Embracer Group samlede specifikt studiet Free Radical Design med henblik på at udvikle Timesplitters 4, og blandt holdets centrale ledelse var da også nogle af skaberne bag de originale spil i serien.
Men spillet udkommer aldrig, for Embracer formåede også at lukke studiet og aflyse projektet, selvom at udviklingen skred frem. I et interview med GamesIndustry siger stifter Steve Ellis, at han nu er færdig med TimeSplitters.
"It's probably the end of me being involved with TimeSplitters. I don't know if Plaion or Embracer will do anything with it. I don't know what it would take to get me to want to go through all that again. It was a big letdown."
Det lader desuden til at det i sidste ende faktisk kom bag på Free Radical Design at de blev lukket, for de troede at de var sikre.
"We had the Embracer situation going on, where they had announced they were looking at closing some projects and studios. But the public statements they had made up to that point made us feel like we were safe. The criteria didn't seem to apply to our project."
Sådan blev det altså ikke...
