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.

Early reports from Gamasutra had the move, which is happening in a French court, pegged as bankruptcy, but Dontnod CEO Oskar Guilbert is insisting that’s not the case.

“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.

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1 Comment on Remember Me Dev Dontnod Ent. Enters Judicial Reorganization

R.J.

On February 1, 2014 at 12:48 pm

It might not technically be bankruptcy under French law, but it still sounds really bad to say things like “resizing” which is obviously short for firing several staff members, and “judicial reorganization” suggests a situation that is more serious than a company simply deciding to cut back on some costs.