Mike Ryder, former president of Sierra Entertainment, forced a change in management in October 2001, during development of Lords of the Realm III. Rod Nakamoto was installed as the new director. Lords III became Impressions's final game, and was released to mediocre reviews in March 2004.
The studio was shut down in April 2004 when Vivendi Universal closed most of their game development studios. Many members of the studio moved on to form Tilted Mill Entertainment.
Former notable employees of Impressions include Chris Beatrice and Peter Haffenreffer, co-founders of Tilted Mill Entertainment and Simon Bradbury, founder of Firefly Studios.