Serebii Posted June 27, 2013 Posted June 27, 2013 http://japan.cnet.com/news/business/35033951/ Pretty sad. Have to hope Nintendo or Sony by Atlus, probably Nintendo. They'd be mad not to.
Ike Posted June 27, 2013 Posted June 27, 2013 Better be Nintendo, Atlus is [co]developing Shin Megami Tensei X Fire Emblem.
-Dem0- Posted June 27, 2013 Posted June 27, 2013 I hope so. Should speed up the release of their games in the EU too.
Happenstance Posted June 27, 2013 Posted June 27, 2013 Screw Nintendo buying them, I need Sony to for more Persona games.
Andyliini Posted June 27, 2013 Posted June 27, 2013 Nintendo would be the best choice all around, if they sell all their IP's as a whole. They'll probably just auction them, if things get to that. Besides, ponies cry could be interesting thing to read over Internets.
Jonnas Posted June 27, 2013 Posted June 27, 2013 Damn, this is quite sad. Atlus is the sort of developer I'd prefer to see stick around.
Cube Posted June 27, 2013 Posted June 27, 2013 It may just be a re-organisation http://www.neogaf.com/forum/showpost.php?p=66623206&postcount=50 Civil Rehabilitation LawThe Civil Rehabilitation Law was introduced in April 2000, replacing the Composition Law. The Civil Rehabilitation Law may be applied to all corporations and individuals, including joint stock companies, limited liability companies, medical corporations and educational corporations. The purpose of the Civil Rehabilitation Law is rapid rehabilitation before a corporate failure becomes more serious. The party applying the Law is normally an obligor. A creditor may also apply, however. The management rights rest with the former management in principle. However, there are cases in which a supervision order (supervision committee members are selected and given guardianship over a business owner) or an administration order (an administrator is selected and appointed and manages the business in place of the business owner) may be issued based on an application of an interested person or the official power of a court. The approval of a rehabilitation plan requires the approval of a majority of creditors present owed half or more of the amount of reported credits. If the approval of creditors with three fifths or more of reported credits is obtained, a procedure to investigate and determine credits may be omitted (simple rehabilitation). If approved by all of notified creditors, approval for a plan can be obtained immediately (approved rehabilitation). The tl;dr is that it's definitely a reorganization, rather than liquidation or absorption. Index will continue operating, under the ownership of some combination of current management and current creditors. Think, say, GM or Chrysler.
D_prOdigy Posted June 27, 2013 Posted June 27, 2013 Screw prudency, Cube, we have to discuss straight buy-outs. It must be Nintendo to both secure the production of SMT x Fire Emblem whilst simultaneously maximizing internet tears-of-salt levels. It is the only logical option.
Sheikah Posted June 27, 2013 Posted June 27, 2013 Persona > all else, by a country mile. Sony should buy them.
Dcubed Posted June 27, 2013 Posted June 27, 2013 (edited) This is probably coming about as a result of Index's recently discovered financial fraud (Round Tripping)... If any platform holder buys them, it has to be Nintendo. They'd be utter cretins to lose control over what happens with Fire Emblem X SMT... They have the most to lose out of any 3rd party if Atlus were to either go under, or get bought out by a rival (never mind the potential to lock up exclusivity on Atlus' IPs...) While there's a decent chance of Namco, S-E or Level 5 buying them (in that order of likeliness), Nintendo would stand to gain the most from an acquisition... Edited June 27, 2013 by Dcubed
Magnus Posted June 27, 2013 Posted June 27, 2013 Index can burn in hell, as long as Atlus land on their feet. It may just be a re-organisation Better the devil you know, I guess.
Happenstance Posted July 3, 2013 Posted July 3, 2013 The Atlus Brand Will Carry On, Says Japanese HQ Atlus's parent company is in trouble. It's being investigated and going through what sounds like bankruptcy. Scary times. But wait! The good news is that Atlus USA previously told Kotaku that it was "unaffected" by the Index Corporation proceedings in Japan. Index Corporation is Atlus' parent company. But what about Atlus Japan? You know, where they make the games? That's the better news. Today, Atlus Japan's official website and Twitter account and thanked everyone for the concern, adding, "From hereafter also, the development and sales of the Atlus brand as well as the consumer business will continue." So, as the Japanese brand confirmed, the retail and download sale of Shin Megami Tensei IV will continue. Ditto for Etrian Odyssey Untold: The Millennium Girl, which was released on June 27. "Other retail and download titles that are currently on sale will continue to be sold as they are currently." Atlus Japan also confirmed that Dragon's Crown will go on sale in Japan as planned on July 25 and 3DS game Devil Survivor 2: Break Record is still slated for release. Details regarding that release are scheduled for a later date. And finally, Atlus Japan tweeted that the Persona Music Fes 2013, a Persona music event at the Nippon Budokan, will continue. All of this is good news. Hope titles in development, announced and unannounced, are likewise not effected by Index's troubles. http://kotaku.com/the-atlus-brand-will-carry-on-says-japanese-hq-656284642
Shorty Posted July 8, 2013 Posted July 8, 2013 (edited) As an aside, a domain name for Persona 5 was registered today recently, so that certainly looks safe As a new but already big fan of that series, I am glad Atlus are OK. Edited July 8, 2013 by Shorty
Happenstance Posted July 8, 2013 Posted July 8, 2013 As an aside, a domain name for Persona 5 was registered today, so that certainly looks safe As a new but already big fan of that series, I am glad Atlus are OK. It was registered at the weekend, I made a Persona 5 thread for it.
Happenstance Posted July 19, 2013 Posted July 19, 2013 Atlus parent company Index to begin selling operations Last month we learned that Atlus parent company Index Corporation was in a fiscal mess due to a debt of 2.45 billion yen and fraud investigations and had entered "civil rehabilitation proceedings," akin to American bankruptc. According to Bloomberg, with some help in translation from Mad Man's Cafe, it seems Index will begin selling off its subsidiary operations. Bidding could start as early as next week and finish as quickly as September. As we guessed last month, it seems Index wants to get things done before any of its operations devalue amidst the turmoil -- production could be impacted, employees could jump ship, etc. Settlements could reach as high as 15 billion yen, according to experts. Index stock will be delisted on July 28. Atlus Japan recently issued a statement on its website noting, "the development and sales of the Atlus brand as well as the consumer business will continue." It also confirmed that regularly planned releases of various upcoming titles, like Dragon's Crown, would be unaffected by the proceedings. Even next month's Persona music festival in Japan is going as planned. Hopefully things keep moving smoothly. http://www.destructoid.com/atlus-parent-company-index-to-begin-selling-operations-258364.phtml Just stay the fuck away from Persona Nintendo, thats all I ask.
Andyliini Posted July 19, 2013 Posted July 19, 2013 This will be interesting. As Index's game branch (Atlus) is going to work like before, it almost feels like they already have a parter/buyer and do not have to worry about Index's fate. If all theprojects they are doing are unaffected, the new parter wont be any of the big three console developers. Interesting times ahead, but it would be very interesting (and even funny) to see the meltdown if Nintendo buys Atlus. Ponies will get to send their death threats. Again.
Hogge Posted July 19, 2013 Posted July 19, 2013 Persona > all else, by a country mile. Sony should buy them. Do Sony own the Persona license, or why can't future Persona games come out for Nintendo consoles? For everyone whining about "it's mean against the people whom bought the originals"... Well, guess what: many franchises that defined the PSOne had origins on other companies systems. Final Fantasy was a traditional Nintendo franchise, Metal Gear was for a lot of westerners a Nintendo franchise (although the MSX version was the original and far supperior version). I'm not a Persona fan, as I've never owned a Sony console. But I think that, as the Wii U is selling poorly, Nintendo should get any and all franchises they possibly can. And of course, since I'm not planning on buying any Sony console, this would enable me to try Persona out.
Happenstance Posted July 19, 2013 Posted July 19, 2013 Im not against Persona games also coming out on a Nintendo console, im against Persona games only coming out on a console I have no interest in owning again.
Magnus Posted July 19, 2013 Posted July 19, 2013 I don't care where Atlus ends up, as long as we get near-simultaneous releases with the US. If we had to wait eighteen months extra to get Persona 5, I'd kill myself. *Overly dramatic*
Magnus Posted July 19, 2013 Posted July 19, 2013 So's the PS3, but that didn't stop them! (But that was Index's fault, and they got what they deserved.) I was specifically thinking of Atlus games on Nintendo consoles, though. :p Also, I'm still waiting for you to catch up in Shin Megami Tensei.
Hero-of-Time Posted July 22, 2013 Posted July 22, 2013 These guys think Nintendo should be the ones to bail them out. Coming from iDesignTimes... “The single most likely bidder for Atlus in the … bankruptcy case is Nintendo. As a matter of fact, I’d like to suggest that a Nintendo-led acquisition of Atlus may actually have been in the works for some time. That’s because Nintendo has been working unusually closely with Atlus lately, treating them practically like an in-house studio. That may be because Atlus is about to become one.”
Andyliini Posted July 22, 2013 Posted July 22, 2013 For me, it makes sense. Atlus has been doing games for (3)DS for a while now, and they seem to be doing well. Add in the SMTxFE game, and we have a full co-operations between Atlus and Nintendo. That could also be the reason for that campaign in Amerocas, where you get a 30$ voucher when you buy both Fire Emblem: Awakening and Shin Megami Tensei IV. Nintendo rarely does such deals with 3rd-party publishers.
Serebii Posted July 22, 2013 Author Posted July 22, 2013 I agree. Nintendo buying Atlus in the case of bankruptcy is the most logical course of action. The only games they don't make on the 3DS are the Persona series. It stands to reason
Dcubed Posted July 22, 2013 Posted July 22, 2013 I agree. Nintendo buying Atlus in the case of bankruptcy is the most logical course of action. The only games they don't make on the 3DS are the Persona series. It stands to reason That's precisely why it won't happen. Nintendo doesn't know what logic or reason is
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