Gothic, Elex II Dev Piranha Bytes Addresses Studio Closure Rumors: 'Don't Write Us Off Yet'

Last week, the internet began to speculate that Gothic and Elex II developer Piranha Bytes was being shut down after fans noticed the studio's website was essentially defunct. Many speculated Piranha Bytes was another casualty in owner Embracer Group's purge of studios that began last year after a planned $2 billion deal with Saudi Arabia-backed Savvy Games Group fell through in 2023.

Studio closures at the hands of Embracer include Saints Row developer Volition Games and reformed TeamSplitters team Free Radical Design. Game Informer reached out to Piranha Bytes following last week's speculation to see if it was, indeed, another closure at the hands of Embracer, and today, studio CEO Michael Rüve responded, stating the studio's situation right now is difficult but that people shouldn't write them off yet. 

Here's what Rüve's statement says, in full: 

This statement lines up with RPG Site's reporting that Piranha Bytes is looking for a new publisher or buyer after Embracer decided to close the studio in November of last year. However, THQ Nordic, a publishing arm within Embracer, struck a deal with Embracer to give Piranha Bytes management more time to find a new publisher or buyer. This is likely the difficult situation Rüve's statement is referring to, and the possibility of finding a new publisher or buyer is probably why he's asking fans not to write the team off yet. 

Only time will tell, but given the studio's more than two decades of history in game development, and the human cost of studio's closures and layoffs, here's hoping the team finds a more stable owner or publisher. 

2024 has already been marred by a heartbreaking string of layoffs, resulting in more than 3,000 jobs lost in the games industry and games-adjacent industry. And those job cuts come after a terrible 2023 where more than 10,000 developers and employees were laid off over the year. 

Last week, Lords of the Fallen publisher CI Games laid off 10 percent of its staff. In this month alone, we