In a surprising turn of events, Romero Games has publicly denied rumors of its closure following funding cuts from a major publisher, believed to be Microsoft. The studio, founded by industry veterans John and Brenda Romero, confirmed that while their unannounced first-person shooter project has been canceled due to the withdrawal of financial support, they are actively exploring new opportunities with several interested publishers. The situation has left many in the gaming community in shock, especially after reports surfaced claiming that the entire staff was being let go.