Nagoshi Studio, Toshihiro Nagoshi's post-Sega team, has been dissolved after NetEase funding cuts

Nagoshi Studio, the team Toshihiro Nagoshi founded after leaving Sega, has been dissolved according to company dissolution records published in Japan's official gazette Kanpo. The studio revealed Gang of Dragon at The Game Awards last December, and in March Bloomberg reported that NetEase pulled back funding after the studio needed an additional ¥7 billion ($44.5 million) to finish the game. NetEase has not officially canceled Gang of Dragon, but it is unclear whether the project will be completed.