After reports that Telltale Games has set a vast majority of its own team, CNET can confirm that the storied video game studio will close its doors permanently, with just a skeleton crew of 25 remaining to’fulfill the company’s obligations to its board and partners.’

Known for pioneering episodic matches at which the choices you’d create in one event would carry on into this next — most reluctantly The Walking Dead, Batman, Minecraft Story Mode and The Wolf Among Us — that the studio drawn big brands such as Game of Thrones, Back into the Future and Guardians of the Galaxy with exactly the same formula, and was working on a Stranger Matters game for Netflix until its meltdown. (Netflix says it’s figuring out exactly what to do about that now.)

In 2012, we commended The Walking Dead particularly for’an interactive storytelling experience that other zombie games can only dream of delivering.’

Here’s the statement Telltale Games offered today:

Today Telltale Games made the difficult choice to commence a vast majority studio closed following annually declared by insurmountable challenges. A vast majority of their company’s employees were ignored earlier this early morning, with a small group of 25 employees staying onto fulfill with the company’s duties to its board and spouses. CEO Pete Hawley issued another statement:

‘It’s been an incredibly difficult year for Telltale as we worked to set the company on a new course. Unfortunately, we ran out of time trying to get there. We released some of our best content this year and received a tremendous amount of positive feedback, but ultimately, that did not translate to sales. With a heavy heart, we watch our friends leave today to spread our brand of storytelling across the games industry.’

Tell tale will issue further comments regarding its product portfolio in the forthcoming weeks.

Here’s a statement from Netflix:

We are saddened by the news about Telltale Games – they developed lots of terrific games before and left the indelible mark within the business. Minecraft: Story Mode is moving forward as planned. We are in the process of evaluating other possibilities for bringing the Stranger Matters world alive in a interactive medium.

Though Telltale co founder and former CEO Kevin Bruner sued the company earlier this season, he also penned a goodbye to Telltale at his website . ‘We chose to venture where others dared not go, and we found some success along the way. It took a lot of vision, luck, will power, teamwork, talent, and very long days and nights to get there, but it will forever have been worth it,’ he also wrote. 

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