Overview
- On Tuesday, November 10, 2026, Bandai Namco passed a resolution to dissolve and liquidate its Montreal subsidiary Reflector Entertainment and said it will record an extraordinary loss of about €21 million in Q3.
- Bandai Namco acquired Reflector in 2020 and the studio released Unknown 9: Awakening in October 2024, a transmedia-linked title that received mixed reviews and weak sales.
- Reflector cut about 18% of staff roughly a month after the game’s launch and enacted further redundancies in early 2025 after an unannounced project was not greenlit.
- The company has not given a timetable for the liquidation, has not disclosed how many employees will be affected, and has not confirmed the future of Reflector’s in-development or unannounced projects.
- The closure reflects a wider run of studio consolidations in the games industry and leaves the human and creative fallout for Reflector’s staff and the Unknown 9 franchise unresolved.