Echtra Games, the studio responsible for 2020's Torchlight 3, has been closed down by its parent company Zynga, presumably leaving its as-yet-unannounced cross-platform action RPG abandoned for eternity.
Per an IGN report, Echtra's shutdown is part of a "strategic realignment of [Zynga's] resources and priorities", which is pretty typical corporate-speak that generally appears to mean "the studio wasn't making us any money and wasn't likely to in future".
Echtra's only game was Torchlight 3, which began life as a pseudo-MMORPG by the name of Torchlight Frontiers. Eventually, however, Frontiers' development scope shifted, and the project became Torchlight 3 instead, with the release moving from publisher Perfect World's Arc platform to Steam and consoles (and later the Switch).
Following Torchlight 3's release in 2020, Echtra Games was acquired by mobile giant Zynga in 2021, a few months before the company acquired Golf Rival and its developer StarLark in August that same year.
Several months after that, in January 2022, Zynga itself would be acquired by GTA IP holder Take-Two for $12.7 billion, which was the most expensive gaming acquisition until Microsoft's purchase of Activision Blizzard just a few days later.
When Echtra was...