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Microsoft announced a couple of very sudden doses of bad news today. First is the announcement that Fable Legends has been cancelled. That's the "less bad" of the bad news for today. However, obviously related to that is the second piece of big news: Lionhead Studios and Press Play Studios are being shut down. This news comes quite suddenly, especially given that Fable Legends was updated just four days ago with an email sent out to testers just three days ago explaining the new changes.

Here is what Microsoft has to say about the closure of Lionhead in the UK and the Press Play Studios in Denmark.

We wish the best of luck to all of those employees that are affected by these closures.