IO Interactive regains Project Fantasy after Xbox funding ends, but closes one of its studios
… This has meant... the closure of our Istanbul studio ... and starting a process to part ways with colleagues... …
… This has meant... the closure of our Istanbul studio ... and starting a process to part ways with colleagues... …
… Unfortunately, the studio has also announced layoffs and the closure of its studio in Istanbul, Turkey. …
… Layoffs were expected, but not the closure of the company's fourth studio in Istanbul, Turkey, which was formed in 2023 as a support studio for the Danish developer's AAA productions like 007 First Light . …
… This has meant making changes as well as proposed changes across our studios: the closure of our Istanbul studio and starting a process to part ways with colleagues who have been a meaningful part of what makes IOI what it is. …
… That contract has been terminated by Microsoft leading to the Istanbul studio closure because IOI needs to downscale. …
… We will continue to develop and fund it independently amongst our other projects.” Later in the statement, IO describes the changes taking place across the developer, including the recent closure of the IO Istanbul studio. “With this context, we had to find a new balance for the long-term future of… …
… This has meant making changes as well as proposed changes across our studios: the closure of our Istanbul studio and starting a process to part ways with colleagues who have been a meaningful part of what makes IOI what it is." Prior to the announcement, IOI maintained five studios , thanks to sign… …
… Meanwhile, Hitman developer IO Interactive announced the closure of its Istanbul studio , a direct result of Xbox choosing to pull financing for Project Fantasy, which was announced back in 2023. …
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