Staff were informed of the shutdown this morning, according to a reliable Kotaku source. Some 150 people were laid off, and both of the studio’s current projects—Star Wars: First Assault and Star Wars 1313—were cancelled. Disney will still use the LucasArts name to license games, but the studio is no more.

Very, very sad, and the end of an era in video games. While the LucasArts brand didn’t get started until 1990, George Lucas’ movie production company Lucasfilm produced games under the Lucasfilm Games label in the 1980s, for 8-bit computers of the era include Apple II. In addition to Star Wars games, LucasArts created popular adventure games like the Monkey Island series, Full Throttle and Sam & Max; military sims based on World War II scenarios and others.

LucasArts was acquired by the Walt Disney Company in October of 2012 when Disney acquired Lucasfilm.