the team which contributed to the creation of Bloodborne, The Last Guardian and many other memorable titles. Gavin Moore, director of the remake of Demon's Souls, has also left Sony.

Bart Swiatek, 26 February 2021, 11:18

Sony Interactive Entertainment decided to close one of its Japanese development studios, Sony Japan Studio. Most of the employees were laid off.

, 17 February 2021, 17:59

According to a recent report from Kotaku, the closure of studios developing games for Google Stadia could have been influenced by Microsoft's buying streak and recent acquisitions of ZeniMax Media and Bethesda Softworks.

Adrian Piotrowski, 02 February 2021, 12:47

Google has closed its two studios in Montreal and Los Angeles. Stadia will continue to offer streaming of games from other publishers, but will no longer receive any original productions, other than those already in development.

Michael Kulakowski, 14 October 2020, 23:03

Employees of Blizzard's French branch, responsible for marketing, event organization and localization of the studio's games across Europe, are preparing for a strike. The protest is the result of Activision's announcement of planned complete shutdown of the French branch.

Michael Kulakowski, 06 October 2020, 23:46

The French branch of Blizzard, which is mainly responsible for marketing and localization of the studio's games in Europe, was closed down by Activision. This is a result of the increasing control that the company has over its in-house developer, which enjoyed great autonomy only a few years ago.

Jacob Blazewicz, 03 June 2020, 20:13

Jason Schreier from Bloomberg revealed the story behind Kerbal Space Program 2 switching developers. Original devs from Star Theory Games were to learn about it at the last minute, and Take-Two encouraged studio employees to leave the company. This ultimately led to the dissolution of the team working on the second KSP until last December.

Bart Swiatek, 24 July 2019, 11:06

Australian studio Defiant Developments has announced that it will no longer create new video games. Due to the poor financial situation, the company is now to deal only with support for existing titles. Many developers will have to find a new job.

Adrian Werner, 24 May 2019, 14:45

If you are planning to purchase a Telltale Games game, it is worth to hurry up. All the team's productions will disappear from Steam and GOG.com distribution by May 27th. This is the result of last year's bankruptcy of the company.

Adrian Werner, 17 February 2019, 16:47

Razer Game Store, the digital distribution service founded by the dedicated gaming peripherals manufacturer, will close by the end of this month.

luckie, 09 December 2016, 11:51

Digital store Games Republic is soon going to be closed. Despite some interesting ideas, the platform failed to turn profit for its owner - Polish 11 bit studios.

Tyon, 09 June 2015, 14:04

Nicolas Games, a studio associated mainly with Afterfall franchise, filed for bankruptcy. The decision was made because of the financial problems that the studio had after their conflict with the American giant – Epic Games.

Christopher Mysiak, 14 April 2015, 09:44

We learned some interesting facts about this classic RPG from n-Space and Digital Extremes