The collapse of 38 Studios and Big Huge Games, after the commercial failure of Kingdoms Of Amalur, left a lot of game developers completely out of work. Which is not a good situation to be in. But all is not lost, thanks to the need for Epic to expand. In a letter written by Mike Capps, the company explains that they need lots of talent, and consequently they're jumping right in with both feet and hiring a bunch of Big Huge Games folk: "The way we see it, there’s been a big storm in Baltimore, and we’re taking in a few of the refugees — as are the awesome folks at Zynga East, Zenimax Online, and other southeastern studios. Epic’s in a situation where we can do this, and it very clearly fits with our company values, so we’re going to give it a whirl."
So that's a new Epic studio in Baltimore, working on something owned by Epic, starting, well, right now.