Nagoshi Studio, founded by Yakuza series creator Toshihiro Nagoshi, has shut down. A filing in Japan’s official gazette, Kanpo, confirmed the closure of the Tokyo-based company. The fate of its first game, Gang of Dragon, is now uncertain.The closure comes months after employees were told that cuts to NetEase funding had put the studio at risk. Reports at the time said Nagoshi Studio needed another £33.1 million to complete Gang of Dragon, money the publisher was reportedly unwilling to provide. The studio’s closure has been confirmed, but there has been no formal announcement that the game has been canceled.Nagoshi founded the studio in 2021 after his work on the series also known as Like a Dragon. Gang of Dragon was to be the new team’s debut. Few details about the project were revealed: its announcement trailer showed a crime story filled with violence and drama, familiar territory for fans of Nagoshi’s earlier games. The cast included Ma Dong-seok, who appeared in Train to Busan and Eternals.Nagoshi Studio’s closure comes as NetEase scales back its international investments. The company also closed Ouka Studios, the developer of Visions of Mana, after the game’s release. Worlds Untold, founded by Mass Effect veteran Mac Walters, had to pause operations while seeking a new partner.For Gang of Dragon, the immediate consequence is the loss of the studio developing it. There has been no word yet on whether the project could continue with another team or a new source of funding.With information from Eurogamer.
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