Texas-based independent studio Terminal Reality has reportedly closed its doors.
Follow-up comments from a number of now ex-Terminal Reality staff members appear to back up Sosa's claim. CVG has attempted to contact Terminal Reality's former PR agency for clarification.
The studio's official website notes: "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, when the studio put out a call out for focus testers for a "new game in our new digs".
Terminal Reality has developed over 25 games since its formation in 1994 and has also run a business licensing its Infernal Engine technology to other studios.
Prior to this year's Walking Dead title 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.