Famous The Walking Dead game developer Telltale games is shutting down permanently. The Studio confirms that they are in a process of closing the studio for good.
It was confirmed by GameDaily.biz, that the studio is in a state of liquidation. A couple of months before, the studio decided not to produce any more video games. This has resulted in the cancellation of their upcoming games: The Wolf Among Us: Season Two and The Stranger Things.
The CEO of Telltale Pete Hawley has now shut down his Twitter account. And also his LinkedIn profile confirms that his position with the studio has come to an end.
The South Korean game company SmileGate could have saved Telltale Games from falling apart; but unfortunately, they backed out at the last moment.
A Consultant company by the name of Sherwood Partners is now handling the process of winding Telltale Games. Sherwood Partners started contacting anyone who has a claim to Telltale’s assets.
Earlier, Pete Hawley suggested that Telltale Games would be continuing. A Verge Report suggested that albeit and a skeleton crew of 25 will remain at the studio. But, this doesn’t seem to be the case now.
The site goes to a state that Telltale is in assignment proceedings. Although the end result is primarily the same as the bankruptcy process. Unfortunately, Telltale Games’ assets will be sold off.
Apart from its shutting down, it has also been reported that a lot of Telltale Games have been delisted from Steam. These games include Jurassic Park: The Game, The Tales of Monkey Island, and Back to the Future: The Game. However, you can still download the games. Also, they will remain on the PlayStation Store and Xbox Marketplace.
The Walking Dead: The Final Season will continue its development process thanks to Skybound Games. The Company is trying to have all the Telltale’s ex-staff on board to finish the development process.