4HEAD Studios' Beowulf Canned

4HEAD Studios sent over a press release announcing that their video game, Beowulf, has been discontinued. As the new blockbuster movie "Beowulf" from Paramount Pictures debuts in cinemas worldwide and the offical game of the movie (developed by Tiwak and published by Ubisoft) becomes available, work on the independently developed game of same name is suspended. The game had been under development at German game developer 4HEAD Studios in collaboration with graphics and animation studio 3D-IO. Game developer 4HEAD Studios had become financially unstable and was recently acquired by German publishing house DTP.