Former members still allowed to use the name and logo for future company.
Epic Games Founder Tim Sweeney stated that, “When former members of Big Huge Games approached Epic last year, we saw the opportunity to help a great group of people while putting them to work on a project that needed a team. It was a bold initiative and the Impossible folks made a gallant effort, but ultimately it wasn’t working out for Epic.”
Members of the team have however been provided with 3 months of severance pay and the option to form a new studio later with the Impossible Studios moniker and logo. Which admittedly is still awesome.
However, this development now means that the upcoming and hotly anticipated iPad action RPG Infinity Blade: Dungeons will be on hold as “we figure out the future of the project” according to Sweeney.