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Annapurna staves off bankruptcy, saving its indie publishing branch

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September 3, 2019 Indie publisher Annapurna Interactive’s parent company has resolved its debts.

Annapurna, the parent company of indie publisher Annapurna Interactive, says that it’s resolved more than $200 million (£166 million) in debt, potentially helping stave off bankruptcy concerns. According to a report from Variety (via PCGamer), the film studio will now look for financial partners on a case-by-case basis. Variety reports that participants in Annapurna’s credit facility will receive around 82 cents on the dollar to cure the debt, which cast question marks over its future. The deal is said to have closed earlier in the past few days, with official word expected later this week. Annapurna the film studio is the parent company of Annapurna Interactive. Founded in 2016, the indie publisher has helped produce some of the most notable titles of the past few years. What Remains of Edith Finch, The Outer Wilds, and Telling Lies are all products of Annapurna’s investment in the industry.  

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