Update: An internal email that was obtained by Kotaku reveals that Steve Anthony will be leading the new project, codenamed Ragtag. It also says that “the assets … that have already been built will be the foundation of this new game.”

Original Story:

Electronic Arts has announced that they are closing down Dead Space developer Visceral Games. The studio, formerly known as EA Redwood Shores, has been a mainstay of the publisher since 1998. Throughout its history, it developed high-profile games such as the Dead Space series, Battlefield Hardline, Dante’s Inferno, and The Godfather.