Hellgate London Developer Shut Down

Just days after Flagship Studios co-founder said their next game, Mythos, was on track, the studio has closed its doors. Hellgate was stated to be a financial burden for the company according to the interview, and was apparently enough of a problem to cause the closure.

A Korean studio HanbitSoft will supposedly be taking over Hellgate and any future additions or changes. However, Flagship is fighting to keep control of the IP stating HanbitSoft has no right to it. To make things more complicated, HanbitSoft has fought back to the latter statement providing proof that Flaghship has no IP rights to the title. Hanbitsoft’s full statement after the break.

“(1) HanbitSoft is an exclusive licensee of both Hellgate and Mythos in Asia, with rights to sublicense the games; (2) in addition, HanbitSoft is a secured creditor who has been pledged the Mythos (but not the Hellgate) intellectual property as collateral for a loan; (3) Comerica, another secured lender, has been pledged the Hellgate intellectual property as its collateral for a loan; (4) Flagship Studios does not currently own the intellectual properties to either game, which are held in separate companies subject to the security interests of lenders, and Flagship Studios’ interest in those companies is also pledged to its lenders; (5) it is unfortunate that Flagship turned down additional investments HanbitSoft offered to make that would have allowed it to keep its doors open, but HanbitSoft hopes to work with Comerica and some of the team at Flagship to see if there is a way to continue to generate content to keep Hellgate online in Asia and to finish the development of Mythos.”

Flagship may not have a fighting chance with this one.

Layoffs Confirmed At Hellgate Developer Flagship - [Gamasutra]

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