Earlier today, GamesBeat reported that Japanese company Index Digital Media filed for civil rehabilitation, which is similar to U.S. bankruptcy proceedings. Index, among other things, is the parent company of game publisher Atlus.
Fans of the publisher worried that this might mean bad things for the publisher, which is best known for releasing titles like role-playing game Persona 4: The Golden. That’s not the case, according to Atlus chief executive officer Naota Hiraoka.
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Index owes more than $200 million to creditors. Through civil rehabilitation, the Japanese government will help mediate new management for the company — that could include some of those entities it owes money to.
In Japan, Index is one of the countries biggest entertainment companies. In addition to Atlus, it is also runs a major movie studio, Nikkatsu, and the Madhouse anime studio.