Annapurna has resolved debts of over $200 million

News
By published

The arthouse game publisher's parent company is a movie producer with several recent flops to their name.

(Image credit: Annapurna)

You may know Annapurna Interactive for games like What Remains of Edith Finch, Ashen, and Outer Wilds, but while it's been publishing well-received and visually striking games, its parent company, Annapurna Pictures, has had to explore bankruptcy options after financing several box-office bombs (including Vice, The Sisters Brothers, and Destroyer), and racking up hundreds of millions in debts.

According to Variety that debt has now been resolved, and creditors "will receive roughly $0.82 on the dollar to cure more than $200 million in debt". In future Annapurna Pictures will either find financing partners for movies "on a case-by-case basis" or they'll be paid for by Annapurna's wealthy owner, Megan Ellison.

In the past Annapurna Pictures has co-produced several hits, including Zero Dark Thirty, American Hustle, and Sausage Party, all of which grossed over $100 million. Annapurna Interactive recently published Telling Lies and the PC ports of Journey and Flower, and next year will release time-looping adventure game 12 Minutes.

Jody Macgregor
Jody Macgregor
Weekend/AU Editor

Jody's first computer was a Commodore 64, so he remembers having to use a code wheel to play Pool of Radiance. A former music journalist who interviewed everyone from Giorgio Moroder to Trent Reznor, Jody also co-hosted Australia's first radio show about videogames, Zed Games. He's written for Rock Paper Shotgun, The Big Issue, GamesRadar, Zam, Glixel, Five Out of Ten Magazine, and Playboy.com, whose cheques with the bunny logo made for fun conversations at the bank. Jody's first article for PC Gamer was about the audio of Alien Isolation, published in 2015, and since then he's written about why Silent Hill belongs on PC, why Recettear: An Item Shop's Tale is the best fantasy shopkeeper tycoon game, and how weird Lost Ark can get. Jody edited PC Gamer Indie from 2017 to 2018, and he eventually lived up to his promise to play every Warhammer videogame.