Annapurna Interactive’s Parent Company Seeking Bankruptcy​


Though Annapurna Interactive has a bevy of award-winning video games underneath its belt, together with Donut County, Florence, Gorogoa, and What Remains of Edith Finch, the writer’s mum or dad firm appears to be in a monetary bind, The Hollywood Reporter reports. Annapurna Pictures, the movie manufacturing firm finest identified for common hits like 2013’s Her (starring Joaquin Phoenix) and 2014’s Foxcatcher (starring Steve Carell), has retained a legislation agency to discover chapter safety.

According to THR’s report, Annapurna Pictures might “no longer sustain the [bleeding of money]” from lackluster field workplace performers like 2016’s black comedy thriller The Bad Batch (starring Keanu Reeves), 2017’s crime drama Detroit (starring John Boyega), 2019’s animated journey Missing Link (starring Hugh Jackman), and extra. An Annapurna spokesperson informed THR that the corporate “is in negotiations to restructure [its] deals with the banks [but] are dedicated to Annapurna’s future.”

The firm, based in 2011 by the daughter of Oracle Corporation’s co-founder Larry Ellison, has a number of arms underneath its umbrella, together with prolific indie writer Annapurna Interactive. Company founder Megan Ellison, following THR’s report, despatched a be aware to her workers, saying, “Restructuring deals with financial institutions is not uncommon, [but] the truth is that we [Annapurna Pictures] are well on our continued path toward success.” She stated that giving a “sense of security” is paramount to her and the corporate as an entire. “I believe in what we make and have no intention of stopping any time soon,” Megan wrote. “We have a lot of exciting things on the horizon and I have no doubt all of our hard work will continue to show Annapurna’s unique and powerful place in this industry.”

As Gamasutra notes, It’s unclear how the corporate’s “restructuring” will have an effect on Annapurna Interactive. There’s additionally no clarification on how properly the writer’s video games have been doing as of late.

Annapurna Interactive lately introduced its haunting journey title Twelve Minutes on Xbox’s stage throughout E3 2019. The studio’s newest publishing credit, Outer Wilds, launched on PC and Xbox One in May 2019. In our Outer Wilds review, we stated, “By letting you chart your own course and piece together its mystery at your own pace, Outer Wilds makes each of its expeditions feel incredibly personal and absolutely unmissable.”

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