Epic Games Closes Impossible Studios

Remember when Epic Games saved the dying Big Huge Games studio by forming Epic Baltimore, later renamed Impossible Studios? Well, less than a year later, the company known for the Unreal Engine has announced that they're closing the studio, though they'll apparently leave the logo and name to the devs in case they want to form a new company. On top of that, Infinity Blade: Dungeons is on hold:
We're closing Impossible Studios.

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.

In addition to providing Impossible Studios employees with 3 months of severance pay, we'll be giving the team the opportunity to form a new company with the Impossible Studios name and the awesome Impossibear logo.

This means that Infinity Blade: Dungeons is now on hold as we figure out the future of the project.

-Tim Sweeney, Founder, Epic Games

While I'm sure there's more going on behind the scenes I can't help but feel like these guys just have no luck at all.

Thanks, NeoGAF.