Today is the last one for Lionhead Studios, the famous and ambitious UK game developer team that brought the Fable and Black & White series to the world.

Lionhead was acquired by Microsoft Studios in 2006 — and after 10 years, Microsoft announced it would be canceling Lionhead's Fable Legends game and potentially closing the developer altogether.

"These changes are taking effect as Microsoft Studios continues to focus its investment and development on the games and franchises that fans find most exciting and want to play," Microsoft Studios Europe general manager Hanno Lemke wrote in the announcement.

Lionhead Studios was founded in 1996 by Peter Molyneux, creator of Infamous and Syndicate. Molyneux came up with the concept of award-winning strategy game Black & White, where you played as a god that watches over and controls villages. It spent three years in development and was released in 2001.

Fable, an award-winning RPG that lets you choose whether you're a hero or villain, came out in 2004, followed by Black & White 2 and Hollywood simulator The Movies. Since then, Lionhead primarily focused on Fable sequels and spin-offs, with a few other projects ending up being canceled before release.

SEE ALSO: 10 of the most stupendous physics fails in gaming

Molyneux left Lionhead and Microsoft in 2012 after Fable: The Journey was completed. The now-canceled project Fable Legends was going to be a sort of revival of the series, which will likely never have a new installment.

Lionhead Studios employees have been sharing memories and saying goodbye to their company on Twitter.

Lionhead Studios closing today... Very emotional even though I left in 2011. But once a lion... #riplionhead pic.twitter.com/JyH7JXCyzg — Georg Backer (@georgbacker) April 29, 2016

This is a very sad day for the games industry, not just as a Lionhead employee but as a huge Fable fan. #RIPLionhead — Amie McKenzie (@LH_Amie) April 29, 2016

A Microsoft spokesperson told Mashable in March that it is working with the team at Lionhead and Press Play — another closing developer — to find work opportunities following their closures.

"We remain committed to the development communities in the UK and Europe, and will be working with those affected by today’s news to find new opportunities at Microsoft or in the gaming industry should they desire."

Have something to add to this story? Share it in the comments.