Welcome Stranger to OCC!Login | Register

Update: DONTNOD CEO Says "There is no Bankruptcy"

Category: Gaming
Posted: 02:40PM

Earlier today, I reported that several sources claimed that Remember Me developer DONTNOD Entertainment filed for bankruptcy in France. It now seems that the reports may have been lost in translation.

Speaking to Games Industry this afternoon, DONTNOD CEO Oskar Guilbert said the company has not filed for bankruptcy and that "redressement judiciaire" is more of a "judicial reorganization." After the studio completed Remember Me, it needed to alter its production pipeline. According to Guilbert, "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."

While initial reports claimed "redressement judiciaire" was the French equivalent of bankruptcy, it's actually more like the last-ditch effort taken to prevent having to file for bankruptcy. A Judicial Administrator oversees "the running of the company focusing on sustainability, settling liabilities and managing labour costs." This process has allowed DONTNOD to reduce its costs in a more flexible way, according to Guilbert.

While this is obviously still not great news, the silver lining is that DONTNOD is indeed working on a new project, though Guilbert is not ready to disclose the details. In addition, he says the studio is in "very close negotiations [...] with one of the top publishers." Here's hoping the new project involves Neo-Paris in some way!

Source: Games Industry

Register as a member to subscribe comments.

This news has comment postings disabled because it is now archived.

© 2001-2018 Overclockers Club ® Privacy Policy
Elapsed: 0.3948948383   (xlweb1)