This is true! But I think the “good” (?) news there is Annapurna Studios is not going anywhere, and they retained all the IP their subsidiary holds. Sucks for the former Annapurna Interactive folks that they can’t bring the IP with them, but c’est la vie.
You may be interested in https://github.com/blastbeng/subtify Disclaimer: I’ve never tried it, just saw it recently on The Forbidden Site