Don't Nod is in financial strife, opens safeguard proceedings
The company behind the Life is Strange series, Don't Nod, has entered safeguard proceedings after the Paris Business Court granted its request due to a poor cash position that prevents it from securing financing for its operations and projects. CEO Oskar Guilbert acknowledged the impact on teams, indicating potential layoffs are likely as the company seeks a sustainable solution amidst a challenging industry environment.
- Entities
- Company: DON'T NOD
- Game: Life is Strange
- Game: Lost Records: Bloom & Rage
- Topic: Video Game Industry
- Game: Aphelion
- Game: Vampyr
- Topic: Financial Difficulties
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