
Despite the fall of Flagship Studios, a new expansion pack for Hellgate: London is in development at Korean publisher HanbitSoft, who confirmed that it now holds rights to the action-RPG franchise.
The company noted that development is being done in its US studio and that it will be distributed through their own website. The update is meant to "surpass the Abyss Chronicles" content that was released earlier this year.

Before Flagship Studios, there was Blizzard North. Originally known as Condor, the Redwood-based studio was acquired in 1997 by Blizzard Entertainment. At the time, Blizzard North was hard at work on the development of the game that would be the cornerstone of everything that came after: Diablo.

IGN : Remember Hellgate: London? The dark fantasy action role-playing game came out in 2007 for PC, a year before developer Flagship Studios went bankrupt. Since then, various free-to-play and online revivals have come and gone. Now, 17 years after the release of Hellgate: London, it’s back.
I remember some friends and I all bought Hellgate: London day one because it was made by some original Diablo devs. We had fun playing it, good memories.

PC Invasion: Hellgate: London is back on Steam, but it's not what you expect it to be. It's a single-player game in the vein of Asian MMOs.
Only their mother is gonna buy it. Fvck u Bill Roper n Fvck your couch. Yeah yeah i know Billy boy doesn't work there no more but still Fvck HIm!
Good. Hopefully, it’ll also allow people to easily have multiplayer games via TCP/IP or some such peer-to-peer connection, and people who still support the game still have something to look forward to.