Grin was the developer that earned lots of respect for succefully rebooting Bionic Commando with Bionic Commando Rearmed on XBLA, then later released on PSN and PC. After this success, Capcom ordered them to make a full priced game which wasn’t meet with much critical praise.
Though that didn’t slow the developer down; Grin was working back at Capcom trying to reboot the Strider franchise for them. The idea was that it was supposed to launch on XBLA, PSN and PC just like Bionic Commando Rearmed did. But the project was cancelled in 2009. So they moved on and looked for another company that wanted to reboot their IP and naturally came to SEGA. The remake was set for digital platforms only and like their last project, it was supposed to be a reboot like Bionic Commando Rearmed.
What I posted is all that has been released on the game, including a few screenshots, artwork and design ideas. Eurogamer states that there is a ‘working’ prototype of the game running. I want that, please. So what happened to Grin? They were also working on a big Final Fantasy spin-off game called Fortress. They stated that Square-Enix never paid the developers for their works, thus they filed for bankruptcy. With them, it seems that the Streets of Rage remake project is now dead. Or is it? Does this now explain why SEGA shut down the Streets of Rage HD remake?