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shikamaru317 said:

Well, this pretty much confirms what many of us suspected, Xbox didn't shut down Tango because their games underperformed or anything like that. What actually happened is that the miserly, penny pincher Chief Financial Officer, Amy Hood, decided that having 3 different Asia branches was redundant, and decided to shut down Zenimax Asia instead of Xbox Asia or Activision Asia, so Tango got the axe alongside the rest of Zenimax Asia. What an utterly stupid way for a good studio to go out, Microsoft could have simply had Tango reporting to Xbox Asia or Activision Asia bosses instead of the now fired Zenimax Asia bosses, but instead they closed them down entirely.

Yeah.

"Tango Gameworks is not the name of a company, it's the name of a department. The name of the company is ZeniMax Asia K.K." As such, Tango Gameworks was simply a brand within the company.

Explained by Mikami, so basically it was like how Lionhead used to be the HQ of Xbox Europe, which does seem to suggest that Zenimax Asia was closed down and Tango was caught in the crossfire since Tango technically isn't a company but a department in the larger Zenimax Asia company, likely in the same building. Don't know why they couldn't have shuffled some of these studios into other publishing divisions though.