The Marvel universe MMORPG at Daybreak Games has been canceled
Enad Global 7 (EG7) has confirmed that the unannounced Marvel MMORPG in development at Daybreak Games has been canceled.
In an investor presentation last November, EG7 confirmed the unannounced game as a "longer-term" project. The title had also appeared in the Nvidia GeForce Now leak in 2021. EG7 had planned to invest SEK 500 million ($40 million) in the Marvel project over the next three years, but now the company states it will diversify this investment across other projects instead, including the The Lord of the Rings Online and DC Universe Online.
Daybreak was previously reportedly working on another Marvel MMO since at least 2017, but it was also canceled, which allegedly sparked mass layoffs in 2018.
The statement to investors from EG7 can be found below.
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. The company had planned to invest more than SEK 500 million in the Marvel project over the next three years. The company will now diversify this investment across multiple, smaller size projects within the group, including the previously announced major upgrades to The Lord of the Rings Online and DC Universe Online, and new game opportunities with our first party, original IPs. Along with this reallocation, the company expects a write down of approximately SEK 230 million in project related assets in Q2 2022. As one of the long-term investments, the change to the Marvel project plan will not impact near to medium term revenues and profits other than the balance sheet and P&L impact related to the write-down.