Nagoshi Studio officially closes after NetEase cuts funding

Nagoshi Studio, the NetEase-backed studio founded by Yakuza creator Toshihiro Nagoshi, has officially closed, appearing in Japan's Official Gazette Kanpo list of company dissolutions on Monday. The studio was formed in 2021 and its debut title Gang of Dragon, starring Ma Dong-seok, was announced in December. Bloomberg previously reported that NetEase told staff in March it would cut funding after learning the project needed an additional ¥7 billion ($44.4 million) to finish.