Update:

Disney has now confirmed the news, issuing the following statement:

"It was with much sadness that we informed our teams today of changes to our Games organization, which include the closure of Junction Point Studios. These changes are part of our ongoing effort to address the fast-evolving gaming platforms and marketplace and to align resources against our key priorities. We're extremely grateful to Warren Spector and the Junction Point team for their creative contributions to Disney with Disney Epic Mickey and Disney Epic Mickey 2."

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Epic Mickey developer Junction Point has reportedly closed. The news comes via the Twitter account of Roberts Space Industries (the crowdfunding platform behind Chris Roberts’ upcoming Star Citizen), which wrote “Fare-the-well Junction Point! We hope that you all find new studios soon!”Reports circulating earlier this month suggested that sales of Epic Mickey 2 were significantly lower than the original , prompting speculation about the future of the studio. 3D Realms co-founder George Broussard tweeted “the Junction Point rumors have been circulating a while. Warning signs when you give employees 2 months off after shipping.”We’ve reached out to Disney for official confirmation and will update this story with any additional info we receive. IGN wishes the best of luck to anyone affected by the news.

Roberts Space Industries has removed the tweet in question, tweeting instead that "Our posting about Junction Point was based on a story by mynintendonews.com this AM. CIG has no inside info on their status."This story will be updated once we receive a statement from Disney.

Andrew Goldfarb is IGN’s associate news editor. Keep up with pictures of the latest food he’s been eating by following @garfep on Twitter or garfep on IGN.