Update: Dontnod CEO Oskar Guilbert has dismissed the rumors that the studio has filed for bankruptcy, telling Games Industry International that it filed for judicial reorganization to help resize the company and control costs.
“There are some rumors about the bankruptcy of Dontnod. There is no bankruptcy, Dontnod is not in bankruptcy,” he said. “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 appoints a Judicial Administrator to help oversee the running of the company, helping to increase sustainability, settling liabilities, and managing labor costs.
Original Story: Remember Me developer Dontnod has filed for bankruptcy, according to reports from a number of French media outlets.
French games outlet Factor News and French business outlet Societe report that the Paris-based developer filed for “redressement judiciaire,” an equivalent to bankruptcy in France, on January 28. Societe adds that Dontnod’s case has already been assigned legal representation.
Dontnod was founded by Oskar Guilbert and released its first title, Remember Me, for PlayStation 3, Xbox 360, and PC last year.
“Remember Me ultimately delivers the whole package—a very pretty, very pleasurable, very engaging gaming experience,” Chris Holzworth wrote in our review of the title last year.