Sony Closes 2 PlayStation Studios Months After ‘Concord’ Video Game Flop

Sony Interactive Entertainment has shut down Neon Koi and Firewalk Studios.
Sony Closes 2 PlayStation Studios Months After ‘Concord’ Video Game Flop
The logo for PlayStation during a media event by the Team Asobi studio at the offices Sony Interactive Entertainment in Tokyo on Aug. 29, 2024. Philip Fong/AFP via Getty Images
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Sony Interactive Entertainment (SIE), a subsidiary of Sony Group Corporation, has announced the shutdown of Neon Koi and Firewalk Studios, two PlayStation software development studios the entertainment giant acquired in recent years.

In an internal email sent to staff, which was subsequently shared online on Oct. 29, Hermen Hulst, the CEO of SIE’s Studio Business Group, said the closures were made to help bolster the company’s ongoing business strategies.