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Owners of Possibility Space take legal action against NetEase, seeking $900 million in damages for allegedly disseminating ‘false and defamatory claims’ of fraud within the studio, which they assert led to its eventual shutdown.

The strange tale of the sudden 2024 closure of Possibility Space has taken another turn, as studio owners Jeff and Annie Strain have sued NetEase over allegations that it spread “false and defamatory rumors” about another Strain-owned studio, Crop Circle Games, in order to silence concerns about NetEase’s compliance with US laws on foreign investment.

The lawsuit seeks $900 million in damages, triple the amount of a prior $300 million valuation of the Strain’s Prytania Media, the parent company of Crop Circle Games and other studios.


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