Runic Games' majority stake was acquired by Chinese company Perfect World Entertainment in 2010.
Last week, Torchlight and Hob developer Runic Games was shut down by its parent company, Perfect World Entertainment.
KitGuru Says: It seems that Runic Games had a turbulent journey and succumbed to the bad fate of its publisher being more interest in the games-as-service market than the traditional single-player experience, which is a shame because Hob looks great.
In a statement given to Gamasutra, Perfect World confirmed enormous will "continue to be available on our platforms", and Runic Games will "remain a part of Perfect World Entertainment's portfolio of studios".More news: Trump confirms plans to meet with Putin during his Asian tour
As always, if you or someone you know has been affected by layoffs or a studio closure, you can email Gamasutra to share your story confidentially. Marsh Lefler - studio head at Runic - mentioned that "For those that love the Torchlight series, there will be some news coming", and went on to mention that at least for the immediate future, the multiplayer services and community features for the Torchlight series will keep running.
Baldree helped found Runic games in 2008 alongside colleagues Max and Erich Schaefer, Peter Hu and some members of the now-defunct developer, Flagship Studios. "We've been so lucky for the community that has supported us and made us successful". Runic Games will remain a part of Perfect World Entertainment's portfolio of studios, and its games will continue to be available to players, as we stay committed to supporting and growing Runic Games' beloved franchises.
Lefler closes his statement with "You haven't heard the last of us". We can not thank everyone enough for their contributions in making enormous the outstanding experience it is today.
The closure of Runic was part of the company's "continued strategy to focus on online games as a service", it said in the statement, emphasizing the scaling down of Motiga and closure of Runic Games were "unrelated". "Perfect World Entertainment stands committed to delivering the best massively multiplayer online gameplay experiences to our players".