Telltale Games Closure Is Due To A Financier Backing Out

Failure to secure a round of funding ultimately led to the studio closing.

Posted By | On 25th, Sep. 2018

The Walking Dead The Final Season_03

The story of Telltale Games’ closure is one that’s as abrupt as it is sad. Future projects like The Wolf Among Us: Season 2 have apparently been cancelled (though Stranger Things could live on). There’s some hope for The Walking Dead: The Final Season, but recent indications also peg that series as being finished.

Exactly what happened? According to Telltale co-founder Dan Connors, who spoke with Variety, the closure was due to the studio failing to secure a round of funding. “The company was working diligently to close a round of financing,” he said. “Unfortunately, when the last potential financial backer abruptly pulled out, we were left in a position where we had no choice but to stop production.

“Sadly, everyone was so focused on doing what was required to keep the company going that when the last potential partner backed out, there were no other options.”

Sources speaking to Variety stated that among Telltale’s financiers, it was Lionsgate that ultimately backed out. The entertainment company, known for its films especially, invested $40 million into the developer back in 2015. However, it apparently told Telltale’s board of directors that it would no longer finance the studio and instead work on its movie business.

None of this has been confirmed officially by Telltale or Lionsgate, so take it with some bit of salt. Still, with one of Variety’s sources apparently being an employee present when layoffs were announced, there could be plenty of credibility to the report.


Amazing Articles You Might Want To Check Out!

Share Your Thoughts Below  (Always follow our comments policy!)



Keep On Reading!

PS5 Pro’s PSSR On Par with Nvidia DLSS and Intel XeSS, Says Developer

PS5 Pro’s PSSR On Par with Nvidia DLSS and Intel XeSS, Says Developer

Gergo Horvath, a Graphics Programmer at Gaijin believes that PSSR is not only on par with DLSS and XeSS, but a...

GTA 6 Publisher Explains the Importance of PC: “We Are Selective” About Platforms

GTA 6 Publisher Explains the Importance of PC: “We Are Selective” About Platforms

Take Two's Strauss Zelnick understands the importance of the PC platform, but the company still won't launch a...

Infinity Nikki – Ability Outfits, Curio Domain, and More Detailed in New Overview Trailer

Infinity Nikki – Ability Outfits, Curio Domain, and More Detailed in New Overview Trailer

The free-to-play "cozy" open-world title has reached 30 million pre-registrations before launching on PS5, PC,...

GTA 6 Xbox Series S Performance Concerns Are a Non-issue, Says Take Two CEO

GTA 6 Xbox Series S Performance Concerns Are a Non-issue, Says Take Two CEO

Take-Two chairman and CEO Strauss Zelnick is not worried about any concerns related to Grand Theft Auto 6's pe...

Marvel Rivals – Moon Knight Confirmed, First Trailer Revealed

Marvel Rivals – Moon Knight Confirmed, First Trailer Revealed

Marc Spector joins the battle, wielding the powers of Khonshu to disrupt the battlefield in NetEase's upcoming...

Metal Gear Solid Delta: Snake Eater’s Aim is to Ensure That the “Series Lives on for Future Generations”

Metal Gear Solid Delta: Snake Eater’s Aim is to Ensure That the “Series Lives on for Future Generations”

Metal Gear series producer Noriaki Okamura wants a newer generation of players to embrace the series whilst ma...