NetEase has sold T-Minus Zero Entertainment.
In a post on LinkedIn, the studio revealed that it had been acquired by "a small group of veteran directors and founders" after it emerged that the Chinese games firm was closing down the developer earlier this year.
"Earlier this year, our journey with NetEase Games came to a close," the company wrote.
"Together, we accomplished something rare: a world-class team, a bold new IP, and a fully playable prototype that demonstrated both our creative and executional strength. The response from players, partners, and peers validated our belief that what we were building had genuine market potential. While shifting market conditions terminated that trajectory, they also clarified our path forward.
"A small group of veteran directors & founders have acquired the T-Minus Zero Entertainment name to carry the team’s spirit forward and are relaunching as an independent production company—with a refined development model and a funding approach inspired by the independent film world: focused, project-based, and partnership-friendly."
