The Walt Disney Co. has cancelled the Disney Infinity line, taking a $147 million charge and closing Avalanche Software.
“Despite Disney Infinity‘s quality, it has become difficult to financially justify continued investment given the lack of growth in the toys-to-life market,” an internal memo sent to employees read. “Coupled with high development costs, the economics of our current vertical business model no longer add up.”
Disney Infinity will see two final retail releases, with characters from Alice Through the Looking Glass and the Finding Dory Play Set hitting shelves in June. After that, Disney Infinity and its associated toy-line are done, though Disney will continue to license its characters to other companies for use in games such as Star Wars: Battlefront.
“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,” Disney said in an official statement. “We hope you had as much fun playing the game as we had making it.”