- 01
11 bit studios S.A. officially terminated the development of 'Project 8' on December 17, 2024, due to insufficient projected return on investment.
- 02
The company will record a write-down on the project's 48.43 million PLN book value (as of September 30, 2024), which will negatively impact 2024 fiscal year financial results.
- 03
The cancellation necessitates a reduction in the Warsaw-based development team, though the scale of layoffs does not trigger Polish legal thresholds for collective dismissal.
- 04
The final impairment charge remains subject to a comprehensive review of assets generated during the project's development cycle.
- 05
This strategic move reflects a shift in resource allocation away from underperforming intellectual properties to protect the company's long-term fiscal health.
- 06
The decision highlights the increasing pressure on mid-to-large scale developers to maintain high profitability standards in a competitive market.