Well this is an odd one: following the disappearance of Imageepoch’s CEO Ryoei Mikage last month, the company have now filed for bankruptcy. The bankruptcy is apparently unrelated to Mikage’s disappearance and is blamed on a fall in company’s profits due to a sales slump. This was made worse by the rising cost of development.
There is no mention as to what will happen to the release of Imageepoch’s upcoming game Stella Glow which SEGA Japan are due to publish in June. I’d hazard a guess that unless the game had already gone gold, Stella Glow is likely cancelled.
SEGADriven wish everyone affected by this news all the best in finding work. We also hope that Mikage is found safe in due course.
[Source: Destructoid]
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