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Nagoshi Studio Is Officially No More
IGN • • technology
Key Points:
- Nagoshi Studio, founded by Yakuza series creator Toshiro Nagoshi in 2022, has officially shut down as of October 31, according to a shareholders' resolution and a Japanese government announcement.
- The studio's debut game, Gang of Dragon, a Yakuza-like title, was never released and its future became uncertain after Chinese investor NetEase decided to cut funding earlier this year.
- NetEase withdrew support after learning the game required an additional ¥7 billion (approximately $44.4 million) to complete, prompting Nagoshi to seek new investors unsuccessfully.
- The closure comes nearly a year after Gang of Dragon's high-profile reveal at The Game Awards in December, casting doubt on whether the game will ever be released.
