PCF Group S.A. has suspended all development activities on the Gemini project, effective 1 June 2025.
The suspension follows the expiration of the content-rider agreement with Square Enix Limited, which covered work-for-hire production services.
Square Enix has failed to provide a new execution agreement for subsequent production milestones or clarify its intent regarding the project's future.
PCF Group currently lacks alternative funding, partnerships, or replacement contracts to continue development on the Gemini project.
The board cited significant uncertainty regarding the publisher's commitment as the primary reason for halting operations.
The decision to suspend work is legally justified under Article 17(1) of the MAR Regulation, which allows for halting operations when contractual conditions become untenable.
The board of PCF Group S.A., headquartered in Warsaw, announces the suspension of development activities on the Gemini project effective 1 June 2025. The decision follows the expiration of the existing content‑rider agreement linked to the production‑publishing contract with Square Enix Limited, under which the group performed work‑for‑hire across Europe. Because Square Enix has not presented a new execution agreement covering subsequent production milestones and has failed to communicate its intention to continue or terminate the project, the company faces significant uncertainty regarding the publisher’s commitment.
Legal justification for the suspension derives from Article 17(1) of the MAR Regulation, which permits the board to halt operations when contractual conditions become untenable. The lack of a renewed agreement and the absence of any definitive response from the publisher render further collaboration doubtful, according to the board’s current assessment. No additional contractual arrangements have been secured to replace the expired agreement, and no alternative funding or partnership has been identified for the Gemini project.
The board commits to issuing separate updates as new information becomes available, ensuring that stakeholders receive timely public disclosures about the evolving situation. This communication underscores the company’s adherence to regulatory requirements and its proactive management of contractual risk in the European video‑game development sector.
