Highguard is dead.
(media.kotakuinaction2.win)
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I'd say King of Meat was Concord 2. They beat Highguard by a few days in announcing they're shutting down.
Was King of Meat high budget? It's gotta cost a lot to be a Concord level fuck up
Haven't found total numbers but it was a big Amazon production that expected 100k concurrent players and bought PR videos from Mr Beast and Geoff Keighley. Considering what they expected from the game and how much they spent on marketing it probably wasn't cheap.