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Rune Factory dev files for bankruptcy

Rune Factory dev files for bankruptcy

Fri 29 Nov 2013 1:47pm GMT / 8:47am EST / 5:47am PST
PublishingDevelopment

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.

4 Comments

Orcun Adsoy Producer & Project Manager

1 4 4.0
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.

Posted:11 months ago

#1

Joshua Hagood Moderation Project Manager, Metaverse Mod Squad

8 4 0.5
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.

Posted:11 months ago

#2

Greg Wilcox Creator, Destroy All Fanboys!

2,193 1,170 0.5
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...

Posted:11 months ago

#3

Alfonso Sexto Lead Tester, Ubisoft Germany

822 654 0.8
Sad news for a Monday morning. Or any day in general...

Posted:10 months ago

#4

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