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Rune Factory dev files for bankruptcy

Neverland ceases operations after funding drive collapses

Neverland, the Japanese developer behind the Rune Factory series, has filed for bankruptcy and ceased development of all projects.

According to a report on the company's official website - translated by Siliconera - Neverland cited, "changes in the business environment," for its financial difficulties in recent years. Attempts to raise funding proved unsuccessful, and the studio will officially close today. It will start bankruptcy proceedings shortly.

The Rune Factory series has produced six games on Nintendo platforms since it debuted with Rune Factory: A Fantasy Harvest Moon on the DS in 2006. The last game in the series, Rune Factory 4, was the best-selling game in the history of the franchise, passing 150,000 sales in September 2012. The fate of Rune Factory 5 is currently unknown.

Neverland was founded in 1993. It was also known for the Lufia series, which started out on the Super Nintendo.

Latest comments (4)

Orcun Adsoy Removing / Transfering account 3 years ago
This is truly a shame.
I had the good fortune of interviewing Mr.Takada a couple of years ago as part of my undergraduate dissertation and he was a truly pleasant man. Very welcoming, kind and honest. I was also surprised to find a CEO willing to spend the time to be interviewed by a student he'd never met before.
It's always heart breaking to see a dev shut down, especially when run by a man so passionate about his work.
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Joshua Hagood Moderation Project Manager, Metaverse Mod Squad3 years ago
Terrible news. I didn't know they did Lufia too! I used to rent that at Blockbuster...

They released RF4 at a terrible time, right before Pokemon XY and then Zelda a little while later. Sounds like a few more sales wouldn't have saved them, though.
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Greg Wilcox Creator, Destroy All Fanboys! 3 years ago
Wow, that's a shock... but not shocking. I hope they at least have their staff grabbed up by studios that can use their talents and if Rune Factory gets sold off at all, it goes somewhere with some or all of its creators...
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Alfonso Sexto Lead Tester, Ubisoft Germany3 years ago
Sad news for a Monday morning. Or any day in general...
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