The company was established after the original Telltale Games filed for assignment in October 2018 and were forced to shut down and sell off assets.

The Walking Dead helped Telltale establish major licenses from other franchises, among which included Batman and the Fables comic.

However, after a few major deals fell through in September 2018, Telltale announced its immediate closure, cancelling all current projects, and by October 2018, had filed for assignment.

[4] Several of the licensed properties were taken back by the IP owners; notably The Walking Dead games were acquired by Skybound Entertainment, and the company brought in much of the former Telltale staff to complete The Final Season in 2019.

[7] Subsequently, the company took over the current publishing support of those games it has acquired the license to for digital platforms such as Steam.

Ottilie stressed that he had no ties with any of the former Telltale management, nor was in a financial position to meet some of these demands, stating "we cannot right the wrongs of the former company".

"[11] To avoid the issues that plagued the former Telltale, Ottilie said that they will be making sure their business practices are sustainable, not growing too fast to be able to manage costs better.

[18] In October 2023, Telltale confirmed they had laid off some of their employees "due to current market conditions", but that planned games still remain in production.