The former Flagship Studios team behind massively multiplayer online role-playing game Mythos has reformed as Runic Games, and the new studio says it'll work on adding new, unrelated MMORPGs to its development slate.

Formerly Flagship Studios Seattle, the team was caught up in the layoffs resulting from the collapse of the parent company last month. The Mythos beta servers were closed down, and the rights for both it and Hellgate: London passed to Asian publisher T3 Entertainment.

Runic Games will be headed by former project director Travis Baldree and executive producer Max Schaefer. Baldree was also responsible for action role-playing game FATE, and in addition to being one of Flagship's original founders, also was one of the original Blizzard North founders.

Although Runic Games has not yet announced details of its new game, a statement on the studio’s website indicates that it will be in the action role-playing/massively multiplayer online genre. Further announcements are expected in the "coming days".

[The preceding article by David Jenkins originally appeared on Worlds in Motion sister site Gamasutra.]