#1 Edited by bigjeffrey (4789 posts) -

News has come in from Bloomberg's Japanese outfit that things have gone from bad to worse for Atlus parent Index Corporation. The company will begin selling off its operations next week.

This follows an announcement at the end of June that Index had filed for "rehabilitation" (a form of bankruptcy) due to debt amounting to 24.5 billion yen ($249 million). The bankruptcy came on the heels of an investigation for "round tripping," a mechanism in which sales numbers are inflated to defraud investors.

Index will be delisted from JASDAQ on July 28, and the company hopes to move quickly before its assets are devalued. The entire matter could be wrapped up as early as September. We have reached out to Atlus for comment.

- Game Informer

Seems like ATLUS is in a bit of a pickle, if only there was a TV they could jump into and wait for this to blow over (NOPE). The article continues with The best case, in which Index recovers, is off the table.

I MEAN HOLY SHIT

I dont mind if Sony were to scoop them up at least i could play something on the only PS thing i have, the VITA. Who else would pick them up. Nintendo? I mean they take long ass dev cycles to churn out a game. Then they could have someone else besides Miyamoto locked in a Basement. LOTUS JOICE Locked in a basement, Ha, Ha, Ha. Square would desicrate their corpse, EA, ACtivision,Valve, Buy themselves out?, I'm just throwing out names, I DONT KNOW.

GameInformer Article

#2 Posted by evanbower (1210 posts) -

@bigjeffrey: So without having read the article or knowing much about this, does this mean Atlus is up for sale?

#3 Edited by FluxWaveZ (19308 posts) -

This was expected and I'm not too sure Index recovering and maintaining ownership of Atlus would have necessarily been the "best case."

@bigjeffrey: So without having read the article or knowing much about this, does this mean Atlus is up for sale?

Most likely, yes.

#4 Posted by Djratchet (668 posts) -

Atlus will be fine in any situation. They go up for sale, and pretty much any company with the money and half a brain is gonna grab them.

#5 Posted by joshthebear (2700 posts) -

FUCK FUCK FUCK FUCK FUCK.

#6 Posted by Video_Game_King (36013 posts) -

Giant Bomb: you need to buy Atlus. You'd be losing money if you didn't, really.

#7 Edited by bigjeffrey (4789 posts) -

@bigjeffrey: So without having read the article or knowing much about this, does this mean Atlus is up for sale?

#8 Edited by Djratchet (668 posts) -

@bigjeffrey said:

@evanbower said:

@bigjeffrey: So without having read the article or knowing much about this, does this mean Atlus is up for sale?

I really hope they stay third-party. It would be a nice get for Nintendo, but I like how Atlus has the freedom to publish wherever currently. That being said, if I have to live in a world with a Nintendo-owned Atlus, or no Atlus at all, the choice is easy.

#9 Posted by LiquidPrince (15843 posts) -

Sony should make them first party.

#10 Posted by TruthTellah (8537 posts) -

Atlus should be fine. They're the most profitable part of that company. All of Index's debt is just dragging it down. The best case scenario is Atlus getting sold to a third party company that's better able to let Atlus just rake in money for them.

#11 Posted by TheManWithNoPlan (5235 posts) -

For the love of Vinny, please just somebody buy them so we can get Persona 5.

#12 Posted by Slag (4008 posts) -

Giant Bomb: you need to buy Atlus. You'd be losing money if you didn't, really.

I imagine Giant Bomb is probably worth tens of billions yen less than Atlus.

#13 Posted by Video_Game_King (36013 posts) -

@slag said:

@video_game_king said:

Giant Bomb: you need to buy Atlus. You'd be losing money if you didn't, really.

I imagine Giant Bomb is probably worth tens of billions yen less than Atlus.

Which is exactly why they need to do this.

#14 Posted by Slag (4008 posts) -

@slag said:

@video_game_king said:

Giant Bomb: you need to buy Atlus. You'd be losing money if you didn't, really.

I imagine Giant Bomb is probably worth tens of billions yen less than Atlus.

Which is exactly why they need to do this.

only if they got da dolla dolla bill y'all :)

#15 Posted by Animasta (14648 posts) -

I'm hoping for Sega, because honestly they're one of the better publishers around (when they have a good studio they just let them at it, like the total war guys). I don't know how much it cost vs. how much they'd be profitable for them though?

#16 Posted by rebgav (1429 posts) -

I'd be okay with Sony buying Atlus. I'd be worried if Square bought them and terrified if Sega got involved.

Ideally, Nippon Ichi though. For reals.

#17 Edited by wemibelec90 (1552 posts) -

@slag said:

@video_game_king said:

Giant Bomb: you need to buy Atlus. You'd be losing money if you didn't, really.

I imagine Giant Bomb is probably worth tens of billions yen less than Atlus.

I'm sure they could expense it. CBS is swimming in cash.

#18 Edited by Animasta (14648 posts) -

@rebgav said:

I'd be okay with Sony buying Atlus. I'd be worried if Square bought them and terrified if Sega got involved.

Ideally, Nippon Ichi though. For reals.

Does Nippon Ichi really have enough money for them? afaik Atlus does better than them, does better than most of the B-tier JRPG devs. (NIS, Gust, etc.)

What's wrong with sega though?

(ALSO I ACCIDENTALLY FLAGGED YOUR POST SORRY)

#19 Edited by rebgav (1429 posts) -

@animasta said:

@rebgav said:

I'd be okay with Sony buying Atlus. I'd be worried if Square bought them and terrified if Sega got involved.

Ideally, Nippon Ichi though. For reals.

Does Nippon Ichi really have enough money for them? afaik Atlus does better than them, does better than most of the B-tier JRPG devs. (NIS, Gust, etc.)

(ALSO I ACCIDENTALLY FLAGGED YOUR POST SORRY)

I doubt that Nippon Ichi could just buy them with cash they have laying around but it would be an amazing "get" for them and a good match. I don't know what Atlus are supposed to be worth but I can't see any Japanese publisher jumping in right away and paying over the odds for them.

"Accidentally." Uh huh.

#20 Posted by Jeust (10477 posts) -

Squenix will chip in!

#21 Posted by Animasta (14648 posts) -

@rebgav said:

@animasta said:

@rebgav said:

I'd be okay with Sony buying Atlus. I'd be worried if Square bought them and terrified if Sega got involved.

Ideally, Nippon Ichi though. For reals.

Does Nippon Ichi really have enough money for them? afaik Atlus does better than them, does better than most of the B-tier JRPG devs. (NIS, Gust, etc.)

(ALSO I ACCIDENTALLY FLAGGED YOUR POST SORRY)

I doubt that Nippon Ichi could just buy them with cash they have laying around but it would be an amazing "get" for them and a good match. I don't know what Atlus are supposed to be worth but I can't see any Japanese publisher jumping in right away and paying over the odds for them.

"Accidentally." Uh huh.

Catherine and Persona 4 Arena both sold extremely well, especially for Atlus. and considering Atlus, as far as I've heard, is one of the only profitable things about Index...

well I suppose no one knows. Maybe deep silver will come back and buy them!

(I would laugh if they got bought by an American/European publisher)

#22 Posted by Joeyoe31 (820 posts) -

Let's all be real. The second they get bought by anyone, especially a console manufacture like Nintendo or Sony, Persona 5 is going to be announced right?

#23 Edited by Animasta (14648 posts) -

@joeyoe31 said:

Let's all be real. The second they get bought by anyone, especially a console manufacture like Nintendo or Sony, Persona 5 is going to be announced right?

it'd take them at least a week to do up a trailer!

#24 Edited by Joeyoe31 (820 posts) -

In all seriousness though, Atlus is a making bank right now. P4A and Catherine sold pretty well and it's looking like SMTIV is selling pretty well too. I wouldn't be surprised if they didn't get targeted by console manufacturers immediately when they go up for sale.

#25 Posted by Demoskinos (14562 posts) -

The drama continues.

#26 Posted by Hailinel (23905 posts) -

@joeyoe31 said:

In all seriousness though, Atlus is a making bank right now. P4A and Catherine sold pretty well and it's looking like SMTIV is selling pretty well too. I wouldn't be surprised if they didn't get targeted by console manufacturers immediately when they go up for sale.

They're still a niche developer. Atlus makes money by selling to a a relatively small audience by producing games typically on smaller budgets and with generally reused assets (i.e.: Demon/Persona designs, etc). That's not necessarily what the console manufacturers are looking for in their own developers.

#27 Posted by Flappy (2129 posts) -

I...I don't think my heart would be able to take it if Nintendo snatched them up and kept Atlus to themselves. They can have Bayonetta, but they can't have my SMT/Persona, dammit!

#28 Edited by rebgav (1429 posts) -

@animasta said:

well I suppose no one knows. Maybe deep silver will come back and buy them!

(I would laugh if they got bought by an American/European publisher)

It would be an amazing trainwreck at least. If that happens, I demand that they make a reality show about it.

#29 Edited by Aegon (5403 posts) -

I'm pulling for Sony buying them.

#30 Posted by lead_farmer (1040 posts) -

XSEED?

#31 Posted by Miyuki (176 posts) -

Yeah, I'm pretty sure Altus will be fine. I'm ok with them being bought by a console maker, but I hope they stay third party. Either way, I hope this means we'll be seeing Persona 5. I bought SMT IV today (last copy at Gamestop, and the manager said it was selling really well.) I'm excited for the game, but I mostly just want to show my support at launch to JRPGs these days.

#32 Edited by Rastopher (34 posts) -

@jeust said:

Squenix will chip in!

If they do then we can start calling them Squatlus!

#33 Edited by bigjeffrey (4789 posts) -

@bigjeffrey said:

@evanbower said:

@bigjeffrey: So without having read the article or knowing much about this, does this mean Atlus is up for sale?

I really hope they stay third-party. It would be a nice get for Nintendo, but I like how Atlus has the freedom to publish wherever currently. That being said, if I have to live in a world with a Nintendo-owned Atlus, or no Atlus at all, the choice is easy.

Yeah it's just a possibility, i'd love to have more ATLUS games on 360 not just a fighting game featuring persona characters. Catherine was cool.

#34 Posted by Angouri (231 posts) -

I love Atlus. I wish they could stay independent and find some outside financiers; but who knows. Japan...

I would love if Marvelous/Xseed/Falcom made a supergroup and fused with Atlus to release only amazing Japanese games. SMT+no Kiseki+portables. yes please.

#35 Posted by dudeglove (7688 posts) -

Can we all chip in and make them a CBSi property?

#37 Posted by Kscorps (55 posts) -

Ordered the two PS2 Devil Summoner games in case Atlus gets snarfed up by Nintendo, putting a damper on those games' reprints.

#38 Posted by Beforet (2912 posts) -

So, when does the Kickstarter to make Atlus independent go up?

#39 Edited by bigjeffrey (4789 posts) -
#40 Posted by Darji (5294 posts) -

From Neogaf:

This is not correct. Next week, they will be having another round of bids for their sponsor. They're not going up for sale.

There's speculation that they'll have everything decided by early September. But this is not a significant update. Nothing to panic about.

Looks like destructoid and co were wrong and it is still up in the air^^

#42 Posted by bigjeffrey (4789 posts) -

@darji said:

From Neogaf:

This is not correct. Next week, they will be having another round of bids for their sponsor. They're not going up for sale.

There's speculation that they'll have everything decided by early September. But this is not a significant update. Nothing to panic about.

Looks like destructoid and co were wrong and it is still up in the air^^

STOPPED TYING THE NOOSE

#43 Posted by ZeForgotten (10397 posts) -

I love how everyone and their dead grandmothers are freaking out and crying for Atlus.
Atlus will be fine, even this time, just like last time.

Online
#44 Posted by kerse (2100 posts) -

I hope nothing super bad happens for them : /, I don't know anything about how dependent Persona Team is on them, but they are my favorite developer atm (even though it takes like 5 years for them to put out a game), would be pretty depressing if something happened to them.

#45 Edited by Jeust (10477 posts) -

@rastopher said:

@jeust said:

Squenix will chip in!

If they do then we can start calling them Squatlus!

Or Squenitlus.

#46 Posted by Nictel (2380 posts) -

I have a dollar. Maybe they can go independent? Or go with Sony, to be honest most other options seem not ideal:

Squenix: Anything sub 5 million is a "disaster". Well good luck with selling 5 million of any Atlus game.

Sega: Persona cart racer!

Nintendo: WiiU exclusive, Persona games now come out every 15 years!

/yes I have become a bit cynical of some of the game publishers these days

#47 Posted by metalsnakezero (2288 posts) -

I do hope a good company will pick Atlus up.

However, it'll be pretty cool for them to go independent than they have 100% say in their projects.

#48 Posted by believer258 (11637 posts) -

@jeust said:

@rastopher said:

@jeust said:

Squenix will chip in!

If they do then we can start calling them Squatlus!

Or Squenitlus.

That sounds like a male genital disorder.

Uh... anyway, Atlus is a division of Index that seems to have been growing quite a bit over the past few years. Someone, somewhere, knows this, and I can't imagine a world where Atlus doesn't get bought in the event that Index goes under.

Even though I bought a 3DS in anticipation of Atlus games, I think that Sony would be a really good home for them at the moment. They would get first party support from a company that spent the last generation making a bunch of very good (and varied) exclusives, both small and large, and they look like they're planning to do that again this generation. I'd buy a Vita in a heartbeat and make getting a PS4 a priority if that's where Atlus games were going to be.

#49 Posted by hughesman (312 posts) -

I'll buy whatever I need to buy to play persona 5. Though i would prefer to play that on a sony console.