Beautiful Game Studios is a computer game development studio based in London, England. The studio is an internal development team within Square Enix and was set up in late 2003 by Eidos Interactive to develop the Championship Manager series. Their latest game is Championship Manager 2010 released on September 11 2009.
On November 25, 2009, Square Enix Europe confirmed that Beautiful Game Studios would undergo restructuring to "to build a successful commercial future for the Championship Manager brand". Up to 80% of jobs were cut or relocated to Eidos Shanghai in a cost-cutting exercise, while Roy Meredith would continue to lead the studio. Development of the Championship Manager series will however continue.
On February 2nd 2010, Jadestone Group, co-developers of Championship Manager Online with Beautiful Game Studios, announced the game would close on April 30, 2010 and that the decision was made by the games' owners Eidos Interactive.
On the 11th June 2010, it was announced that a game would not be released for the 2010/2011 season, claimed that they "have been actively looking at ways to re-focus our vision for the franchise and redefine our business model". The said; however, that "we will also be announcing several new Championship Manager titles over the course of the coming season". This includes a new iPhone version of the game, after the success of the 2010 version.
Source: Wikipedia, "Beautiful Game Studios," available under the CC-BY-SA License.