--- title: IO Interactive to shutter Istanbul studio following end... description: IO Interactive is closing its Istanbul studio after Xbox withdrew funding for Project Fantasy, an online fantasy RPG. The studio, which opened in 2023 and... canonical: https://daily.dev/posts/io-interactive-to-shutter-istanbul-studio-following-end-of-project-fantasy-deal-with-xbox-ewjv1hvkv twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: IO Interactive to shutter Istanbul studio following end of Project Fantasy deal with Xbox | daily.dev og:description: IO Interactive is closing its Istanbul studio after Xbox withdrew funding for Project Fantasy, an online fantasy RPG. The studio, which opened in 2023 and... og:url: https://daily.dev/posts/io-interactive-to-shutter-istanbul-studio-following-end-of-project-fantasy-deal-with-xbox-ewjv1hvkv og:image: https://api.daily.dev/og/posts/eWJv1HVkV.png og:image:alt: IO Interactive to shutter Istanbul studio following end of Project Fantasy deal with Xbox og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # IO Interactive to shutter Istanbul studio following end of Project Fantasy deal with Xbox **[GamesIndustry.biz](https://daily.dev/sources/gamesindustry)** · 2 min read · 0 upvotes · 0 comments ## Summary IO Interactive is closing its Istanbul studio after Xbox withdrew funding for Project Fantasy, an online fantasy RPG. The studio, which opened in 2023 and contributed to titles including 007 First Light and Hitman, is being shut down as part of cost-cutting measures to preserve IOI's independence as a fully self-funded AAA developer. IOI has retained full ownership of Project Fantasy and plans to continue developing it independently. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [Hitman developer IO Interactive shuttering Istanbul studio](https://daily.dev/posts/hitman-developer-io-interactive-shuttering-istanbul-studio-53xkvgiyk) · Game Developer · 0 upvotes · 0 comments - [IO Interactive Reclaims Ownership of Online RPG Project Fantasy](https://daily.dev/posts/io-interactive-reclaims-ownership-of-online-rpg-project-fantasy-gbfz2umch) · 80 LEVEL · 1 upvotes · 0 comments - [IO Interactive to lay off staff after Xbox exits Project Fantasy](https://daily.dev/posts/io-interactive-to-lay-off-staff-after-xbox-exits-project-fantasy-lqokuxen8) · Game Developer · 1 upvotes · 0 comments - [IO Interactive might not return for 007 First Light sequel](https://daily.dev/posts/io-interactive-might-not-return-for-007-first-light-sequel-wilq7svay) · Game Developer · 5 upvotes · 2 comments - [IO Interactive CEO Hakan Abrak to discuss development of 007 First Light at Game Republic New Horizons 2026](https://daily.dev/posts/io-interactive-ceo-hakan-abrak-to-discuss-development-of-007-first-light-at-game-republic-new-horizo-4xjsv7rsr) · GamesIndustry.biz · 0 upvotes · 1 comments --- Tags: [#game-development](https://daily.dev/tags/game-development), [#xbox](https://daily.dev/tags/xbox) [View this post on daily.dev](https://daily.dev/posts/io-interactive-to-shutter-istanbul-studio-following-end-of-project-fantasy-deal-with-xbox-ewjv1hvkv) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"IO Interactive to shutter Istanbul studio following end of Project Fantasy deal with Xbox","url":"https://daily.dev/posts/io-interactive-to-shutter-istanbul-studio-following-end-of-project-fantasy-deal-with-xbox-ewjv1hvkv","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/io-interactive-to-shutter-istanbul-studio-following-end-of-project-fantasy-deal-with-xbox-ewjv1hvkv"},"datePublished":"2026-07-07T14:04:25.502Z","dateModified":"2026-07-07T14:05:16.004Z","description":"IO Interactive is closing its Istanbul studio after Xbox withdrew funding for Project Fantasy, an online fantasy RPG. 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