The Walt Disney Co. has closed down its Austin, Texas video game development studio Junction Point as a result of poor sales of its latest game, “Epic Mickey 2: The Power of Two.”

The Burbank-based entertainment and media conglomerate bought Junction Point in 2007 and harnessed the talents of its creative head Warren Spector and his team to bring Mickey Mouse into the digital age. While the studio’s first game, “Epic Mickey,” sold a respectable 1.7 million copies in the U.S. after its 2010 release, the follow up, which finds Mickey Mouse paired with Oswald the Lucky Rabbit, failed to attract players.

Since its release in November 2012, “Epic Mickey 2” sold less than 750,000 copies in the U.S. through Jan. 19, according to VGChartz, a website that tracks video games sales. More than half of the domestic sales were for the Wii platform.

In a statement released Tuesday, a Disney spokesperson said the closure of Junction Point was part of an overall change in the Interactive Games division.

“These changes are part of our ongoing effort to address the fast-evolving gaming platforms and marketplace and to align resources against our key priorities,” the statement said.

Shares of Disney closed Tuesday at $53.99, down 37 cents or nearly 1 percent in trading on the New York Stock Exchange.