Lionhead Studios is officially closed, a development that was expected after the recent news that Fable Legends was closing down. As noted on Eurogamer, there are a number of tweets on the topic from now-former employees of this studio founded in 1996 by Peter Molyneux, and they also have a confirmation of the news in a statement from Microsoft:

"We can confirm that after much consideration over the six week consultation period with Lionhead employees, we have reached the decision to close Lionhead Studios. We have nothing but heart-felt thanks for the team at Lionhead for their significant contributions to Xbox and the games industry."