There are flops, and then there was Concord. A first-party PlayStation hero shooter from ex-Bungie devs, Concord had been in production for around six years and the development costs were reported by Kotaku as an eye-watering $200 million (a figure that some industry figures did dispute). It launched in August last year and lasted 11 days before Sony pulled the plug, and shut down the game's developer Firewalk Studios...
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After the catastrophe of Concord, Sony is reportedly cancelling other projects including a God of War live service game
Source: PC Gamer (opens in a new tab)