Gamasutra: "Former employees of Ubisoft and Gameloft are launching a new independent studio together in Montreal called Trapdoor Inc.
The studio hasn't yet announced what its first title will be, but it is currently working on an original IP for the PlayStation 3, Xbox 360, and PC.
Though its debut went somewhat unnoticed, Trapdoor opened its doors in August, founded by Ken Schachter. Previously, Schachter worked as studio manager of Gameloft's Montreal branch for three years. Prior to that, he was chief technology officer at American Apparel."