2K Australia the developer behind the acclaimed titles like BioShock, Borderlands: The Pre-Sequel is closing down. The main reason behind the move is the the high cost of development in the country, as stated by 2K Games. 2K confirmed the closure with the following official statement: “We can confirm we have taken steps to begin the studio closure process for 2K Australia in order to better manage ongoing development costs while improving the working proximity of our creative teams. We are very grateful for the team’s valuable contributions to numerous 2K projects, and are working with affected staff to explore reassignment opportunities where possible.”
2K Australia was originally established in 2000 as Irrational Games, Australia, before being acquired by 2K Games in 2006. With the release of BioShock in 2007, the studio was rebranded to 2K Australia. Since the release of BioShock, 2K Australia has co-developed BioShock 2, BioShock Infinite and had a hand in the development of The Bureau: XCOM Declassified.
[Source: Kotaku Australia]