It was only a month ago when our own PC editor Justin Villesenor spoke with Flagship Studios programmer Guy Somber in regards to a post he made on his blog that made it sound as if things were looking dismal for the future of the studio. Somber described the state of things as "business as usual" after being questioned, and people assumed things were fine and went off to scrutinize other industry nooks and crannies.
Sadly, it seems all the statements were no more than just words -- Flagship's community manager, Taylor Balbi, revealed to VE3D today that Flagship and Ping0 has been officially shut down. Employees were informed at a company meeting that the studio's last day of operation would be Saturday, July 12th. Balbi also revealed that three higher-ups helped pay the final 30 days salary for all employees out of their own pockets.
A Something Awful forum user by the name of GLC came forward with comments, claiming to be a former Ping) employee. Hit the jump for his words on the situation and more.
Worst of all, it seems that they possibly could have been saved, but chose not to grasp the rope. Word of the closure reached HanbitSoft, which resulted in a press release regarding control of the Hellgate: London intellectual property. The release also mentions Mythos (which HanbitSoft owns the rights to), which they plan to continue development on.
It's always shocking and rather sad to see a company go down in flames like this. If you want to dig deeper, check out the official Hellgate forum.
[Via Hellgate Guru -- Thanks, Lark]