
VGC writes: "According to people close to Free Radical Design, the Nottingham, UK-based studio has been part of the evaluation and employees have now been notified that it could close."

Microsoft announced its financial results for Q3 of fiscal year 2026, including an update on its gaming Xbox business and more.
Not looking good. Hopefully Asha Sharma is able to turn Phil’s disaster around.
To me it's still quite remarkable how they can cash-in 5.3bn in revenue in a single quarter, since their hardware is basically dead.

Spiders: "We're going to cut straight to the chase so you're not left wondering: After a long period without clear answers, we have received confirmation that Spiders is being liquidated.
What does it mean? This means the company as a whole no longer exists. We'll cease our functions immediately. The planned DLC will release via Nacon, and then-- well, that's it.
We're sorry that it's come to this and would like to thank each and every one of you for your support over the years.
If you have any questions or run into issues with your games, please contact Nacon directly as we'll no longer be able to reply."

Today, Koei Tecmo announced its financial results for the full fiscal year 2025, related to the period between April 2025 and March 2026.
Absolute shame on Embracer if they bring back a dead studio just to kill it off again before they have enough time to make their first new game.
Wow wtf... you get all of the TimeSplitters fans, including me, excited by bringing back Free Radical, and now you kill everyone's hopes and dreams just like that. I'm so disappointed.
This is terrible, if true... Why can't we live in a timeline where we have Timesplitters again? I'm not entirely sure if this is affecting the one being worked on outside of Free Radical. I just miss this series so much, I want something... Anything...
All of those comments about Embracer being a better fit for Acti-Blizz, as opposed to MS, have aged gracefully..
I know this is a bit out there but Sony should buy them. They aquired a lot of studios that made a lot of good games, I personally was hoping for a Legacy of Kain sequel or a reboot but I doubt that happens now.