Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
February 25, 2017
arrowPress Releases






If you enjoy reading this site, you might also want to check out these UBM Tech sites:


 Persona  dev Atlus' parent company files for 'rehabilitation'
Persona dev Atlus' parent company files for 'rehabilitation'
June 27, 2013 | By Mike Rose

June 27, 2013 | By Mike Rose
Comments
    11 comments
More: Console/PC, Business/Marketing



Index Corporation, the Japanese company that owns video game developer and publisher Atlus, today announced that it is filing for 'rehabilitation'.

The decision was settled on during a meeting with the company's board of directors today, and approved by a Tokyo District Court. Index has filed for Civil Rehabilitation, the Japanese equivalent of the Bankruptcy procedure.

Under this procedure, the company will continue to operate, while a court appoints a supervisor to oversee the implementation of the rehabilitation plan.

Index says that its expected revenues for the last few years have not risen in the way that it was expecting -- especially in overseas markets -- and as a result it has incurred heavy losses, and the company's financial condition has worsened.

With debt totalling 24.5 billion yen ($$249.7 million), then has now led to uneasiness from suppliers, says the company.

Atlus was previously dissolved into parent company Index Holdings back in 2010. The studio is best known for role-playing game series Shin Megami Tensei, and the Persona spin-off franchise.


Related Jobs

Cignition
Cignition — Palo Alto, California, United States
[02.25.17]

Gameplay Programmer
Lionbridge Technologies
Lionbridge Technologies — Bellevue, Washington, United States
[02.25.17]

Sr. Business Development Director--#2525
DreamSail Games
DreamSail Games — New York, New York, United States
[02.24.17]

Game Designer
Hangar 13
Hangar 13 — Novato, California, United States
[02.24.17]

TECHNICAL DESIGNER









Loading Comments

loader image