Kotaku Australia says that a source from the Visceral Studios location in Melbourne, has informed staff that the studio will be closing on Monday.

-Rumor Alert- Visceral Studios to Close on Monday Sept 19th?According to the source, who prefers to remain anonymous, Visceral Games had been working on a AAA game for the Xbox 360 and PS3 for the past three years until new management pulled the plug on the project and the studio. The source says that Patrick Soderland from Dice, who is now the vice president of EA’s Games Label, decided that the game would not be profitable and decided to can the project and the studio.

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Source: Girl Gamers UK