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Atlus at risk, parent company bankrupt

This is a discussion on Atlus at risk, parent company bankrupt within the General PS3 Discussion forum, part of the Everything PlayStation; Originally Posted by Ps360 Pro tip persona isn't a Sony exclusive IP since p4a. thats a fighter spin off and ...

  1. #21
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    Quote Originally Posted by Ps360 View Post
    Pro tip persona isn't a Sony exclusive IP since p4a.
    thats a fighter spin off and not a full persona game


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  2. #22
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    I want Persona 5!!

  3. #23
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    Quote Originally Posted by kazekaine View Post
    thats a fighter spin off and not a full persona game
    actually it is if you count the 30 hour canon storyline that takes place a year after P4.

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    Hi it's me Atlus and I'm here to help you summon your LGBT otherkin Persona. :--)

    Hee-ho


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    Atlus Parent Company Investigated For Fraud, Files For Bankruptcy [Updated] - Forbes


    Bad news for fans of Japanese roleplaying games in the West.

    Atlus, the video game publisher behind titles like Demon’s Souls and Shin Megami Tensei, may be in trouble.

    The publisher’s parent company, Index Corporation (also referred to as Index Holdings,) has filed for rehabilitation—a type of bankruptcy—due to 24.5 billion yen in outstanding debt. Index purchased Atlus in 2006.

    Seven years later, Index Corporation’s (and by extension, Atlus’s) troubles go much deeper than outstanding debt or bankruptcy.

    The parent company has been accused of fraud, and specifically “window dressing” or inflating sales numbers to create an illusion of corporate stability.

    The company’s offices were raided after the Japanese Securities and Exchange Surveillance Commission determined the company was inflating sales far beyond their actual numbers and using round-tripping, a practice that that helped inflate the image of Enron as a far more successful company than it actually was, to paint a false picture of the company’s financial state.


    Round-tripping is an accounting strategy in which an asset is sold to another firm with the agreement that the asset will be repurchased at a later date by the original owner. Firms can use this to give off the appearance of higher sales and revenue generated during a specific financial period.

    Not everyone agrees on whether this practice is ethical, and some argue that it can serve a legitimate business need.

    However, round-tripping is illegal in Japan.

    Investigators also reported uncovering falsified financial documents during the Index raid.

    This spells trouble for Atlus, one of the best-loved publishers of Japanese roleplaying games. Atlus titles are often high-quality games with excellent localization for western consumers. The future of the company is now uncertain as investigations into Index Corporation continue.

    So far, no reports of criminal charges have been filed, though company president and CEO Yoshimi Ochiai and board chairman Masami Ochiai have both expressed interest in leaving the company.

    Whether this could lead to liquidation or the sale of Atlus remains an open question. Hopefully the publisher can ride the storm. Any number of firms would be wise to buy the company and its portfolio, though even if Atlus is purchased intact the future of their games and localization efforts remains uncertain.

    I’ve reached out to both Atlus and Index Corporation for comment.

    Atlus has responded via email with this comment from Naoto Hiraoka, President and CEO:

    Currently, Index Digital Media, Inc. and the ATLUS brand are unaffected by the Index Corporation proceedings in Japan. We’re carrying on day-to-day activities, business as usual. Shin Megami Tensei IV and Dragon’s Crown are still releasing on July 16 and August 6 respectively, and we’re licensing and publishing third-party titles such as R.I.P.D: The Game and Daylight. We want to thank all of our fans for their outpouring of support.

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    Well...fuck.


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    Hopefully Sony will wise up and buy them, I mean Atlus suits them since they got Demon's Souls and Persona 4 Golden from them.

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    Quote Originally Posted by KingLazy View Post
    Hopefully Sony will wise up and buy them, I mean Atlus suits them since they got Demon's Souls and Persona 4 Golden from them.
    Atlus is just a North American publisher.


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  9. #29
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    Quote Originally Posted by Ps360 View Post
    because it's what the people that make the games want to do.
    Gauss's Piracy Uncertainty Principle: When you pirate a game, that act inherently changes the results of what is to come after your pirating. You can't make any statement with any certainty regarding what would have happened had you not pirated the game.


    Gauss's Rating Rationale:
    0-1: A game whose very existence is abhorrent to all things creative and intelligent.
    2-4: A just plain bad game.
    5-6: A game that has alot of mistakes, but is atleast playable and has some enjoyable sections. Good for a rent.
    7: An average game, should be played at some point
    8: A good game, should buy at some point
    9: A great game, day-one purchase
    10: A game that goes above and beyond the generation, its transcendent.

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    Atlus parent company Index to begin selling operations - Destructoid


    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.



  11. #31
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    Time to see who bids for Atlus and laugh (or cry) afterwards.

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  12. #32
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    Sony buys Persona, Nintendo buys Shin Megami Tensei series. It's a win win for both sides.

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    Atlus Bankruptcy: Nintendo Will Buy Shin Megami Tensei Developer; Persona 5 Wii U A Serious Possibility - International Digital Times


    Atlus bankruptcy news time. The famed RPG and quirky game maker is in a tight spot now, through no fault of its own. Its parent company has been implicated in certain shady dealings, best not discussed in polite company, and is on the verge of splitting up THQ style. Atlus, the most interesting part of the excitingly named Index Corporation, is up for sale. And guess what? Nintendo is going to buy it.

    The Atlus bankruptcy came to a head late in June, when Index Corporation declared bankruptcy in light of accounting fraud. Index Corporation is a large holding company with a wide variety of holdings, from Atlus to movie and anime studios, telecommunication infrastructure, and a soccer "football" team. Like traditional American conglomerates, it has no particular core business. It dabbles in everything.

    It also dabbles in accounting fraud, which led to the Atlus bankruptcy. The company's stock is being delisted on July 28, and bids for various and sundry subsidiaries will start basically next week. It's unclear exactly which subsidiaries are up for sale, but presumably all of them. Index is essentially being broken up. And that means Atlus is on the chopping block.

    The single most likely bidder for Atlus in the Atlus 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.

    Look at the evidence surrounding the Atlus bankruptcy. Atlus traditionally publishes games on every console and platform; for a long time, it had a heavy PlayStation focus thanks to the Persona games. But more recently it has worked very closely with Nintendo. That's not new; the Trauma Center series came from Atlus.

    But newer projects suggest a closer partnership between Atlus and Nintendo in the wake of the Atlus bankruptcy. One of the most notable is Shin Megami Tensei IV, which is offering a major crossover promotion with Fire Emblem. Specifically, if you register both titles with Club Nintendo by August 31, you'll get a $30 eShop credit (North America only, sorry). Nintendo doesn't offer deals like that with third parties. Ever. You're not going to see a discount on Mario and Sonic at the Sochi 2014 Winter Olympic Games if you buy Sonic Lost World and Super Mario 3D World. It's unprecedented.


    But that's not the biggest evidence that Ninty will bail out the Atlus bankruptcy. The biggest is their actual crossover title, Shin Megami Tensei X Fire Emblem, in active development for Wii U. This is only the second major crossover Nintendo has ever done, after the Mario & Sonic Olympics series. It's just not in their DNA. And they've talked lately about how closely Atlus has been working with Intelligent Systems, the Fire Emblem team.

    So it only makes sense for Nintendo to make the most of the Atlus bankruptcy and buy Atlus outright, maybe at a bit of a discount. It would not only shore up an increasingly significant third party developer - especially in its home market - but it would also simply create more capacity for Nintendo's homegrown development, which is something they've discussed expanding. Their recent collaboration suggests that the cultures mesh well together.

    What's more, the other major gaming companies aren't as interested in the Atlus bankruptcy. Sony is the biggest threat; if they decide they're interested, they can certainly outbid Nintendo. Square Enix would make a lot of sense, but wouldn't help them diversify - quite the opposite - and they don't really have the money. Capcom or Konami could pick it up, but there are no obvious synergies. And Microsoft and other Western developers just won't care.


    Atlus is Nintendo's to lose. Let's hope they don't. In the meantime, don't worry - all of Atlus's operations will continue as normal.


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  14. #34
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    Such a waste.


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    Nothing good can ever come out of a game once nintendo owns it..... expect a rehashed carbon copy of the studios games for the next 30 years

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  16. #36
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    People seem to also forget that the parent company of Atlus is going bankrupt, while Atlus is very profitable as a company still. I think a chance of a break off is more likely than any other.

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  17. #37
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    fuck nintendo.

    Free Atlus!
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  18. #38
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    Quote Originally Posted by ooga View Post
    fuck nintendo.

    Free Atlus!
    Quote Originally Posted by Ac3stralian View Post
    Nothing good can ever come out of a game once nintendo owns it..... expect a rehashed carbon copy of the studios games for the next 30 years
    Quote Originally Posted by Helyx View Post
    Such a waste.

    People tend to disagree

    Straw Poll

  19. #39
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    Quote Originally Posted by Ps360 View Post
    People tend to disagree

    Straw Poll
    Well, you saw it here folks. It doesn't get much more official than that.


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  20. #40
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    Makes me wonder why the people at Sony aren't even bothering buying

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