Nagoshi Studio and debut game Gang of Dragon shut after NetEase funding pulled
GG Brief Editorial Desk · AI-assisted, source attributed
Nagoshi Studio has officially closed and its debut game Gang of Dragon is reportedly no more, Eurogamer reports the closure was confirmed in the Japanese government gazette Kanpo. Eurogamer says the shutdown followed publisher NetEase pulling funding and that employees had been told the studio's future was at risk. The report states Nagoshi Studio reportedly needed another £33.1 million (about $44.4m at the time) to finish Gang of Dragon. Eurogamer also notes the studio opened in 2021 and the game had a world premiere trailer at The Game Awards 2025.
- What happened: Eurogamer reports Nagoshi Studio has officially closed and its first game, Gang of Dragon, is seemingly no more, with the closure confirmed in the Japanese government gazette Kanpo.
- Why it matters: Eurogamer says the closure came after publisher NetEase pulled funding and that employees had been warned the studio's future was at risk; the studio reportedly needed another £33.1 million (about $44.4m at the time) to complete the game.
- Context: Eurogamer records that Nagoshi Studio opened in 2021 and that Gang of Dragon had a world premiere trailer at The Game Awards 2025; the article was published on Nov. 2, 2026.
- What next: Eurogamer's report describes the game as 'seemingly no more' but does not confirm whether Gang of Dragon is definitively cancelled, whether another publisher will step in, or the fate of the studio's staff or assets.
What changed
- Eurogamer reports Nagoshi Studio has closed, with the studio's shutdown confirmed in the Japanese government gazette Kanpo.
- The article attributes the closure to NetEase pulling funding for Gang of Dragon and says employees had previously been told the studio's future was at risk.
- Eurogamer reports the studio reportedly needed an additional £33.1 million (about $44.4m at the time) to finish Gang of Dragon.
Timeline
- 2021: Nagoshi Studio opened (as reported by Eurogamer).
- The Game Awards 2025: Gang of Dragon had a world premiere trailer (as recorded by Eurogamer).
- Nov. 2, 2026: Eurogamer published the report stating the studio has officially closed and citing Kanpo.
Limits
- Eurogamer describes Gang of Dragon as "seemingly no more" but does not present a definitive cancellation notice from the studio or a confirmed buyer/publisher stepping in.
- The report does not confirm the ultimate disposition of Nagoshi Studio's staff, assets, or intellectual property, nor does it provide a detailed public statement from NetEase in the article.