Close Menu
  • Tech Insights
  • Laptops
  • Mobiles
  • Gaming
  • Apps
  • Money
  • Latest in Tech
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram
TechzLab – Tech News, Gadgets, Mobile & IT UpdatesTechzLab – Tech News, Gadgets, Mobile & IT Updates
  • Tech Insights
  • Laptops
  • Mobiles
  • Gaming
  • Apps
  • Money
  • Latest in Tech
TechzLab – Tech News, Gadgets, Mobile & IT UpdatesTechzLab – Tech News, Gadgets, Mobile & IT Updates
Home » PlayStation acquired this games studio in 2023—now it’s being shut down: What we know
Gaming

PlayStation acquired this games studio in 2023—now it’s being shut down: What we know

adminBy adminOctober 30, 2024No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Sony is shutting down Firewalk Studio following the lacklustre performance of its online shooter, Concord, which failed to generate sales, was removed from sale, and had its servers disabled just two weeks after its initial release in August earlier this year. In September, Sony acknowledged that the “launch didn’t land the way we’d intended.”

“After much thought, we have determined the best path forward is to permanently sunset the game and close the studio. I want to thank all of Firewalk for their craftsmanship, creative spirit, and dedication,” Hermen Hulst, CEO of the Studio Business Group at Sony, said in an internal email.

Also Read: iPhone users finally gets call recording feature; Here’s how it works and supported devices

Firewalk Studios Isn’t the Only Studio Closing Down

Notably, Firewalk Studios, which Sony acquired in April 2023, isn’t the only one that is being shut down; Neon Koi, formerly known as Savage Game Studios from Germany, is also part of the axe. “As part of our ongoing efforts to strengthen SIE’s Studio Business, we have had to make a difficult decision relating to two of our studios – Neon Koi and Firewalk Studios,” Hermen Hulst announced.

Cumulatively, these closures will reportedly lead to 210 people losing their jobs (as reported by Bloomberg’s Jason Schreier). Of the 210, 38 employees work at Neon Koi, and the other 172 work at Firewalk.

In addition to this, Hermen Hulst emphasises that Sony’s key focus is on making “engaging online experiences alongside our single-player games.”

“We need to be strategic, though, in bringing our games to new platforms and recognising when our games fall short of meeting player expectations.”

Also Read: Is YouTube hiding view counts, upload dates on the homepage? Company responds to media report

What Happened With Concord?

Concord on the PS5 and Windows, developed by Firewalk Studios, failed to garner sales. This was primarily due to the intense competition in the category, with many competing shooters being free to play.

Hermen Hulst also confirmed that “we did not hit our targets with this title.”

Following the cessation of sales, Sony immediately announced that “we will begin to offer a full refund for all gamers who have purchased the game for PS5 or PC. If you purchased the game for PlayStation 5 from the PlayStation Store or PlayStation Direct, a refund will be issued back to your original payment method.”

Also Read: OnePlus 13 launch on October 31 in China: More specs revealed ahead of launch

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
admin
  • Website

Related Posts

All new celebrations in College Football 26 – Destructoid

July 7, 2025

NYT Connections hints and answers for Monday, July 7 (game #757)

July 6, 2025

Gears of War: Reloaded game set to launch across consoles and PC on August 26

July 5, 2025

Comments are closed.

Latest
  • All new celebrations in College Football 26 – Destructoid July 7, 2025
  • Save $50 on the Google Pixel 9a and get one of the best midrange phones for less with this early Prime Day deal July 7, 2025
  • Finally: Google is making theme packs to help you customize your Pixel phone – Android Authority July 7, 2025
  • Samsung Smart Monitor M9 With QD-OLED Display Launched in India Alongside Refreshed M8, M7 Models July 7, 2025
  • NYT Strands hints and answers for Tuesday, July 8 (game #492) July 7, 2025
We are social
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo

Subscribe to Updates

Get the latest creative news from Techzlab.

Tags
A16Z Ada Ventures ai safety Apple Aydin sykut cybersecurity daniel ek data centers defense tech doge Donald Trump Elon Musk evergreens EVs Exclusive First matter foodtech Fundraise fundraising Google helsing In Brief India legal tech low code development lucky Meta Microsoft Openai Pinterest Polar restaurant tech Rippling robotics Scales to social media SpaceX Spotify Startups TechCrunch All Stage 2025 Tesla Tictail Trump Administration WordPress xrobotics
Archives
Quick Link
  • Apps (241)
  • From the Editor (3)
  • Gaming (240)
  • Laptops (241)
  • Latest in Tech (241)
  • Mobiles (242)
  • Money (65)
  • Tech Insights (241)
Don't miss

Best Window Air Conditioners 2025: 10 Picks to Cool You for Years

July 7, 2025

Vari 80×80 L-shaped electric standing desk review

July 6, 2025

Want to escape Earth this weekend? Watch these 5 shows for unforgettable journeys to strange sci-fi worlds

July 5, 2025
Follow us
  • Facebook
  • Twitter
  • Pinterest
  • Instagram
  • YouTube
  • Vimeo
© 2025 Techzlab.com Designed and Developed by WebExpert.
  • Home
  • From the Editor
  • Money
  • Privacy Policy
  • Contact

Type above and press Enter to search. Press Esc to cancel.