Annapurna Interactive Says “We’re Not Going Anyplace” After Considerations Of Imminent Chapter
In just below three years since its inception, Annapurna Interactive has acquired an array of awards and reward from critics for publishing titles like What Stays of Edith Finch, Outer Wilds, and Florence. Regardless of these accolades, nonetheless, its dad or mum firm Annapurna Photos is in bother.
Movie firm Annapurna Photos was based by Megan Ellison, the seventh wealthiest particular person on the planet, and has made a reputation for itself in Hollywood as a profitable indie studio that produced movies like Her (2013) and Zero Darkish Thirty (2012), in addition to distributed movies comparable to Sorry to Trouble You (2018).
Nonetheless, latest Annapurna movies struggled on the field workplace, like The Sisters Brothers and Destroyer. Annapurna Photos additionally dropped two tasks final 12 months together with the Jennifer Lopez film Hustlers.
To make issues worse, home advertising and marketing president Marc Weinstock and movie chief Chelsea Barnard departed the corporate. These blows, in accordance with Hollywood Reporter, might be some components as to why Annapurna Photos is presently exploring chapter.
On Twitter, Annapurna’s video games division, Annapurna Interactive, has voiced that they’re “not going wherever” after involved followers reached out to the developer.
we’re not going wherever!
— Annapurna Interactive (@A_i) August 9, 2019
Following the press protection about how Annapurna is amid restructuring offers with banks, Ellison wrote a memo to all her workers stating that this “not unusual” and that it is enterprise as common for the corporate. Learn the total message under.
Restructuring offers with monetary establishments just isn’t unusual, but the method is often dealt with with out a highlight on it. Fortuitously/sadly, individuals like to put in writing about me and my household,” Ellison wrote.
That stated, it’s of super significance to me that you simply all know we’re as dedicated as ever to this firm and are in full help of our future. No matter no matter comes out within the press, the reality is that we’re nicely on our continued path in direction of success. There’ll at all times be hypothesis, misinformation and private jabs within the press—that’s a part of the enterprise. However know, none of that issues to me. What does is your sense of safety and defending the particular neighborhood and tradition at Annapurna. I imagine in what we make and don’t have any intention of stopping any time quickly.
We have reached out to Annapurna for remark, although we’ve not acquired a response but. If and after we do, we’ll replace this text with the required particulars.