Multiple outlets report that Nagoshi Studio’s upcoming PS5 game, “Gang of Dragon,” appears to have been cancelled or is no longer in active development, though no official confirmation has been provided. Both reports point to earlier funding instability tied to publisher NetEase. In March, coverage said NetEase planned to pull funding from Nagoshi Studio, with estimates that roughly ¥7 billion (about $44 million) would be needed to finish the project. That plan reportedly implied funding would stop in May, leaving the studio unable to continue without replacement financing.
The GameSpot report adds additional circumstantial indicators. It describes signs such as Nagoshi Studios’ online presence changing, including a YouTube channel that appeared to vanish and reappear, and the studio’s website going offline. It also cites observations from Famitsu’s 40th anniversary issue, where Toshihiro Nagoshi is listed as a “game creator” rather than in association with the studio. GameSpot further references social media findings that suggest co-founder and director Daisuke Sato lists his involvement with the studio as “ex-.”
Pushsquare similarly frames the situation as a likely quiet cancellation, while noting that an official statement from NetEase is not expected.
