According to several outlets including CVG, Texas-based development studio Terminal Reality is believed to be closing its doors. Former Terminal Reality employee Jesse Sosa said in a Facebook post that the studio "seems to have finally shut down," and follow-up comments on the post from a number of now ex-Terminal Reality staff members appear to back up Sosa's claim.
The studio's official website reads: "We are doing renovations - we will be right back. In the meantime, please visit our Facebook Page." Terminal Reality's Facebook page hasn't been updated since October and its Twitter account hasn't been updated since March when the studio's last game, The Walking Dead: Survival Instinct, launched on consoles and PC.
Terminal Reality has developed over 25 games since its formation in 1994 and has licensed its Infernal Engine technology to other studios. Prior to the Walking Dead game, the studio made Kinect Star Wars, Def Jam Rapstar and Ghostbusters: The Video Game. Older Terminal Reality games include Nocturne, BloodRayne and Monster Truck Madness.
We'll have more on this story as it becomes available.