IO Interactive regains full ownership of Project Fantasy from XBOX, but closes one of its studios
IO Interactive has regained full ownership of its game 'Project Fantasy' after Xbox withdrew funding, but the company is closing its Istanbul studio as part of a restructuring effort. The developer plans to continue funding the project independently to ensure its long-term future.
Why it matters
The move reflects broader instability in the gaming industry as major publishers restructure and independent studios adjust their development strategies.
IO Interactive has regained full ownership of Project Fantasy after Xbox ended funding, but the update also confirms the closure of its Istanbul studio.
The report provides a factual account of business decisions from both the publisher and developer perspectives.
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