NetEase Closes T-Minus Zero Amid Funding Crisis

In a surprising move, NetEase has officially closed its Austin-based game development studio, T-Minus Zero Entertainment. The co-founder, Rich Vogel, took to LinkedIn on August 26 to share the disheartening news.

Despite having the backing of NetEase and a dedicated team that had made significant strides—including a playable demo—the studio faced insurmountable challenges in securing the necessary funding due to tough market conditions.

A spokesperson from NetEase emphasized that this difficult decision came after thorough deliberation, and the company is now re-evaluating its strategic priorities. They assured that arrangements are being made to support the talented team of developers affected by this closure.

T-Minus Zero was founded just last year, in September 2022, and was staffed by seasoned professionals from renowned companies like BioWare and Bethesda, raising hopes for innovative gaming experiences.

The unexpected shuttering of T-Minus Zero serves as a stark reminder of the volatile nature of the gaming industry—where even the most promising studios can fall victim to financial woes.

As the industry continues to evolve, all eyes will be on NetEase and its next strategic moves. Will they pivot to new opportunities or invest in fresh talents?