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NetEase to Halt Funding for Nagoshi Studio in May, Putting Gang of Dragon in Jeopardy

Bloomberg reports a roughly ¥7 billion shortfall has triggered talks over whether the studio can keep its assets.

Overview

  • NetEase confirmed to Bloomberg it will stop financing the Toshihiro Nagoshi–led studio in May as it scales back game development.
  • Employees were informed on March 6, giving the team limited time to explore alternative backers before support ends.
  • People familiar with the project say about ¥7 billion (approximately $44.4 million) is needed to complete Gang of Dragon.
  • NetEase has told the studio it can continue independently only if it covers costs to retain the game’s brand and materials.
  • Revealed at The Game Awards 2025 and starring Ma Dong-seok, the title’s future remains uncertain as new sponsorship efforts have reportedly not succeeded.