In a surprising turn of events, Romero Games has publicly denied reports of its closure, despite facing significant funding challenges. The studio, founded by industry veterans John and Brenda Romero, recently lost financial backing for its unannounced first-person shooter project after Microsoft pulled its publishing agreement. This led to speculation about the studio’s future, with some employees claiming that the entire team was being laid off. However, Romero Games has clarified that it is still operational and is actively exploring new publishing opportunities.