The company responsible for the Wipeout franchise, Sony Liverpool, has been shut down after almost 30 years. Sony released a statement to address the reasons for the closure, and how they plan to deal with all the affected workers.

“It has been decided that Liverpool Studio should be closed,” it reads. “Liverpool Studio has been an important part of SCE Worldwide Studios since the outset of PlayStation, and have contributed greatly to PlayStation over the years. Everyone connected with Liverpool Studio, past and present, can be very proud of their achievements. However, it was felt that by focusing our investment plans on other Studios that are currently working on exciting new projects, we would be in a stronger position to offer the best possible content for our consumers.”

Sony Liverpool was previously called Psygnosis since its founding in 1987 until it was acquired by Sony in 1993. The latest game from them has been Wipeout 2048 for the Vita, a game which was rather well received. It was also reported that the studio was at work on several games for the PS4, including another Wipeout game which was going to be “dramatically different” from previous installments in the series.

Source: Gamespot, Eurogamer