Daybreak Games' parent company, Enad Global 7, has announced it will be canceling its in-development Marvel project, instead taking the funds earmarked for the game and diversifying them through investing in its current projects.
The announcement was made via a press release late Tuesday evening in the States, with EG7 stating that the board decided to make the change after re-evaluating the size and scope of the project.
"EG7 today announced it will be discontinuing the development of the Marvel project at Daybreak Games. Based on the re-evaluation of the development risk profile, size of investment, and the long-term product portfolio strategy for the group, the board has decided to change the development priorities and reallocate resources within the group to focus on alternative long-term projects."
As such, the more than 500 million SEK (around $51 million USD) will now be used to bolster current IPs, as well as fund "new game opportunities." EG7 states that this includes the major upgrades coming to The Lord of the Rings Online and DC Universe Online as well.
Whether this means a Marvel-based MMO altogether is dead remains to be seen long-term, but it looks like Daybreak won't be the ones to make it any longer. This news comes on the heels earlier this month that Dimensional Ink Games CEO Jack Emmert left the company in order to open Jackalope Games with Chinese developer NetEase. It's especially intriguing as the Marvel MMO project was in-development by the same Dimensional Ink Games.