Taking to social media platform X, Ehreth spoke about the recent reports surrounding NetEase and its international investments, as well as a host of studios being shut down. He revealed that Anchor Point Studios itself hasn’t been affected by any of the studio closures, and referred to NetEase as a great partner.

“Due to recent news of multiple studio closures, we’ve had many friends and fans reach out to us out of concern,” posted Ehreth on X. “After responding to each of them, I wanted to make a more formal statement that Anchor Point Studios has not been affected by any studio closures, and we are still full steam ahead building our game.”

Ehreth goes on to talk about the volatile state of the gaming industry right now in the lengthy X post. Despite this, however, Anchor Point Studios is still growing, and complete with “several positions open” for work on its debut game.

“So far, NetEase has been a great partner for us, giving us creative control and development support, and we look forward to the prospect of shipping an exceptional game together in the future,” he wrote. “While it may be stormy seas at the moment for the industry, we are very much still growing, and we have several positions open for anyone looking for a safe harbor. Come join us – Per Aspera, Ad Astra!”

Anchor Point Studios was founded back in 2023 by industry veteran Ehreth, who has previously worked on major titles in his 20 years in game development. Ehreth has worked on games like Control, Halo 4, and Halo 5: Guardians. He is joined in the studio by Pete Torrents, who has worked on Halo, Ghost of Tsushima, The Division, and Red Dead Redemption 2.

Anchor Point Studios has two primary studios based out of Barcelona, Spain, and Seattle, United States. Back when the studio was founded, Ehreth expressed thanks to NetEase Games for giving the studio the creative freedom it needed, along with the resource to “build this interconnected world that will expand beyond games and reach into other mediums.”

The studio’s debut game doesn’t yet have a name, but considering the talent behind the studio and the resources it has been provided by NetEase, it will likely be a major AAA project.

Reports about NetEase starting to pull out of some of its international investments came about earlier this month. Along with the closure of an R&D-centric studio that worked on Marvel Rivals, NetEase is also pulling out on other investments, which analysts believe is because of a number of factors, including market volatility and geopolitical tensions.

For its part, NetEase has been steadfast about its games, including its massively successful competitive shooter Marvel Rivals. The company is also working with studios on a host of other games, including FragPunk and Ananta. For context, NetEase also has stakes in companies like Devolver Digital, and outright owns studios like Quantic Dreams and Grasshopper Manufacture.

Due to recent news of multiple studio closures, we’ve had many friends and fans reach out to us out of concern. After responding to each of them, I wanted to make a more formal statement that Anchor Point Studios has not been affected by any studio closures, and we are still full…

— Paul Ehreth ⚓️🌱🌺🥀💀✨ (@bacon_sanwich) February 24, 2025

Among the games Ehreth has worked on include work as campaign designer on Halo 4 and 5, as well as lead designer for the more recent Control. Ehreth is joined by Pete Torrents who will act as head of operations. Torrents also has an impressive list of credits, including Halo, Ghost of Tsushima, The Division, and Red Dead Redemption 2.

Anchor Point Studios is based in Barcelona, Spain, and Seattle in the United States. The studio is currently recruiting developers, artists, and designers across all of its offices. The studio’s main office will be situated in Spain.

“We’re so excited to officially drop our anchor in Barcelona, the hometown of my great-grandparents, and start building a strong team for our journey of exploration together with NetEase Games,” said Ehreth in the press release. “Our studio’s motto is ‘Per Aspera, Ad Astra’ (‘through hardships, to the stars’) because we want to build an adventure that will stay fresh and provide a unique experience that will surprise and delight people each time they play, and I want us to acknowledge the challenges we are setting out to face. We’re grateful to NetEase Games for giving us the creative freedom and resources to build this interconnected world that will expand beyond games and reach into other mediums as well.”

Neither NetEase nor Anchor Point Studios have made any announcement regarding what the new studio’s first project will be, but considering the size of the studio, it is quite likely to be a major AAA project.