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IO Interactive Regains Ownership Of Project Fantasy Following Xbox Split
Game Informer • • technology
Key Points:
- IO Interactive has regained full ownership of its online RPG Project Fantasy after splitting from its external funding partner, confirmed to be Xbox, and will now fully fund the project independently.
- The studio announced staff reductions and the closure of its Istanbul subsidiary as part of restructuring to focus on its core internal titles and ensure the long-term success of Project Fantasy.
- IO Interactive emphasized its commitment to Project Fantasy, describing it as a passion project and a key intellectual property that will continue under its own direction.
- Xbox ended its support for Project Fantasy as part of a strategic shift in investment focus, coinciding with a major corporate restructure involving 3,200 layoffs and the sale or spin-off of five development studios.
- The changes reflect broader adjustments within Xbox, aiming to streamline its portfolio and focus on different project types amid significant workforce reductions.
