After incurring debts worth JP¥340 million (about PHP153.2 million) to 100 creditors, Dingo Inc., the developer of the popular video game Hatsune Miku: Project DIVA, ceases operations and filed for bankruptcy on Tuesday, March 21.
The company had a capital totalling JP¥10 million, which is about PHP4.6 million.
Dingo was a game company founded in August 1998 that developed games for PlayStation platforms, Nintendo DS, arcade, and most recently, smartphone games.
Among their notable projects include Hatsune Miku: Project DIVA games, including Hatsune Miku: Project DIVA 2nd and Hatsune Miku: Project DIVA Extend for PlayStation Portable (PSP).
The Japanese game development company also created Reco Love, Love Live! School Idol Paradise and Persona 4: Dancing All Night for PlayStation Vita (PS Vita).
Dingo also worked on Photo Kano for PSP and PS Vita, as well as Ragnastrike Angels for smartphone and PC, both of which eventually got their own anime series.
Kadokawa Games, distributor of Photo Kano and Reco Love, revealed through producer Ichiro Sugiyama on Twitter that they still hold all copyrights for the said games.
— 【公式】レコラヴ 真奈 結菜チェック (@manayuina_check) March 29, 2017
Sugiyama added that he is now in contact with the main staff and starting to write the scenario for Reco Love.
He assured that there is no need to worry and fans can look forward to these games in the future.