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Reflector BANDAI NAMCO Today, I informed our teams that I made the decision to not greenlight further work on a future project that was in conceptualization phase and thus terminating this development line. Continuing this project would not have been sustainable for the future of the studio. Regrettably, this also means that there will be redundancies following this decision. This decision correlates directly with the failure of the studio's ambitious and courageous first project, a new IP with a rich transmedia universe. The performance of the release didn't come near the company expectations, after numerous timeline adjustments and investments, both financially and other, and didn't warrant any further exploration in this universe. Unfortunately, this also affects back-office staff, bringing the support teams in line with the single project approach the studio will adopt for the imminent future. Where possible, staff will be assigned to this project, based on an existing Bandai Namco IP, which is shaping up very well. Reflector Entertainment will be providing adequate severance packages, extended health benefits for affected staff and their families, continued access to emotional, mental health and counselling services and finally, proactive career planning support to set them up for future success. Bandai Namco Entertainment Europe will continue investing on creating Western content for global audiences, in line with the Group's vision. Herve Hoerdt CEO, Reflector Entertainment / CCO, Bandai Namco Entertainment Europe

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Unknown 9: Awakening - Reflector Entertainment CEO Herve Hoerdt

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Reflector BANDAI NAMCO Today, I informed our teams that I made the decision to not greenlight further work on a future project that was in conceptualization phase and thus terminating this development line. Continuing this project would not have been sustainable for the future of the studio. Regrettably, this also means that there will be redundancies following this decision. This decision correlates directly with the failure of the studio's ambitious and courageous first project, a new IP with a rich transmedia universe. The performance of the release didn't come near the company expectations, after numerous timeline adjustments and investments, both financially and other, and didn't warrant any further exploration in this universe. Unfortunately, this also affects back-office staff, bringing the support teams in line with the single project approach the studio will adopt for the imminent future. Where possible, staff will be assigned to this project, based on an existing Bandai Namco IP, which is shaping up very well. Reflector Entertainment will be providing adequate severance packages, extended health benefits for affected staff and their families, continued access to emotional, mental health and counselling services and finally, proactive career planning support to set them up for future success. Bandai Namco Entertainment Europe will continue investing on creating Western content for global audiences, in line with the Group's vision. Herve Hoerdt CEO, Reflector Entertainment / CCO, Bandai Namco Entertainment Europe

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