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Untitled Studio

Independent studio based in Serbia and the developer of Blacksmith Master, which entered Early Access on May 15, 2025 with publisher Hooded Horse.

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  • studio-profile
  • untitled-studio
  • blacksmith-master

What Untitled Studio is

Untitled Studio is a small independent developer of management games, based in Serbia and founded by Luka Glavonjić. Its own press kit states that the studio makes small worlds that players run, build and improve, and that its first release shipped in November 2021 as a self-published title. The studio reports that its games have been played by more than one million people in total.

The studio publishes a fact sheet for press use, with key art, logos and screenshots offered free for articles, reviews and videos, and it states that creators may record, stream and monetise video of its games without a separate licence or prior permission. Roles at the studio are not broken out publicly; the press kit names Glavonjić as its founder and gives a press contact address.

The studio also lists what it does not do: it holds no external publisher for its earlier title, which it self-published, while the newer game has an outside publisher. The site presents the studio as small and independent rather than part of a group, and its pages give no parent company, investors or corporate owner. Community links and a press contact address are published directly by the studio.

Blacksmith Master

Blacksmith Master is the title listed under the studio in our database. The studio describes it as a medieval management and simulation game in which the player runs a smithy and supervises the whole process, from mining ores and gems to designing and selling finished products, forging weapons, armour, tools and cooking utensils to fund the business.

The game entered Early Access on May 15, 2025, according to both the studio's press kit and its Steam listing. It is published by Hooded Horse, the studio's outside publishing partner, and is available for Windows, macOS and Linux or SteamOS through Steam, GOG and the Epic Games Store. The listed price is 19.99 US dollars, 17.99 pounds or 19.99 euros.

How the studio presents the game

The press kit lists 17 supported languages for the game and gives its genre as management, simulation and base building. It also records the game's reception as Very Positive on Steam based on user reviews. The Steam listing for the game shows recent reviews at Very Positive, with a percentage of positive votes in the low eighties across recent and English-language reviews.

The studio maintains a community Discord server for the game and links to it from the press kit. It also keeps a separate fact sheet for its earlier release, listing platform and store availability for both games in the same document. The studio's site summarises its catalogue as two released games available on Steam, GOG and Epic, with shipping dates running from 2021.

The press kit also collects coverage and records that the game was reviewed by PC Gamer, DBLTAP, Game8 and Try Hard Guides, quoting one review line about the game's early access state. For the studio's earlier release it reports 91 percent positive ratings across more than 13,000 Steam reviews, and it notes that an expansion for that game shipped in November 2024.

Games

Questions people ask

Who publishes Blacksmith Master?

Hooded Horse publishes Blacksmith Master. The studio's press kit lists Hooded Horse as publisher and Untitled Studio as developer, and the same split appears on the game's Steam listing.

Where is Untitled Studio based?

Serbia. The studio's press kit states that the studio is based in Serbia and was founded by Luka Glavonjić.

When did Blacksmith Master release?

Blacksmith Master entered Early Access on May 15, 2025, according to the studio's press kit and its Steam store page.