IO Interactive regains full ownership of Project Fantasy following end of Xbox deal, shuts down Istanbul studio and lays off developers "to find a new balance"
IO Interactive regains full ownership of Project Fantasy after ending its deal with Xbox, leading to studio closures and layoffs.
Questions people are asking
What happened to the deal between IO Interactive and Xbox?
The deal has ended, resulting in IO Interactive regaining full ownership of Project Fantasy.
Which studio is being closed?
IO Interactive is shutting down its Istanbul office.
Why is the company laying off developers?
According to coverage from Eurogamer.net, the company is implementing layoffs to "find a new balance."
What happened
IO Interactive has regained full ownership of Project Fantasy following the end of a deal with Xbox. In conjunction with this change, the company is closing its Istanbul studio and initiating developer layoffs.
Coverage from Eurogamer.net, IGN, Wccftech, and Game Developer emphasizes that these measures are being taken to find a "new balance" and ensure the company's survival. The developer, known for the Hitman and Bond titles, is now funding Project Fantasy independently.
Future developments center on how IO Interactive will manage the funding of Project Fantasy alone following the Xbox exit.
Synthesized by Newsylist from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 45d ago.
Who reported it (7)
- IO Interactive Reclaims Ownership of Online RPG Project Fantasy 80 Level · 45d ago
- IO Interactive to shutter Istanbul studio following end of Project Fantasy deal with Xbox GamesIndustry.biz · 45d ago
- IO Interactive Shuts Down Istanbul Studio Months After 007 First Light Smash Hit TechPowerUp · 45d ago
- IO Interactive Doubles Down on Project Fantasy Funding Alone After Xbox Bails, Shuttering Its Istanbul Office to Survive Wccftech · 45d ago
- Following Xbox Cuts, Bond and Hitman Developer IO Interactive Confirms It is Closing a Studio and Beginning Layoffs IGN · 45d ago
- IO Interactive closing Istanbul studio after regaining control of Project Fantasy Game Developer · 45d ago
- IO Interactive regains full ownership of Project Fantasy following end of Xbox deal, shuts down Istanbul studio and lays off developers "to find a new balance" Eurogamer.net · 45d ago broke it first
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