Fable Legends Cancelled, Lionhead Shut Down?

The video game world was rocked today with the announcement that Fable Legends was being cancelled, and that there was a potential closure of Lionhead Studios all together. This will come as a shock since Legends was already in BETA form and the team was rolling out updates, one coming even as late as Friday of last week.

From Lionhead:

“We are incredibly fortunate to have the talent, creativity and commitment of the people at these studios. The Lionhead Studios team has delighted millions of fans with the Fable series over the past decade. Press Play imbued the industry with a unique creative spirit behind games like Max: The Curse of Brotherhood and Kalimba, which both captured passionate fans. These changes are taking effect as Microsoft Studios continues to focus its investment and development on the games and franchises that fans find most exciting and want to play.”

Corporate had been discussing closure plans with employees of Lionhead Studios recently as well. We will have more on this story as it develops.