Diablo I & II Creators Secure $.4.5M to Revolutionize ARPGS with a New Game

Veteran developers behind DIablo I and DIablo II have announced their ambitious return to the genre! Moon Beast Productions, founded by Erich Schaefer, Phil Shenk, and Peter Hu, has successfully secured $4.5 million in seed funding to create an ARPG that pays homage to classic DIablo gameplay while introducing innovative, dynamic worlds and user-generated content.

The studio plans to reveal more details about their project in early 2025, but the team has already outlined their vision of a highly interactive experience. Schaefer, who served as the lead designer on Diablo I, emphasized their aim to “go back to what made those early Diablo games feel awesome” while exploring fresh directions enabled by modern technology.

We’re looking forward to what the OG devs will come up with! You can read the full piece at PC Gamer.


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