What We Heard: Things weren't looking too good for Melbourne-based Transmission Games after the news earlier this month that the developer had laid off 28 staff members after an unnamed publisher pulled support for one of the studio's titles.
Now news has surfaced that Transmission Games has shut down completely, with the remaining staff being made redundant.
News reports are claiming the studio has now gone into receivership, with an appointed administrator taking over.
The Official Story: Calls to the Transmission Games office and to the CEO, Mike Fegan, were not returned as of press time.
Bogus or Not Bogus?: A Transmission Games spokesperson has confirmed the reports are true.
[UPDATE]: GameSpot AU got in touch with Transmission Games, who confirmed that the studio has gone into voluntary liquidation. However, a Transmission Games spokesperon said the studio was not yet ready to make an official statement.
Stay tuned to GameSpot AU for more information as it comes to hand.