Search results for "Industry Layoffs"

Bandai Namco Shuts Down Reflector Entertainment After Ambitious IP

Bandai Namco has closed Reflector Entertainment, makers of *Unknown 9: Awakening*, projecting a €21 million loss. The studio's ambitious transmedia IP failed to meet sales targets, leading to layoffs and the franchise's cancellation. This closure underscores the tough market for new IPs.