Saona Studios

Saona Studios was an independent Spanish video game developer founded in 2021 and based in Madrid. Its work focused on stylized interactive entertainment, combining hand-painted 2D artwork, traditional frame-by-frame animation and action-oriented game design. The studio developed games for PC and consoles using Unity, with capabilities spanning concept art, animation, gameplay design and interactive systems programming.

Its flagship production, Death or Treat, was a 2D action-roguelite and hack-and-slash platformer released in 2023. Set in HallowTown, the game takes players through themed environments populated by enemies that parody corporate culture. Hand-drawn character animation and illustrated scenery shaped its visual identity, pairing a Halloween-inspired setting with fast-paced combat.

The project reached PC through Steam and consoles including PlayStation 5, PlayStation 4, Xbox Series X/S and Nintendo Switch. Publishing partnerships with Hawthorn Games and Perp Games supported its distribution in digital and physical formats. A playable demo also appeared during Steam Next Fest before the full release.

The studio's operating history ended following financial difficulties. Its Spanish legal entity entered insolvency proceedings in 2024, and a Madrid commercial court concluded those proceedings on June 25 because available assets were insufficient. The resulting registry action was published in September 2024, and development operations ceased. The studio's official domain subsequently redirected visitors to the Steam storefront for Death or Treat.