Following the cancellation of the space-based MMO by NCSoft, Texas-based Spacetime Studios has now bought the IP from the company and the game will now go ahead as planned.

When NCSoft cancelled the project in January, which they had been working on for two years, there was a complete MMO engine networking infrastructure, tools suite, and next-gen rendering engine set in place. Blackstar now fully owns the rights to those materials.

The new “Blackstar Chronicles” development underway is a space fantasy combat game based on the single-player traditions of “Wing Commander” and the multiplayer feel of “Descent.” “The Blackstar Chronicles is a very powerful product,” said Jake Rodgers, art director and co-founder of Spacetime Studios. “The Blackstar universe has the potential to be something special and it’s great that we are able to bring the IP to fruition.”

We'll have more details on the new MMO as they arrive.