After 28 years in business, Wipeout creators, Studio Liverpool, have been closed by their parent company, Sony. Studio Liverpool had no prior warning this was going to happen, and this now means that any game in development has been cancelled, with two rumored titles being worked on for the upcoming PlayStation 4.

The two games are reportedly Wipeout, which has been said to be in development over the last 18 months or so, as well as another title, which would've been a "Splinter Cell style game", reports Eurogamer. Sony will continue to retain the rights to Wipeout, but the game's long-term future is currently unknown.

Sony's full statement:

It has been decided that Liverpool Studio should be closed. Liverpool Studio has been an important part of SCE Worldwide Studios since the outset of PlayStation, and have contributed greatly to PlayStation over the years. Everyone connected with Liverpool Studio, past and present, can be very proud of their achievements.

 

However, it was felt that by focusing our investment plans on other studios that are currently working on exciting new projects, we would be in a stronger position to offer the best possible content for our consumers.