CCP, the Icelandic developer behind Eve Online, has opened a new UK-based studio in Newcastle. Sweet.
Focusing on console games, CCP Newcastle will collaborate with Shanghai-based CCP Asia on the excellent-looking Dust 514, an MMO shooter that will link with the Eve Online universe.
"The decision to establish a UK studio was an easy one for CCP," said Richard Smith, CCP Newcastle's new technical director.
"The North East has a distinguished heritage of game development, an experienced console-development talent pool and local universities producing exceptional graduates.
"We have been able to assemble a world-class team of console developers with unparalleled Unreal Engine expertise and integrate them with CCP's global organisation."
It's not all doom and gloom after the axing of the UK tax break then?