The publisher estimates an extraordinary loss of €21 million (about $23.6 million) from liquidating the Montreal developer of Unknown 9: Awakening, with the amount and timing still under review.
Bandai Namco has decided to dissolve and liquidate Reflector Entertainment, the Montreal studio behind the action-adventure game Unknown 9: Awakening. The publisher bought Reflector in 2020 for an undisclosed sum.
Bandai Namco said it reached the decision after considering Reflector’s future business plans, the additional investment needed and the prospects for profitability and continued operation, GamesIndustry.biz said.
The publisher expects to recognize an extraordinary loss of approximately €21 million (about $23.6 million) from the liquidation in its accounts from the third quarter of the fiscal year ending 31 March 2027 onward. Bandai Namco says the amount and timing remain under review and could change.
Alexandre Amancio and Lune Rouge founded Reflector in 2016. A month after Unknown 9: Awakening was released in October 2024, the studio announced it had cut 18% of its workforce. Reflector said the affected employees were not assigned to roles its active projects needed during a new development phase.
Further redundancies followed in 2025 after the studio decided not to approve an unannounced project. Reflector also canceled the Unknown 9 franchise because of low sales. Reflector CEO Hervé Hoerdt said Unknown 9 had not met expectations despite schedule adjustments and investment.
Bandai Namco has not given a timetable or a current count of affected employees. Reflector’s website advertises another unannounced project based on an existing Bandai Namco franchise, but the closure filing does not say what will happen to it. The liquidation is to be completed after the necessary procedures under local laws and regulations.
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