Bandai Namco Holdings announced on November 10 that it has handed a call to dissolve and liquidate recreation firm Reflector Leisure.
Finest recognized because the developer of Unknown 9: Awakening, the Canada-based studio was acquired by Bandai Namco Leisure in September 2020, changing into a consolidated subsidiary. By leveraging the studio’s improvement capabilities, Bandai Namco had aimed to spice up its portfolio of domestically developed console video games for the Americas and Europe.
Nevertheless, after “a assessment of future enterprise plans, needed further funding, and the potential of profitability and enterprise continuation,” Bandai Namco says it has determined to close down Reflector Leisure. Liquidation is anticipated to be full as soon as needed authorized procedures are accomplished domestically, with no set scheduled introduced but.
Again in 2024 (after Unknown 9: Awakening’ failed to satisfy expectations), Reflector had announced that it will be shedding 18% of its employees as a part of restructuring efforts, whereas remaining employees had been assigned to a challenge associated to an current Bandai Namco IP.
Bandai Namco expects to file a rare lack of 21 million euros (roughly $23.5 million USD) on account of Reflector’s termination.