Update: In a statement issued to IGN, Telltale Games confirmed it has “made the difficult decision to begin a majority studio closure following a year marked by insurmountable challenges.” The studio also confirmed it’ll retain 25 employees to “fulfill the company’s obligations to its board and partners.”
Here’s Telltale Games CEO Pete Hawley’s full statement:
It’s been an incredibly difficult year for Telltale as we worked to set the company on a new course. Unfortunately, we ran out of time trying to get there. We released some of our best content this year and received a tremendous amount of positive feedback, but ultimately, that did not translate to sales. With a heavy heart, we watch our friends leave today to spread our brand of storytelling across the games industry.