6 weeks ago, Microsoft announced their decision to kill Fable Legends, what was to be the latest in the Fable series of PC and Xbox games. The game had been in beta, but was delayed from a Fall 2015 launch until Spring of 2016, and then killed before it ever reached production.
Microsoft's initial announcement was that Lionhead Studios, the producer of Fable Legends, would be shut down, but then backtracked somewhat and consulted with employees of the studio as to whether or not they wanted to continue on.
After a few weeks of deliberation, the decision was made, and today is Lionhead Studios last day. Here's a statement Microsoft issued to Eurogamer.net confirming the closure after a nearly 20 year run:
"We can confirm that after much consideration over the six week consultation period with Lionhead employees, we have reached the decision to close Lionhead Studios. We have nothing but heart-felt thanks for the team at Lionhead for their significant contributions to Xbox and the games industry."
We'll have to wait and see if the Fable series attains cult status, but this is the end of the road for Fable and Lionhead.