Toshihiro Nagoshi's post-Sega game studio, Nagoshi Studio, shuts down after NetEase funding cuts

Founded in 2021, the studio was working on a game funded by NetEase announced just under a year ago, but the studio has reportedly collapsed. It was just last December when Nagoshi Studio unveiled Gang of Dragon , a spiritual successor to the Nagoshi-created series Like a Dragon/Yakuza from Sega, at The Game Awards in Los Angeles. But since the announcement, NetEase reportedly cut funding on the game's development, and the studio itself has been dissolved according to a report of company dissolutions by Kanpo , the official government gazette of Japan.