Bandai Namco announces the liquidation of Reflector Entertainment
, by Enzo
Unfortunately, this is no longer rare news in the video game industry. Liquidations and waves of layoffs have become commonplace, and now it’s Reflector’s turn, a company acquired by Bandai Namco in 2020. A document filed today confirms a Notice Regarding the Dissolution and Liquidation of Its Consolidated Subsidiary.
Presumably, only one game has been released since the acquisition: Unknown 9: Awakening. The game was relatively poorly received by both the gaming press and the gaming community. On Metacritic, the game received scores of 59/100 and 2.0/10, respectively. Furthermore, the Reflector Entertainment website suggests that a game is (or was) in development.
The decision to liquidate Reflector Entertainment follows an audit of the company, which confirmed that this acquisition is not considered profitable for Bandai.
"Reason for dissolution and liquidation: The Group continuously reviews its business portfolio and internal development structure to ensure its medium- and long-term growth and to increase its value. This decision follows a thorough review of future business plans, the additional investments required, and the prospects for profitability and business development."