Remember Me Dev Dontnod Ent. Enters Judicial Reorganization
Dontnod Entertainment, the developer behind 2013′s Remember Me, has gone into a form of court-supervised financial retooling.
“There are some rumors about the bankruptcy of Dontnod. There is no bankruptcy, Dontnod is not in bankruptcy.
We are in something called in France ‘judicial reorganization’ which allows us to re-adapt our production pipeline to the new situation…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 reorganization.”
Judicial reorganization calls for a court-appointed overseer to manage costs and pay down any outstanding debts, to put it simply. There are some similarities between Judicial reorganization and bankruptcy, but Judicial reorganization appears to be less severe. As far as we can tell, there is no liquidation stage, so none of Dontnod’s assets are being sold off, which would point to some sort of severe bankruptcy.
Guilbert also stated that Dontnod Entertainment is in publishing negotiations for its next project.