Due to a financial loss, Disney is cancelling its games division and effectively discontinuing the "Disney Infinity" line of video games, which included tie-ins for Marvel and "Star Wars", among several other of the company's properties.
RELATED: "Disney Infinity 3.0" Developers Explain Why "Marvel Battlegrounds" isn't "Civil War"
TheWrap reports that Disney's foray into gaming "never took off the way the company had hoped," despite the House of Mouse's wealth of characters at their disposal for video game adaptations.
They note that Disney is accepting a $147 million charge for its discontinuation of the division.
On the division's blog, "Disney Infinity" SVP & GM John Blackburn wrote, "Our goal for Disney Infinity was to bring the best of Disney storytelling to life in homes around the world, and with your support we accomplished that. We hope you had as much fun playing the game as we had making it."
The division, formally titled Disney Interactive Studios, was best known for the "Disney Infinity" line of sandbox-style toy-to-life video games -- inspired by Activision's "Skylanders" -- which involved the purchase of small figures to unlock characters and new challenges for each game. "Disney Infinity" launched in 2013 and was originally focused on characters from Disney films, before expanding in 2014 to include Marvel characters, and Star Wars properties in 2015.
RELATED: "Star Wars" Awakens to $1 Billion in Video Game Sales
In addition to the tie-in games, Disney released the racing games "Pure" and "Split/Second" under the division.
Before the division is officially shut down, "Disney Infinity" is dropping "Alice Through the Looking Glass" and "Finding Dory" tie-ins, set for a summer release.
Once Disney's game division is officially closed, the company will begin to license out its properties to third-party studios.