Author: [email protected] (Andy Chalk)

Gaming

Possibility Space owners sue NetEase for $900 million over allegations it spread ‘false and defamatory rumors’ of fraud at the studio that ultimately forced it to close

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The strange tale of the sudden 2024 closure of Possibility Space has taken another turn, as studio owners Jeff and Annie Strain have sued NetEase over allegations that it spread “false and defamatory rumors” about another Strain-owned studio, Crop Circle Games, in order to silence concerns about NetEase’s compliance with US laws on foreign investment.The lawsuit seeks $900 million in damages, triple the amount of a prior $300 million valuation of the Strain’s Prytania Media, the parent company of Crop Circle Games and other studios.In a statement provided to Polygon, NetEase says the claims are “wholly without merit,” and that…

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