"The new management team at Kuju have been conducting a strategic review of all aspects of the business," a Kuju representative told Eurogamer. "As part of this process, the ongoing business activities of the Vatra studio are currently under review. However, at this stage, no decisions have yet been made."
Vatra Games' most recent title was Silent Hill: Downpour, which shipped in March to a generally favorable reception. Prior to that, the studio released the Xbox Live Arcade and PlayStation Network action side-scroller Rush'n Attack: Ex-Patriot.
Eurogamer reports that Vatra was working on a God of War-style project, though the outlet claims this game has been canceled.
Vatra Games, located in Brno, Czech Republic, was established in 2009 and currently boasts a staff of around 50. Up until last summer, it was led by former Take-Two Interactive and Microsoft Game Studios developer Matthew Seymour.