The lights are on
Update: Sega has issued a press release confirming the acquisition of Index Corporation. The document cites three reasons that the acquisition is a good fit for Sega, who has suffered financial hardships and layoffs as recently as April. Things started turning around after the House of Sonic purchased Relic from THQ at auction, with Company of Heroes 2 selling 380,000 copies in under a week.
The press release cites Atlus' IPs as a primary driver of interest in Index, with those franchises as good fits for continued distribution for home consoles, adaptation for mobile devices, and even application in Sega's pachinko operation. For the full press release, click here.
Weeks ago we reported that Atlus was on the auction block after the financial and legal troubles plaguing its parent, Index Corporation. Reports are coming in now that Sega Sammy will be acquiring the entirety of Index Corporation, though details on how that will impact the business aren't yet available.
The news comes by way of Gematsu, who translated the news from Japanese site Nikkei. Sega Sammy has issued a brief press release stating that the acquisition is not something they have announced. Index Corporation voluntarily put itself into a form of bankruptcy known as "rehabilitation." At the time this was reported in June, Index was in approximately ¥24.5 billion debt ($249 million).
According to Gematsu's translation, the deal is apparently worth ¥14 billion ($141.1 million) and will close in November. We reached out to Atlus USA who declined to comment at this time.
[Source: Nikkei, Sega (both in Japanese), via Gematsu]
Our TakeThis news isn't a surprise given the results of preliminary bidding we reported on weeks ago. The question is what this means for the future of Atlus and it's incredibly important arm here in the United States.
Atlus USA is responsible for developing, localizing and/or publishing some of the most unique and interesting Japanese titles like the Shin Megami Tensei franchise, Etrian Odyssey series, and standalone titles like Dragons Crown and Catherine. The best possible scenario is that the new owner allows that to happen just as it always has.
Email the author Mike Futter, or follow on Google+, Twitter, and Game Informer.
As long as they don't let the folks from Sonic Team work on any Persona games, I'm happy. But I will say this: thank God Atlus wasn't picked up by Nintendo or Capcom! I love Capcom, don't get me wrong, but after what the company decided with regards to Clover Studios, another developer known for unique, eye-catching, awesome games, I'd say Atlus would not have lasted long with a publisher that focuses primarily on action titles. Hopefully, Sega will let Atlus keep doing its own thing without interference. Everybody wins if they do: the fans get the games they want, Atlus keeps making fantastic, memorable RPGs, and Sega rakes in the cash. It's a win-win-win situation for everyone!
As long as they keep making Persona games for PlayStation consoles I'll be okay with this.
Well let's hope Sega does some good things with Atlus.
I knew there was nothing to worry about.
Watch out! Yu narakami has gone all star!
Hopefully Sega is smart enough to let Atlus continue to do what it does best!
I'm guessing... we'll see some characters (or MC's if you prefer) in some sega games like sonic all-star racing. XD
well, first things first. if they create/dev/publish P5 or SMTxFE. (well, lets hope it)
Sega PLEASE PLEASE don't screw this up! They know what they are doing. Just let Atlus BE Atlus
I guess that's ok. Can't remember the last Sega game I purchased. I hope Sega doesn't intrude on what Atlus does.
A Valkyria Chronicles game made by Atlus, just imagine.
Let's just hope they don't cramp Atlus' style.
I seriously hope that Sega doesn't get too much into Atlus' business. It would be nice if they just let them continue.
Well say goodbye to local releases.
Just imagine! A good Sonic game for once! Oh, you say a good Sonic game has nothing to do with this story? But just imagine!