EG7, the development and publishing house behind The Lord of the Rings Online and DC Universe Online,has announced that it is canceling the Marvel Comics MMO they had been working on in favor of putting those resources towards their existing MMO’s as well as smaller unannounced projects.

The Swedish company had projected a budget of around SEK 500 Million (approximately $50,676,000 USD) for the Marvel project. They do not say exactly what caused the reassessment that led to this shuffle but it is easy to speculate that the difficulties that Square Enix has had with their Avengers Live Service game that released two years ago have contributed to market squeamishness around similar projects.

No word yet on what smaller IPs or original properties this might end up supporting but they do explicitly say that the previously mentioned The Lord of the Rings Online and DC Universe Online will be directly affected as a portion of the money is going to help support major updates for those games.

If anything else should develop or if EG7 decides to announce any currently under wraps projects we will be there reporting on it!