NetEase-owned Nagoshi Studio enters liquidation, ending Nagoshi's five-year venture

Japan's official gazette published a dissolution notice on November 2, saying Nagoshi Studio, wholly owned by NetEase, was dissolved by shareholder resolution on October 31 and has entered liquidation, with Minoru Morinaga as representative liquidator. Bloomberg had reported in March that NetEase would stop funding the studio from May, when Gang of Dragon was about 20% complete. The article says the project needed at least 2 million copies sold to break even, a scale the Like a Dragon series has not reached.