Known for launching The Banner Saga and Pillars of Eternity II: Deadfire, publisher Versus Evil has ceased to exist.
This became known from the company's message on its official page on the social network X.
"Today is a sad day. After 10 wonderful years, Versus Evil is closing its doors. We were happy to publish the best indie games we could find and share memories with you, with our wonderful community," the tweet reads.
Most likely, the decision was made by the parent company, tinyBuild publishing house, which acquired Versus Evil in 2021 for $12.5 million, and is now in a difficult financial situation.
Recall that, according to the results of the first half of 2023, tinyBuild was in the red. Its operating loss was $31.9 million. Adjusted EBITDA (the company's earnings before interest, taxes, depreciation and amortization) also turned out to be negative — minus $1.2 million.
tinyBuild is in a bad position, including vinyl Versus Evil, which did not show good enough results and was unable to release some of the projects on time.
The news of Versus Evil's closure came amid news of a deal between Atari and tinyBuild. The companies have agreed on a strategic partnership. As part of it, Atari will invest $2 million in Hello Neighbor publisher and become the owner of approximately 7.5% of tinyBuild.