Reigns developer Nerial closes after two years of significant losses, Devolver keeps rights to existing games

Nerial, the studio behind Reigns and Card Shark, announced it is closing and entering "hibernation mode." Founders Tamara Alliot and François Alliot said they decided with Devolver, which acquired Nerial in 2021, to end development and the studio, while Devolver retains the rights to its existing catalogue. A Companies House report showed Nerial lost over £800,000 in 2025 and nearly £1 million in 2024, and had become dependent on Devolver's financial support. The studio has nine employees including its founders, who said they plan to take a break before returning to making games.