Impossible Studios was formed after the 38 Studios-Big Huge Games debacle that led to both studios shutting down under the guidance of ex-Major League pitcher Curt Schilling. Epic Games picked up Big Huge Games around June, granting a second act for the ailing game development studio. "They wanted to start a new company and keep together some of the key talent displaced by the layoff, and hoped that they could use an Epic IP as a starting point for a new game," Epic Games President Michael Capps wrote on the company's site at the time.
Gamasutra reports that Chair Entertainment will also be working in conjunction with Impossible Studios on "Infinity Blade: Dungeons," the latest in the "Infinity Blade" series of mobile titles. The second game in the series, "Infinity Blade II," received near-perfect scores from Gamespot and IGN, two of the more respected names in gaming journalism. "Infinity Blade: Dungeons" is set for release later this year, according to Joystiq.