Disney shuts down LucasArts, cancels Star Wars 1313, Star Wars: First Assault [UPDATE]

Shocking news: Disney has shut down LucasArts and has cancelled Star Wars 1313 and Star Wars: First Assault.

This news is breaking, so expect more information later in the day.

[UPDATE: According to Variety, only a small staff will be kept on to support LEGO Star Wars and such.

“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,” LucasArts said in a statement. “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.”]