Flagship Still Flying
Jul. 16
When the news broke Friday that Flagship Studios had fired most of its employees, we all assumed the developer was sunk. Later that day, Hanbitsoft seemed to intimate that they were going to take control of Mythos, and that Comerica would call in the marker on Hellgate: London. Yesterday Flagship CEO Bill Roper released an announcement letting the world know that Flagship is still alive, if not still afloat. They have dug deep and found the funding to keep their doors open, even if the building is empty.
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.
[via Voodoo Extreme]
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Comments
So, in essence, he is saying that the company still exists, but now it has been condensed down to 5 guys sitting in a dark and empty room, talking about how they "sooo had Blizzard's ass kicked" until Diablo 3 was announced.
Of course, I could be wrong on that, but it's an amusing mental image.
Well, if they still have their IP then it's vaguely possible they could get investors on down the line, or sell it to some bigger publisher.
Until that happen's, Art's scenario is probably the likely one. I imagine a lot of heavy drinking, too.
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