Also plans to cut the company's head count by 25%.
SCi, parent company of Eidos (Tomb Raider, Kane & Lynch, Hitman), has announced a major restructuring plan which will see 14 projects canned and 25% of the workforce laid off.
"Following our business review over the last six weeks, we are initiating a clear action plan based on three fundamental strands of activity: a radical change in our structure to a studio-led business, a top to bottom programme of product improvement and efficiency and a considerable cost reduction plan," said Phil Rogers, SCi CEO.
"We must allow the world-class people that we have within the Group to focus on strong, profitable titles which will create the value our shareholders deserve," he added.
The company also accepted that its output had fallen below the high standards it expects to reach, citing "disappointing game development and working within an ineffective operating structure" as the primary reasons.
It was also revealed that SCi would consider offers for the company, although this isn't being actively pursued.
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