People Can Fly, known for games like Bulletstorm and Gears of War: Judgment has decided to cancel its co-op action RPG Project Dagger after working on it for several years.
The announcement about the cancellation was made to investors in early April, but it gained attention recently after being shared by Twitter user MauroNL3.
The studio explained that they canceled the game after re-evaluating their development plans. This re-evaluation showed that the game’s scope and commercial potential weren’t meeting their expectations.
People Can Fly have decided to discontinue further work on Project Dagger, a new action-adventure IP that has been in development for a multiple years.
The game was to be published by Take-Two but that agreement was ended in September 2022.
PCF expects impairments of ~$17-20m. pic.twitter.com/FpPd70GB1t
— MauroNL (@MauroNL3) April 25, 2024
With the cancellation of Project Dagger, People Can Fly expects their financial results for 2023 to decrease by about $16.9 million. Their overall financial position will likely drop by $19.7 million.
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Originally, Project Dagger was supposed to be published by Take-Two Interactive. However, after ending their agreement in 2022, People Can Fly announced their intention to self-publish the game.
We’ve reached out to People Can Fly to ask about the impact of the project’s cancellation on the studio’s employees. At the time of publishing, we haven’t received a response.