Bloomberg reports that the studio would need roughly ¥7 billion (~$44.4 million) more to finish production. Nagoshi is trying to secure outside investment, but so far it seems there hasn’t been any luck. This mirrors other recent cutbacks by NetEase, including pausing Worlds Untold and shutting down Ouka Studio, showing a broader retrenchment in their gaming division.
If Nagoshi Studio manages to find new backers, Gang of Dragon could still see the light of day—but the situation is very uncertain at the moment. It’s a reminder that even veteran developers aren’t immune to the volatility of modern game funding.