Bad news: The Allison Road Kickstarter has been cancelled. But the good news is that the crowd-funding has been scrapped to let Team17 sign the project under its games label.
"We have decided to withdraw the Kickstarter campaign to allow us to commit 100% to an opportunity that will give us the chance as a team to create the best game possible," explains an update from the Lilith dev team.
"As a newly founded studio, we've been completely overwhelmed by your encouragement and huge interest in Allison Road and we'd love to thank each and every one of you for all of the amazing support you have given us during our Kickstarter campaign and beyond. Really incredibly appreciated."
The post continues: "We are delighted to announce that we will be joining Team17's highly successful games label."
The post also moves to allay fears that working under a publisher will somehow limit the creativity of the project.
"Working with Team17 will give us the chance to make our game unhindered creatively, but at the same time will give us the resources, support and experience that only a 25 year old studio can give," reassures the blog post.
Those who have already pledged on Kickstarter won't be charged, but the dev team does promise to get these backers involved with the game in some way further down the line.
The immediate future will see the dev team go into stealth mode so it can "focus on making Allison Road the best horror experience it possibly can be".
This could be a great move for all parties. You just have to look at the success of Mouldy Toof Studios' The Escapists as an example, and on the back of P.T. Allison Road could be pretty big if the team gets it right.