Wipeout developer Studio Liverpool has been closed and all of its projects have been cancelled.

The studio was rumoured to have been working on a next-gen version of Wipeout.

“Liverpool Studio has been an important part of SCE Worldwide Studios since the outset of PlayStation, and have contributed greatly to PlayStation over the years,” read a statement from Sony.

“Everyone connected with Liverpool Studio, past and present, can be very proud of their achievements.”

“However, it was felt that by focusing our investment plans on other Studios that are currently working on exciting new projects, we would be in a stronger position to offer the best possible content for our consumers.

The Liverpool Facility would continue to operate, housing a number of other vital departments, said Sony.

Sony Studio Liverpool began as Psygnosis in 1984, and developed games such as Lemmings, Blood Money, Colony Wars, Destruction Derby, Discworld, Rollcage, and Shadow of the Beast, before being acquired by Sony in 1993.

As part of SCE Worldwide Studios, its big hit was Wipeout, although it also produced a number of Formula One racing titles.