Recently, rumors circulated that ByteDance's Lightyear Entertainment announced the closure of its Shanghai studio, laying off approximately 300 employees, including those working on projects like "Project: Babel." The reason for the closure was that the project's progress had fallen short of expectations, and the compensation package was N+2. In response to this, a ByteDance representative responded to a Shanghai Securities News reporter on September 16th, stating that the rumors were untrue. The Shanghai studio had not been closed, and there was no project codenamed "Project: Babel."