Marvelous Entertainment Ceases New I.P. Development

Marvelous Entertainment announced today that the company is lackluster sales as one of the primary reasons behind the decision.

In light of the performance of Little King’s Story, which was MMV’s last notable new property, developed in collaboration with the now-bankrupt Cing Inc., Marvelous are concerned that they could potentially for mobile phones.

Meanwhile, their traditional games development will plan to develop for the Nintendo 3DS, but as of now, president Haruki Nakayama is unsure of whether or not they will resume development of new properties by then.

Marvelous have been experimenting with ways to streamline their business for some time now. Earlier in the year, the company parted ways with company director and Harvest Moon creator Yasuhiro Wada, who is now an advisor to MMV.

The important point to take away here, though, is that Marvelous are determined not to go out of business and are open to doing whatever it takes to remain in the business of developing games. While I have to it it’s a little unnerving to see a publisher that Siliconera holds so dear — just look at the number of links in this write-up alone — going through a financial crisis, it’s good to see that Marvelous aren’t giving up.