Il 21 September 2018 Telltale Games announced that the study would initiate bankruptcy closing practices. Only 25 staff members will remain on board to complete the remaining obligations. The official statement was released via the company's Twitter account.

Here is the declaration:

Today, Telltale Games has made the difficult decision to start closing the study after a year marked by insurmountable challenges. Most of the company's employees were fired this morning, with a small group of 25 employees who pledged to comply with the company's obligations to the board of directors and partners. CEO Pete Hawley issued the following statement:

It was an incredibly difficult year for Telltale as we worked to get the company on a new course. Unfortunately, we finished the time trying to get there. We have posted some of our best content this year and received a huge amount of positive feedback, but in the end it did not translate into sales. With a heavy heart, let's watch our friends leave today to spread our storytelling brand through the gaming industry.

While Telltale Games did not actually talk about its projects in the pipeline, US Gamer he is quoting anonymous sources claiming that The Walking Dead: The Final Season would have been canceled. Furthermore, Variety received a statement from Netflix about the status of Minecraft: Story Mode, five-episode adaptation for the streaming platform. This project is continuing while Stranger Things has been discontinued.