In a surprising turn of events, Xbox has decided to withdraw its funding and support for IO Interactive's highly anticipated online fantasy RPG, Project Fantasy. This move leaves the studio, known for its work on the Hitman series and the upcoming 007 First Light, facing an uncertain future and potential layoffs.

The decision is likely to have significant implications for IO Interactive, which had been relying on Xbox's backing to bring its vision for Project Fantasy to life. The project had been shrouded in mystery, but its cancellation raises questions about the studio's ability to secure funding for future projects.

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  • IO Interactive is facing layoffs due to the loss of funding for Project Fantasy
  • Xbox's decision to withdraw support may impact the studio's ability to secure funding for future projects
  • The cancellation of Project Fantasy raises questions about the future of IO Interactive and its potential to deliver on upcoming titles like 007 First Light
  • The move may also have broader implications for the gaming industry, as it highlights the risks and challenges associated with game development and funding
  • IO Interactive will need to reassess its strategy and explore new options to ensure its long-term viability

Source: Eurogamer