Namco Bandai dissolving Namco Tales Studio subsidiary
Namco Bandai has announced that it's absorbing its Namco Tales Studio subsidiary.
Though it was only a month ago that Namco Bandai promised "a lot more support" for games in the Tales franchise, it announced today that it will be dissolving and absorbing its Tales Studio subsidiary. The studio recently released Tales of Xillia to critical and commercial success in Japan, making the move a bit confusing.
According to a report by Andriasang, Namco Bandai didn't provide any reasoning behind the move, which is expected to be approved by its board on November 29. Namco Tales Studio, which was formed in March of 2003, will subsequently dissolve on January 1, 2012.
Though no specific mention of the fate of the number of the Tales games that are currently in production was mentioned in the announcement, it's reasonable to assume that titles already in development--like Tales of Graces F and Tales of the Abyss--will continue development internally at Namco Bandai. Given the series' popularity in Japan, it's unlikely the series' end is nigh.
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Jeff Mattas posted a new article, Namco Bandai dissolving Namco Tales Studio subsidiary.
Namco Bandai has announced that it's absorbing its Namco Tales Studio subsidiary.-
Last June, Brian Ashcraft at Kotaku re-posted a story on the Tales studio having a lot of debt: http://kotaku.com/5568531/end-of-story-for-tails-studio
A recent financial report has revealed that debt for the studio has piled up so that it has surpassed the studio's total assets, making the developer insolvent. The [Tales] Studio has accumulated a debt of 21 million dollars and has posted an annual loss of one million dollars.
"Meetings and conferences, sleepiness and struggle, it was a day of live or die," Tales producer Makoto Yoshizumi obliquely tweeted on June 18. He goes on to say that next week (this week) will be extremely busy and that from henceforth, "it's going to be gloomy".
He didn't link to that old story in his new one today, but he referenced the numbers.