This was reported by Kotaku, citing two sources familiar with the agreement between Sony and Firewalk Studios. It is noted that the initial deal amount for the development of Concord was slightly over $200 million.
PlayStation announced its collaboration with Firewalk in 2021. It is likely that the parties signed a contract for the creation of the shooter around that time, though production had begun several years earlier.
However, as noted by Kotaku, $200 million was not enough for the full production cycle of Concord. The exact budget remains unknown, as the media could not ascertain the costs for marketing and other details.
This contract also does not include the purchase of the rights to Concord or the acquisition of Firewalk itself. Recall that Sony became the owner of the studio last year, but the deal's amount was not disclosed.
Concord existed on the market for less than two weeks before PlayStation shut down the game's servers. According to GameDiscoverCo estimates, sales of the PvP shooter amounted to about 25,000 copies, most of which were on PS5.
Yesterday, the head of Sony Interactive Entertainment, Hermen Hulst, announced the closure of Firewalk Studios, along with mobile developer Neon Koi. He noted that the company needs to act more strategically for the long-term growth of the PlayStation brand beyond the console itself.