Atlus faces resale/restructuring following parent company’s bankruptcy

Posted By: In: Console News, Gaming News, Handheld, Nintendo DS/3DS, Playstation 3, PSP / Vita On: 27 Jun

Atlus faces resale/restructuring following parent company’s bankruptcy

Atlus has managed to carve out a profitable niche for itself by producing critically acclaimed RPG’s like Persona and Etrian Odyssey, but now the company may be facing some hard times through no fault of their own. Today, Atlus’ parent corporation, Index Corporation, announced that it has filed for civil rehabilitation as the company faces bankruptcy.

According to CNET, Index is over 224 million dollars in debt. The company blames their financial problems on a number of attempts to expand business overseas that ended up not being as profitable as predicted. CNET says that the company’s president, Ochiai Yoshimi, may soon resign.

Index’s problems may trickle down to Atlus: in order to keep the company afloat, Index may have to sell Atlus off to a new owner or may “restructure” (translation: fire a bunch of people,) the company. In addition to Atlus, Index also partly owns anime studio Madhouse (Claymore, Trigun, Black Lagoon.)

While other Japanese publishers have struggled to adapt to changing trends in the gaming industry, Atlus has thrived by avoiding the unsustainable, over-inflated budgets of triple A development and has instead focused on creating games that appeal to the company’s small but dedicated niche of “core” gamers. It is currently unknown if Index’s bankruptcy will effect Atlus’ upcoming releases, such as Shin Megami Tensei IV for the 3DS in July, and Dragon’s Crown for the PS3 and Vita in August.

Representatives from Index and Atlus have yet to comment on the situation.

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  • http://www.igxpro.com/ Vinny Parisi

    Just a quick update for this story. Atlus CEO Naoto Hiraoka released the following statement:

    “Currently, Index Digital Media, Inc. and the ATLUS brand are unaffected
    by the Index Corporation proceedings in Japan. We’re carrying on
    day-to-day activities, business as usual. Shin Megami Tensei IV and Dragon’s Crown are still releasing on July 16 and August 6 respectively, and we’re licensing and publishing third-party titles such as R.I.P.D: The Game and Daylight. We want to thank all of our fans for their outpouring of support.”

    source: http://www.egmnow.com/articles/news/atlus-parent-company-announces-bankruptcy-puts-publisher-in-peril/

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