Flagship Studios Not Dead

16 Jul 2008 at 01:19:15 by Paul Younger

The past week has been traumatic for Flagship Studios following news that the Studio would be shutting down and staff be made redundant. While the latter is true, staff were let go, an announcement has finally been forthcoming from Flagship Studios this evening and it appears they are not deqd an buried as many suspected.

Flagship Studios has announced today that despite rumors to the contrary, the company is still operating.

“It is with deep regret that I must announce that Flagship Studios has laid off most employees. However, the core management and founding team members are still at Flagship.” said Bill Roper, CEO of Flagship Studios. “The past five years have been an incredible experience for us, but unfortunately, we couldn’t sustain the size of the company any longer.”

Flagship Studios owns the rights to all its technology and IP, including Hellgate: London and Mythos. Due to the current situation, Flagship will not be taking any new subscribers for Hellgate: London, and all current subscriptions will not be billed.

Flagship wishes to extend their heartfelt thanks to those that have supported the company and games over the past five years.

So the company has basically scaled back to reevaluate their position, and judging by the comments in this announcement, it appears they will be taking issue with HanbitSoft over the Mythos and Hellgate London IPs. HanbitSoft issued a statement a few days ago saying they had ownership of the Flagship IPs but it looks like there's still a lot to be ironed out between the two parties.

Rumours are now circulating that Flagship will continue but concentrate more on the casual game market but this has yet to be confirmed.

Subscibers and fans are still very unhappy with the situation and are not content with the above reponse as it is leaving players in limbo.

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