Disney Shuts Down LucasArts Video Game Company

It's official.

Disney has $4.

The Mouse House announced today that it will be laying off all 150 people at the game publishing division of Lucasfilm.

Current projects, "Star Wars: First Assault" and the much-hyped "Star Wars 1313" have been cancelled.

Here's the official statement:

"After evaluating our position in the games market, we've decided to shift LucasArts from an internal development to a licensing model, minimizing the company's risk while achieving a broader portfolio of quality Star Wars games. As a result of this change, we've had layoffs across the organization. We are incredibly appreciative and proud of the talented teams who have been developing our new titles."

Disney $4 for $4 billion.

Last month, Lucasfilm announced it was $4, "Star Wars: The Clone Wars," and was delaying Seth Green's future animated series, "Star Wars Detours."