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Breaking: Flagship Studios to close today, says report

Saturday, 12th July 2008 11:35 GMT By Patrick Garratt

According to this Voodoo Extreme report, all Flagship Studios staff have been laid off and the Hellgate developer’s office will be officially closed down today. From the piece:

Word of the studio closure reached Korean distributor HanbitSoft, leading to the release of a statement regarding intellectual property control and the subsequent clarification by their American lawyers that included the following sentence: “It is unfortunate that Flagship turned down additional investments HanbitSoft offered to make that would have allowed it to keep its doors open.”

It would now appear that the firm has completely run out of steam, will all staff fired, IP lost, offices closed.

Flagship Studios: we salute you.

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7 Comments

  1. patlike

    :(

    #1 7 years ago
  2. Robo_1

    Sad news indeed. Is Hellgate worth a punt?

    #2 7 years ago
  3. Whizzo

    No, Hellgate really was bad enough to kill a game studio.

    It’s also the only game I can remember that required you to use the disc to uninstall it too!

    Perhaps what’s happened to Flagship will act as a warning to future companies who release shoddy games?

    #3 7 years ago
  4. patlike

    As has just be mentioned to me: “It’s all about poor management. They had no design document, numerous high-paid managers, used their IP as security against loans, overspent, rushed the game out, and then never recouped any of it.”

    Pretty conclusive, really.

    #4 7 years ago
  5. Crowe

    What does this mean for Mythos then? That looked like it was shaping up well :(

    #5 7 years ago
  6. patlike

    Honestly no idea. It can’t bode well, though, considering they haven’t got any staff any more.

    #6 7 years ago
  7. SwiftRanger

    Hopefully Hanbitsoft enlists the Mythos peeps to continue working on it. Another ex-Diablo II developer group closing (Castaway is dead too now I guess, Click Entertainment as well), ArenaNet and L5 games are the ones that remain. Place your bets on the next one who is going down. :(

    #7 7 years ago

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