Just saw this on various news sites. wow, what a bummer. It seems like the shit has really hit the fan though. I mean, when a company goes down, this is probably one of the worst case scenarios. Legal battles, loss of all I.Ps, entire staff let go, and a promising title (Mythos) is up in the air.
Flagships's Community Manager, Taylor Balbi, has revealed, through sources, that all Ping0 and Flagship Studios staff have been made redundant. Employees were notified at a company meeting and subsequently informed that the offices will be officially closed on Saturday. Balbi went on to reveal that three of the studio's top brass dug into their own pockets to provide 30 days of pay to all employees.
So disgruntled ex-Blizzard guys leave to forge a new company to hopefully gain the same heights, but after one decent albiet flawed game, have gone belly up. There's no doubt they've gone some really talented people there, but heck, even I've heard about the problems and glitches that game has been having since launch. The GDAA had Dave Glenn (Art Director at Flagship) down for Game Connect: Asia Pacific who did a great presentation on Hellgate: London, and he used to do art on Diablo, so it's a shame to know that he's probably out of a job right now. I'm sure he'll find another studio to work for without a problem, though.
I haven't played the game, however. RPG's and all that aren't really my thing.