NetEase to Divest Fantastic Pixel Castle
Business
15 October 2025 10:49
NetEase is parting ways with its studio, Fantastic Pixel Castle, as the studio’s head, Greg Street, admits that the future of its upcoming MMORPG, codenamed Ghost, is uncertain unless the team can secure a publisher or investor. In a candid post on LinkedIn, Street confirmed that Fantastic Pixel Castle’s time as a first-party studio within NetEase Games is coming to a close, and the studio is actively seeking a new partner to support the game’s development.
Street expressed gratitude for NetEase’s support during this transition, noting that the company has been “very gracious and supportive of looking for another publisher for our game.” However, he also acknowledged the challenges presented by the current market environment. “In the current market environment, very few deals are getting made for any game, let alone something on the scale of an MMORPG,” he wrote.
As the search for a new publisher or investor continues, Street emphasized the difficult position the studio finds itself in: “We’re doing everything we can to find a publisher or investor. At the same time, we’re encouraging our team members to explore future opportunities and supporting them through the uncertainty.”
He also made it clear that if the team is unable to secure backing soon, the studio may face closure. "If we're unable to find a publisher soon, the reality is that the studio would likely close, and the entire team, leadership included, would be affected."
In the final paragraphs of his message, Street thanked the Ghost community, the playtesters, and the many individuals who have offered advice during this difficult time. “I hope you all will have a chance to play Ghost,” he added, showing gratitude for the support received despite the uncertain future.
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Business
15 October 2025 10:49
NetEase is parting ways with its studio, Fantastic Pixel Castle, as the studio’s head, Greg Street, admits that the future of its upcoming MMORPG, codenamed Ghost, is uncertain unless the team can secure a publisher or investor. In a candid post on LinkedIn, Street confirmed that Fantastic Pixel Castle’s time as a first-party studio within NetEase Games is coming to a close, and the studio is actively seeking a new partner to support the game’s development.
Street expressed gratitude for NetEase’s support during this transition, noting that the company has been “very gracious and supportive of looking for another publisher for our game.” However, he also acknowledged the challenges presented by the current market environment. “In the current market environment, very few deals are getting made for any game, let alone something on the scale of an MMORPG,” he wrote.
As the search for a new publisher or investor continues, Street emphasized the difficult position the studio finds itself in: “We’re doing everything we can to find a publisher or investor. At the same time, we’re encouraging our team members to explore future opportunities and supporting them through the uncertainty.”
He also made it clear that if the team is unable to secure backing soon, the studio may face closure. "If we're unable to find a publisher soon, the reality is that the studio would likely close, and the entire team, leadership included, would be affected."
In the final paragraphs of his message, Street thanked the Ghost community, the playtesters, and the many individuals who have offered advice during this difficult time. “I hope you all will have a chance to play Ghost,” he added, showing gratitude for the support received despite the uncertain future.
Related news
View AllT-Minus Zero Entertainment, the Austin-based game development studio formed under Chinese tech giant NetEase, has officially shut down just two...
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Simon Zhu, President of Global Investments and Partnerships at NetEase, has officially stepped down from his position after more than...
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Apr 28, 2025
Chinese gaming giant NetEase is reportedly divesting its overseas holdings, sparking concerns about a broader retreat from international markets. This...
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Feb 24, 2025
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