Daybreak Games has canceled their Marvel MMO project
As per the recent news, it claims that Daybreak Game Company has canceled its Marvel MMO project. Enad Global 7, Daybreak’s parent company, revealed today that rather than investing a large sum of money in the game, it will divide it across several smaller projects, including improvements to existing MMOs such as Lord of the Rings Online and DC Universe Online.
In late 2021, an EG7 investor presentation announced the existence of the “Marvel IP-based massively multiplayer online game.” The business stated at the time that the new game was a long-term project and that no further information would be released until 2023 at the earliest. But times have changed since then.
As per the sources, the board of EG7 decided to adjust the production objectives and redistribute money within the company to focus on alternative long-term initiatives after re-evaluating the development risk profile, magnitude of investment, and long-term product portfolio strategy for the group.
Furthermore, over the next three years, the business intended to invest more than SEK 500 million ($50.7 million) in the Marvel project. This investment will now be spread across several smaller initiatives inside the firm, including the already announced big updates to The Lord of the Rings Online and DC Universe Online, as well as new game potential with our first-party, original IPs.
We also came to know that the termination would result in a writedown of SEK 230 million ($23.3 million) or a financial loss for EG7. The business did not remark potential layoffs as a result of the development pause, although Daybreak has gone through several waves of layoffs in recent years, at least some of which were prompted by the cancellation of a prior Marvel MMO project in 2018.
Given the massive popularity of the MCU, it may seem strange that Daybreak has had so much problem turning a Marvel game into a successful conclusion, but it’s not the first: Marvel’s Avenger, developed by Crystal Dynamics and released by Square Enix in 2020, also failed to show significant viewers despite the high-profile license.