AlphaDream files for bankruptcy

AlphaDream Corporation, Ltd. (formerly known as AlphaStar) was a video game development company founded in 2000 by Tetsuo Mizuno in Tokyo, Japan, known for hosting former developers from mh:awesomegames:Square, including Super Mario RPG director Chihiro Fujioka. In partnership with mh:awesomegames:Nintendo, it produced software for the Game Boy Color, Game Boy Advance, Nintendo DS, Nintendo 3DS, and Nintendo Switch, including the Mario & Luigi series, their best known spin-off.

What happened?
On October 1, 2019, AlphaDream declared bankruptcy, citing sluggish revenues and high development costs, and being unable to keep up with growing debt (which as of March 2018 was over ¥465 million), possibly due to the commercial failure of Mario & Luigi: Bowser's Inside Story remake on the Nintendo 3DS as the consumers already moved their interest to the Nintendo Switch. Just after declaring bankruptcy, the company ceased their operations and dissolved.

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