Update: Telltale have officially confirmed the bad news that they’ve closed most the studio and only 25 employees remain.
As reported by Gamasutra, it seems that prolific choose-your-own-adventure studio Telltale Games is shutting down. This is backed up by media posts from developers at and close to the studio, such as Outerloop’s Chandana Ekanayake.
The Verge report that a skeleton crew of around 25 will remain at the studio, down from around 250. A source tells USGamer the upcoming The Wolf Among Us 2 and a Stranger Things adventure series have been cancelled. Telltale Games have released no official statement yet.