An incredibly talented team, with horrible upper management.
- they first had True Crime HK get cancelled and unfinished
- they invested serious time and money into Triad Wars
- they go and make the same mistake with Smash and Grab
It's not that Triad Wars and Smash and Grab are bad games, but the huge 'single player open world' audience just wanted SD 2. Heck a SD expansion could have brought in more dollars without overhauling the entire game.
Not entirely surprised considered how hard Smash and Grab bombed. Thing got the fastest free weekend I've ever seen and still didn't manage to get a decent userbase. A shame, they are really talented devs and they deserved better than this
That team seemed to have tough times through most of their life.
Modnation Racers didn't catch on, Neither did LBP Karting. They were relegated to porting duties (TR: DE X1 and did some work on Halo: MCC apparently) and did some work on Disney Infinity (again, they seemed to be cursed with clunkers).
I'll be honest, I wasn't excited at the prospect of what Triad Wars would've been, because I just don't find all that much enjoyment for multiplayer experiences like that, but then again, Sleeping Dogs is a game that should've been completely mediocre after several different redesigns and changing hands from Vivendi(Activision) to Square-Enix.
People keep saying "Why didn't they just make Sleeping Dogs 2?" Because SE probably didn't see much of a point in it, they instead greenlit an MMO-version of it which was cancelled after enough time and resources were shoveled into it.
It's a shame for any studio to close down (even the bad ones), UFG definitely should've been given more of a chance to prove themselves.
They made up some bullshit sales targets which led to them publicly devaluing some of their biggest games (Tomb Raider and Hitman Absolution being the others). It was an utter farce then and the results today have only solidified its farcical nature. It's amounted to Tomb Raider 2 being made anyway and having a super awkward exclusivity period, the next Hitman getting made anyway and being rather successful in spite of it all, and now this utter bollocks with UF going under because no Sleeping Dogs 2,
Might also be somewhat related to the closure of Disney Infinity - they had just shipped Marvel Battlegrounds, and I assume they were banking on a contract for the next playset...plus Triad Wars...plus just everything else...
Also, didn't SE have ridiculous sales quotas for several of their games around this period due to trying to remain in the black as a result of FF XIV being a complete shitshow in the beginning and the money they were spending on Luminous Engine and the 8 billion incarnations of FF XV?