- 11 bit Studios was working on Project 8, which was canceled after 7 years.
- The game cost nearly $12 million, and the studio was confident in its development, but the perception changed in just 4 months.
- Following the cancellation, the investors are ready to escalate things and blame the studio for not being transparent about the development.
11 bit studios has released some of the great titles over the years, like Frostpunk and This War of Mine, but the studio has gotten itself into a huge drama in Poland.
The developers were working on a now-canceled game, named Project 8, which was in development for around 7 years. According to the studio, the game’s development started as early as 2018 and cost nearly $12 million.
While the studio was sure of the ongoing development of Project 8 until August 2024, the game was canceled in December, which has left investors frustrated about the transparency of 11 bit Studios and ready to take the matter to Poland’s financial regulatory authorities.
Why it matters: The studio had seen itself in trouble even during the release of The Alter, so the investors are ready to take legal action at this point.
Recently, the studio has released a post directed at the investors, talking about the development of Project 8, blaming the market conditions for the cancellation of the project.
This has led to investors wanting clarity from the studio. In August 2024, the company’s president confirmed to stakeholders that the development of Project 8 was going smoothly. However, just four months later, 11 bit Studios blamed the market conditions.
Just a month after the cancellation, the Polish Association of Individual Investors blamed the studio for misleading stakeholders and failing to provide sufficient transparency.
Soon after that, the same association released an article stating that 11 bit Studios won’t be able to win the trust of the investors until they openly talk about the development of Project 8 and why it got canceled.
During the annual shareholders’ meeting in June 2025, the investors once again asked for transparency from the studio, but the leadership refused to respond. It has now been claimed that 11 bit Studios has yet to address investors’ concerns.
It remains to be seen how the studio will deal with this issue. Not too long ago, the studio was also caught using AI Generative in The Alters without disclosing it. Nonetheless, what do you think about this? Share your thoughts with us in the comments or join Tech4Gamers forums.
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[News Reporter]
Abiyan is on track to complete his Computer Science bachelor’s degree. His enthusiasm for writing and gaming motivates him to keep readers and gamers updated with the latest information from the industry. In his free time, Abiyan enjoys playing Dota 2 and Rocket League. Abiyan has also been cited in reputed websites such as Kitguru, Comicbook, GamingBible, Eurogamer and Gamingbolt.
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