Speaking with GamesIndustry International, Dontnod Entertainment CEO Oskar Guilbert has dismissed reports claiming that the Remember Me developer is facing bankruptcy.
“There is no bankruptcy, Dontnod is not in bankruptcy,” he said, in part. “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.”
Judicial reorganisation involves a court-appointed Judicial Administrator that oversees the financial restructuring of companies struggling with debt, including settling liabilities and the managing of labor costs.
“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.”