PlayStation has shut down Bluepoint Games, the studio responsible for the modern remakes of Shadow of the Colossus and Demon's Souls , five years after acquiring it.

PlayStation has shut down Bluepoint Games, the studio responsible for the modern remakes of Shadow of the Colossus and Demon's Souls, five years after acquiring it.

That's according to Bloomberg, which confirmed the closure with PlayStation, and reported that an estimated 70 employees will be affected when the studio officially closes next month.

"Bluepoint Games is an incredibly talented team and their technical expertise has delivered exceptional experiences for the PlayStation community,” a PlayStation spokesperson said in a statement to Bloomberg. "We thank them for their passion, creativity and craftmanship."