Update on Flagship Studios Situation

By Maarten Goldstein, Jul 15, 2008 6:27pm PDT

Flagship Studios today denied recent stories that is has closed, saying that it is still in business - though it did have to lay off most of its employees.
In a statement, CEO Bill Roper had this to say,

"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. The past five years have been an incredible experience for us, but unfortunately, we couldn't sustain the size of the company any longer."

The company also notes that it still owns the rights to Hellgate: London and Mythos, something that is being disputed by Korean partner and investor HanbitSoft.
Because of its current situation, Flagship will no longer bill Hellgate: London players, nor will it take on any new subscribers for the game. No update was offered on the status of Mythos.

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  • "However, the core management and founding team members are still at Flagship."

    Yeah, these are the people who were responsible for horribly misjudging the scope of their project in relation to their financing. They could have made a great AA game if they had the common sense. Instead they went for AAA with AA monies and it shows in every aspect of the game.

    I suspect they added up the numbers and realized that Hellgate subscriptions were never going to cover the ongoing cost of their mediocre MMO content model and pulled the plug on the whole thing.