The closure of Firewalk Studios and the failure of Concord mark a significant setback for Sony, illustrating the high stakes and risks involved in the live-service gaming sector.
"…the best path forward is to permanently sunset the game and close the studio. I want to thank all of Firewalk for their craftsmanship, creative spirit and dedication..." - Hermen Hulst, highlighting the difficult decision behind the closure.
Concord's development cost is estimated between $200m to $400m, underpinning the scale of investment Sony had in this project, reflecting the high costs tied to live-service game development.
With the failure of Concord and ongoing challenges at Bungie, Sony's strategy to pivot toward mobile and live-service games might not be yielding the expected results.
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