The gaming world is buzzing with concern as Nagoshi Studio, founded by Yakuza series creator Toshihiro Nagoshi, is reportedly on the brink of closure. Just three months after announcing their debut title, Gang of Dragon, publisher NetEase has indicated plans to withdraw funding, leaving the studio scrambling for additional financial support to complete the project. According to Bloomberg, the decision stems from a significant funding gap of 7 billion ($44.4 million) needed to bring Gang of Dragon to fruition.

In a surprising turn of events, the promising retro-futuristic adventure game, The Midnight Riders, has been canceled by NetEase, leaving fans and developers alike in shock. This decision comes as part of a broader cost-cutting strategy by the publisher, which has seen significant layoffs and studio closures this year. Despite the cancellation, Bad Brain Game Studios head Sean Crooks has shared a five-minute sizzle reel, hoping to attract potential investors and breathe new life into the project.