In an unfortunate move, British-based developer Free Radical has closed its doors today.
The well-renowned studio, whose games included Time Splitters and Haze, encountered some problems this morning with employees locked out of their offices in Nottingham - a meeting held later in the day ended with the company's imminent closure, according to Kotaku.
Sources place the blame on the poor reception for the PlayStation 3 exclusive Haze and the apparent cancellation of Star Wars Battlefront 3. Unless things change, it also marks the end of the much-loved Time Splitters franchise.
There may be hope, but it's not looking good for the company - who are now in an administration period.
We will be spending the next three or four days assessing the financial position of the company but it's business as usual, although we have asked that almost all of the employees apart from a skeleton crew remain at home.
All employees have been paid up until the end of December and we hope to make another announcement before Christmas or very soon thereafter, but we must stress at this stage that it's business as usual.
Cameron Gunn, Resolve Partners