Cyber Group Studios known for popular IPs such as Gigantosaurus, Press Start and others will be liquidated, according to a ruling of the Paris Commercial Court. It means that the company’s assets will now be sold part by part to make the payment to the creditors.
As per reports, in November 2024, the company entered judicial recovery process, a form of legal protection implemented after a French company becomes insolvent. The French company was asked to try for financial recovery or completely liquidate despite having four take over bidders namely Hildegarde, Solent Productions, Newen Studios and a joint venture between United Smile, Toonz Media Group and Atlas…
