Media: The studio behind Gothic has ceased to exist
Piranha Bytes has closed, according to sources from the CD-Action portal. Their information suggests that the studio shut its doors at the end of June.
As CD-Action reports, the developers were unable to secure 3 million euros in funding for their next game. The funds provided by the studio's parent company, Embracer Group, were only sufficient until June.
Amidst the issues at Piranha Bytes, many employees reportedly left before the official closure. Among them was the head of the studio, Björn Pankratz. It is reported that he, along with his wife Jennifer Pankratz, has already founded a new company called Pithead Studio, which will focus on developing "dark action games with deep stories, elements of horror, and RPGs."
Back in January, rumors were circulating that Piranha Bytes had stopped operating and existed only on paper. At that time, the studio's management confirmed that it was in a difficult situation but urged the public not to write off Piranha Bytes and to hope for the best.
