Telltale Games has raised $8 million in funding to help with current and future narrative projects, including The Expanse: A Telltale Series and The Wolf Among Us 2. In 2018, the developer abruptly shut down and filed for bankruptcy protection, and some former employees from Telltale opened a new game studio shortly afterward. Luckily, many of the company’s assets were acquired by LCG Entertainment, which revived Telltale Games in August 2019.

Since then, the studio has continued to flourish, specializing in the unique narrative and graphical style that grabbed the attention of gamers and critics alike in 2012 with the release of The Walking Dead. More recently, Telltale Games has announced The Expanse, an episodic story being co-developed with Deck Nine Games that is slated to release this summer, and The Wolf Among Us 2, the long-awaited sequel to 2013’s award-winning title about a sheriff investigating a series of murders.

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Understandably, one of the primary concerns for many development studios is securing funding for projects. Recently, Telltale Games announced that it has received $8 million in funding from Hiro Capital and Skybound Entertainment, which has partnered with the developer for years. Hiro Capital is an investment firm that supports esports and the development of video games; Skybound Entertainment is the company behind The Walking Dead comics and has worked with Telltale since 2012.

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It was thanks to the assistance of Skybound that Telltale was able to complete the last two episodes of The Walking Dead: The Final Season after the company’s closure. Skybound also published The Walking Dead: The Telltale Definitive Series, a collection of all four seasons of the franchise, in September 2019, after Telltale had been relaunched by LCG Entertainment. Skybound has remained Telltale's publisher ever since.

When Telltale initially announced its shutdown, it took nearly everybody by surprise. Assets were liquidated, staff was laid off without warning or severance, and some Telltale Games titles were delisted from Steam, GOG, and other digital storefronts. In an interview with Variety at the time, Skybound President Dan Murray explained his company’s intervention: “It’s hard making games… This is a business that is made by people… We are trying to do what we can to work with the original staff and provide a soft landing.”

Skybound wasn’t the only entity to react strongly to the unexpected demise of Telltale, a company that offered an iconic style not found elsewhere in the industry. A number of companies expressed an interest in helping to complete at least the final two episodes of The Walking Dead. Now that Telltale is back in full swing and working on two new games, people are full of ideas about what the developer could focus on next. Everything from a continuation of the Firefly story to Doctor Who to a revival of Telltale’s cancelled Stranger Things game have been proposed as potential project ideas.

The Wolf Among Us 2 is currently in development for a 2023 release on PC, PS4, PS5, Xbox One, and Xbox Series X/S.

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Sources: Business Wire, Variety, Telltale Games/Twitter