Sony's ongoing evaluation of its game portfolio led to the difficult closure of Firewalk and Neon Koi, emphasizing a need to align with PlayStation Studios' goals.
The monumental failure of the hero-shooter Concord, developed for 8 years and costing up to $400 million, contributed to the decision to close Firewalk Studio.
Despite potential in mobile gaming, Sony stated they must focus on titles that align with their pedigree to achieve success in a competitive market.
Concord's disappointing performance, with fewer than 1000 players on Steam and only 25,000 copies sold in its first week, led to its rapid closure.
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