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Two weeks into 2025, three studios are already closing down
Since the start of 2025, three studio closures along with multiple layoffs have already been reported across the industry.
Studios closing down include Toadman Interactive, which developed titles such as third-person shooter Immortal: Unchained and Hero Defense game Bloodsports TV. Speaking on Toadman's closure, parent company Enad Global 7 wrote: "This decision does not come lightly and follows several initiatives to turn the subsidiary profitable, including the cost-saving measures executed last year. "The team at Piranha truly delivered a high-quality game that exceeded both internal as well as external expectations in terms of quality, story and gameplay," said Enad Global 7's CEO Ji Ham.
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