Impossible Studios, the creators behind the upcoming Infinity Blade: Dungeons title, has just been shut down by Epic Games. Epic’s founder Tim Sweeney released a statement on the Epic Games website, with the following message:

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

We here at DualShockers gives our condolences to the people at Impossible, and wish them luck in their new endeavors.

For more news, stay tuned to DualShockers.com.