Fantastic Pixel Castle shuts its doors after failing to secure investors

On Nov. 3, 2025, Greg Street, the studio head and game director at Fantastic Pixel Castle, announced on LinkedIn that the studio will be closing on Nov. 17, 2025, after it had failed to secure funding for its project. He added that his priority now is to help his developers find employment in other studios.

“While there is still a chance we can secure funding after that date, it will depend on how much of the team remains,” Street continued. He then said that LinkedIn will be the best way to reach out since their email addresses and website will stop functioning in the future.

Street also thanked NetEase for taking a chance on them. Last month, the studio shared that the partnership it had as a first-party developer within NetEase Games had come to an end. The studio was created in 2023 with backing from NetEase Games.

Since the studio lost Netease Games’ backing, it started looking for an investor or a publisher. The studio also mentioned that they have two backup plans, which are a downscoped version of the game it is currently developing called Ghost, or simply have its development team create a game for another.

This is the third studio closing under NetEase Games first-party studios in just two years. The first one was Ouka Studio from Japan, with the other one being T-Minus Zero.

Fantastic Pixel Castle is a studio led by veteran game developer Greg Street, who worked on World of Warcraft and the unannounced MMORPG being developed at Riot Games. The studio was developing a “modernized fantasy MMORPG” called Ghost.