NetEase has laid off many of the employees at Ouka Studios in Tokyo, based on a report

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Picture by way of Sq. Enix

Bloomberg reported Friday {that a} Chinese language recreation growth firm NetEase has laid off many of the employees at Ouka Studios (Visions of Mana) in Tokyo and plans to shut the studio’s workplaces in Shibuya.

NetEase had former staff of corporations akin to CAPCOMBandai NamcoAnd Sq. Enix once they fashioned groups targeted on consoles in Ouka, Shibuya in 2020.

Relating to the potential closure of Ouka Studios, NetEase advised Bloomberg it had “nothing to announce.” An organization spokesperson additional advised Bloomberg that it’s seeing progress at lots of the Japanese studios it has invested in, and that the corporate “at all times makes vital changes to mirror market situations.” Bernstein analyst Robin Zhu stated within the report that NetEase has begun to look at its return on funding extra carefully and speculates that “Anecdotally, Japanese builders’ need to strictly management what may be accomplished with their IP has typically been a supply of friction.” Zhu additionally said NetEase has no plans to withdraw from Japan fully.

Visions of Mana (Seiken Densetsu Visions of Mana), the latest recreation within the Man/Seiken Densetsu role-playing sequence, launched on Thursday for Playground 5, Playground 4, Xbox Sequence X|S and PC by way of Steam And Microsoft retailer.

Sq. Enix introduced in 2021 that it was creating a brand new recreation within the sequence for consoles.

The sport sequence celebrated its thirtieth anniversary in 2021. As a part of the festivities Warner Bros. Japan produced Legend of Mana: The Tear Crystal (Seiken Densetsu Legend of Mana: The Tear Crystal in Japanese), an anime adaptation of the Legend of Mana recreation. The tv anime premiered in October 2022.

Supply: Bloomberg (Takashi Mochizuki) by way of IGN


Disclosure: Bandai Namco Filmworks Inc., an entirely owned subsidiary of Bandai Namco Holdings Inc., is a non-controlling minority shareholder in Anime Information Community Inc.