Update: "The company has entered judicial reorganization."
Answering reports of bankruptcy by Dontnod, CEO Oskar Guilbert has explained that company has actually only entered "Judicial reorganization."
In an interview with GamesIndustry International, Oskar responded to the bankrupcy story by saying, "There are some rumours about the bankruptcy of Dontnod. There is no bankruptcy, Dontnod is not in bankruptcy.
"We are in something called in France 'judicial reorganisation' which allows us to re-adapt our production pipeline to the new situation. Because as you know we finished a game called Remember Me for Capcom which was out in June 2013, last year. This game, I think it's important to mention, is number two in terms of downloads on PlayStation Plus in Europe, so it's a big success on the digital side at least.
"We started new projects and those new projects need some investment and we decided to resize the company in order to match these new needs. That's why we needed judicial reorganisation."
Through judicial reorganization, the studio can orderly make the changes (including downsizing) normal for developers with unset projects, but with judicial oversight. Unfortunately, the public association with bankruptcy can be devastating for a developer when shopping projects to publishers.
Source: GamesIndustry International
Original story follows:
Just as its premiere title 'Remember Me' becomes to set to reach its largest audience as part of February's PlayStation Plus additions, developer Dontnod files for bankruptcy. Multiple French media outlets have reported the filing by the French studio, though nothing as formal as a wholesale layoff has been described.
'Remember Me' was published by Capcom on the 360 and PS3 after Dontnod may significant changes to the game after struggling to find a publisher. The game's 2013 sales fell well short of a million copies, though Capcom has been mum on exactly how short.
Author: Brian Hoss