Gaming News
Nagoshi Studio Shuts Down After NetEase Funding Cut
Resolved
Photo: beebom.com (from the cited article) All clips and posts below are embedded from their original sources.
By the numbers: this timeline documents 2 events from Oct 31, 2026 to Nov 2, 2026, drawn from 4 sources.
Our take
The abrupt shutdown of Nagoshi Studio after NetEase withdrew funding underscores the volatility of third‑party financing in game development. With the studio dissolved on October 31, 2026, the fate of Gang of Dragon hangs in the balance, highlighting how a single funding decision can derail a high‑profile project.
Background
Toshihiro Nagoshi, known for the Like a Dragon series, founded Nagoshi Studio in November 2021 after leaving SEGA’s RGG Studio. The studio was backed by NetEase Games and set out to develop the action‑adventure title Gang of Dragon, announced at The Game Awards in December 2025.
In March 2026, Bloomberg reported that NetEase Games planned to cut funding for Gang of Dragon after learning the game needed another ¥7 billion (about $44.4 million) to finish development. NetEase offered the studio a chance to continue independently, but the studio would have to pay to retain its assets and intellectual property.
The timeline
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Nagoshi Studio Dissolved
The studio was reportedly dissolved following a shareholders’ resolution.[1]
Screenshot of beebom.com, captured Nov 2, 2026. Source [1] -
Dissolution Notice Published
Notice of dissolution reportedly published in Japanese government gazette Kanpo.[3]
Our read of the evidence
Mostly unverified. The studio's dissolution and the status of its game are based solely on reports from beebom.com and invenglobal.com, with no primary source confirmation. Neither the funding withdrawal nor the studio's closure has been verified through official statements from the involved parties. An official announcement regarding the game's cancellation remains pending.
Our rating counts evidence, not opinions about anyone: events confirmed by a primary source (the person's own post, their official site, a court or government record) weigh most, then how many independent outlets report the story.
Frequently asked
What is the current status of Nagoshi Studio?
As of November 2, 2026, per beebom.com, Nagoshi Studio has been dissolved and the future of Gang of Dragon remains uncertain.
Why did NetEase cut funding for Gang of Dragon?
According to Bloomberg, NetEase Games planned to cut funding after learning the game needed another ¥7 billion to finish development.
What happened to the game's Steam page?
The Steam page for Gang of Dragon remains active, but the release date is still listed as to be announced.
Who founded Nagoshi Studio?
Toshihiro Nagoshi founded Nagoshi Studio in 2021 after leaving RGG Studio.
What is the status of the game Gang of Dragon?
The game's future is uncertain; no official cancellation has been announced and the Steam page remains live.
More related drama (4)
Sources (4)
- beebom.com, Nagoshi Studio Officially Shuts Down, Leaving Gang of Dragon's Future Uncertain, Nov 2, 2026.
- rpgsite.net, Nagoshi Studio shuts down, officially dissolved as of October 31, Nov 2, 2026.
- invenglobal.com, Nagoshi Studio Dissolves... Future of Ma Dong-seok Starrer 'GANG OF DRAGON' Uncertain, Nov 2, 2026.
- vgchartz.com, NetEase Games Shuts Down Nagoshi Studio, Nov 1, 2026.
Cite this timeline
This timeline compiles 2 dated events from 4 sources. If it helped your reporting, cite it:
GenZHype. “Nagoshi Studio Shuts Down After NetEase Funding Cut.”
GenZHype, 2 November 2026,
https://genzhype.com/gaming/nagoshi-studio-shuts-down-after-netease-funding-cut/.