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Soleron said:

Superbot being shut down is proof it missed expectations by far. 

If anything they should have realised non-Smash fighters are niche and had a more appropriate budget.

They closed because they only made one game and they didn't make a profit off of it. That explains it.

Plus, Superbot is an independent studio with no publisher behind them, so, obviously they would close down if they don't have the money.