IO Interactive Layoffs: Xbox Pulls Project Fantasy Funding — Too Much Gaming | Video Games Reviews, News, & Guides

IO Interactive is continuing work on Project Fantasy despite Xbox pulling its funding, and will now seek alternative funding or self-publish. This is part of a larger "reset" at Xbox under new CEO Asha Sharma, with reports indicating several studios like Ninja Theory, Compulsion Games, Undead Labs, Arkane, and Double Fine are in talks to avoid closure. Xbox is reassessing its investment priorities to better fund its existing franchises and ensure a reliable pipeline of exclusive content.

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16 articles · 13 sources 13 days ago

Xbox Restructures, Studios Face Closure Amid Funding Shifts

Xbox is undergoing a significant restructuring, leading to funding cuts for external projects like IO Interactive's 'Project Fantasy'. Several internal studios, including Ninja Theory and Compulsion Games, are reportedly at risk of closure. This strategic shift aims to refocus investments on major franchises and secure exclusive content pipelines.

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