OFICIAL Rock Paper Shotgun

Bandai Namco is liquidating Unknown 9: Awakening studio Reflector Entertainment, following multiple previous layoffs since the game's launch

What happened
Based on Rock Paper Shotgun · Nov 10, 2026

Bandai Namco will liquidate Reflector Entertainment, the Montreal studio behind Unknown 9: Awakening, citing unmet business expectations and an estimated €21 million loss.

Bandai Namco is liquidating Unknown 9: Awakening studio Reflector Entertainment, following multiple previous layoffs since the game's launch
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Key points
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Bandai Namco will liquidate Reflector Entertainment, the studio behind Unknown 9: Awakening, due to unmet business expectations.
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The closure will result in an estimated €21 million loss for Bandai Namco in its Q3 fiscal report.
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Reflector Entertainment laid off 18% of its workforce after the game's launch due to low sales.
Key numbers
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The liquidation will result in an estimated extraordinary loss of around 21 million euros for Bandai Namco in its Q3 fiscal report of this year.
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Reflector Entertainment faced layoffs shortly after Unknown 9: Awakening's launch, with 18% of the workforce let go in response to low sales.
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Bandai Namco will liquidate Reflector Entertainment, the Montreal studio behind Unknown 9: Awakening, citing unmet business expectations and an estimated €21 million loss.

Bandai Namco announced the closure of Reflector Entertainment, a Montreal-based studio responsible for the 2024 action-adventure game Unknown 9: Awakening. The decision follows the studio's failure to meet expectations for future business plans, additional investment, and profitability. Bandai Namco attributed the liquidation to these unmet goals, signaling a strategic shift away from the studio's operations.

The liquidation will result in an estimated extraordinary loss of around 21 million euros for Bandai Namco in its Q3 fiscal report of this year. This financial impact reflects the company's assessment of Reflector Entertainment's performance and its alignment with broader business objectives. The exact timing of the liquidation remains uncertain due to adherence to local laws and procedures.

Reflector Entertainment faced layoffs shortly after Unknown 9: Awakening's launch, with 18% of the workforce let go in response to low sales. Further redundancies occurred in 2025 following the cancellation of a prospective project, though the company did not disclose additional details about these staff reductions.

Unknown 9: Awakening was intended to launch a transmedia franchise, including comic books and novels, but these plans were never realized. The game's commercial performance contributed to Bandai Namco's decision to dissolve Reflector Entertainment, marking the end of the studio's operations.

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