We've received word from several sources this morning that Australian games and DVD distributor Red Ant has gone bust and fallen into receivership. If this rumour is true, it may throw the future of local releases from Capcom, Bethesda, Konami and Midway into doubt, as Red Ant currently has distribution agreements with all four publishers. Given Capcom's upcoming release slate - Street Fighter IV, Bionic Commando, Resident Evil 5 are all due before the end of March - that's an especially worrying prospect. We've contacted Red Ant for comment and will update as soon as we hear anything further.
Check here for an update.