Tales Studio Is Not Doing So Well

Namco Tales Studio is the developer behind Tales of Phantasia, Tales of Eternia, Tales of Destiny and Tales of Vesperia. The studio has seen better days.

A recent financial report has revealed that debt for the studio has piled up so that it has surpassed the studio's total assets, making the developer insolvent. The Tails Studio has accumulated a debt of 21 million dollars and has posted an annual loss of one million dollars.

"Meetings and conferences, sleepiness and struggle, it was a day of live or die," Tales producer Makoto Yoshizumi obliquely tweeted on June 18. He goes on to say that next week (this week) will be extremely busy and that from henceforth, "it's going to be gloomy".

Things have not been good recently for the Tales series, I honestly don't think Namco will shutter the studio. The Tales role-playing games still have a strong brand name in Japan, and it was a mistake to think the studio could compete with both Dragon Quest and Final Fantasy. A reorganisation and refocusing seems more likely.

The studio was opened in 1986 and is a subsidiary of Namco Bandai. The Tales series has been spun off to anime with Tales of Vesperia: First Strike in late 2009. The most recent Tales game, Tales of Phantasia: Narikiri Dungeon X, will be released on the PSP this August in Japan.

Tales Studio Near Bankruptcy – Tales Series Doomed? [Sankaku Complex NSFW via GoNintendo]


Comments

    I hope Tales doesn't die. It's pretty much the only multiplayer JRPG on the market that is always fantastic to play.

    Life needs more multiplayer JRPG's.

    Keep the tales series battle system back into 2D, then everything will be fine....

    I love Tales of Eternia, but I hate Tales of the World....

    god this sucks. The Tales games are the only decent JRPG's being made

    And... say goodbye to all hopes to more Western releases.

    Honestly they're not the smartest studio for region locking NTSC Vesperia. If they were ever worried that Vesperia might not sell well in PAL regions they could of made the US version region free. That way people in PAL regions who want the game can import it.

    While this news does suck, I still hope they do well as the 'Tales of' series are one of my favourites.

    I loved the Tales of Vesperia Beta I paid 100$AU for only to find out I was missing a whole character a year later. Oh, then they didn't release the new version on PS3 in english.

    Thanks Namco!

    I don't like this one bit. This is the only studio that keeps me coming back for more even if the last game they made was bad. The "Tales" series is awesome and I wish more of them where out in the US there are a bunch that I would like to buy and play but can't because they aren't out here and importing them isn't possible for me right now.

    That's what you get for not letting ToV be localized for PS3 ~.~

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