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Intrepid Studios, developers of MMO Ashes of Creation, shuts down. CEO runs away with money, game is now canceled

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Draugoth

Gold Member
I can make a limited statement in my personal capacity and not on behalf of the company, regarding the situation. Control of the company shifted away from me, and the Board began directing actions that I could not ethically agree with or carry out. As a result, I chose to resign in protest rather than lend my name or authority to decisions I could not ethically support. Following my resignation, much of the senior leadership team resigned. Following those departures, the Board made the decision to issue WARN Act notices and proceed with a mass layoff.
I cannot responsibly speak to further details at this time due to ongoing legal and governance matters. What I can say is that the developers and staff acted in good faith and deserved better than the uncertainty they are now facing. I am incredibly dismayed by the situation.
I think, as a player, there are 2 main aspects of Ashes that has some people excited.
First, What we are making... basically, risk vs reward, not everyone is a winner, a world that develops around the player, no p2w, no quality of life items, massive open world and emphasis on social/community driven systems.
Second, Who we are... we aren't governed by greedy "corporate overlords". I'm funding the project, so no investors or a board to answer to, no publishers to appease, we speak WITH (not to) our community, and we actually listen to feedback and value/respect our players.
— Steven Sharif

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