NetEase Withdraws Funding, Jeopardizing Nagoshi Studio’s Gang of Dragon Development
Funding for Nagoshi Studio, a venture led by Yakuza creator Toshihiro Nagoshi, has been withdrawn by NetEase. This decision, announced to employees on March 6, places the future of the studio and its development projects in jeopardy.
Closure Announcement
A spokesperson from NetEase stated that funding for Nagoshi Studio will halt in May 2023. Employees were informed of this decision just days ago, causing concern about the studio’s impending closure.
Nagoshi’s Departure and Studio Formation
Toshihiro Nagoshi departed from Sega, the publisher of Yakuza, in October 2021. Following his exit, he established Nagoshi Studio in Tokyo. Several key members from Ryu Ga Gotoku Studio also left Sega to join Nagoshi’s new venture, including Yakuza director Daisuke Sato.
Current Status of Development
Nagoshi Studio is currently in a precarious situation. According to recent reports from Bloomberg, the studio has struggled to secure new funding. As it stands, discussions are underway with NetEase regarding the acquisition of rights and branding for the company.
- Key Game: Gang of Dragon
- Funding Requirement: £33.1 million ($44.4 million) needed to complete development.
Impact on the Gaming Industry
This development follows a trend of closures among Western studios under NetEase, including Bad Brain Game Studios. The landscape for game development continues to evolve, and the future for Nagoshi Studio remains uncertain.
As events unfold, the industry watches closely how this situation will develop and impact Nagoshi’s creative vision.
