The studio behind KI: Uprising reportedly shut its doors last month.
http://www.nintendoworldreport.com/news/31038
Project Sora, the studio started by Masahiro Sakurai, closed at the end of last month.
A message on the studio's website notes its closure as of June 30. The website itself closes as of July 31.
Project Sora, formed by Sakurai in 2009 following the release of Super Smash Bros. Brawl on the Wii, released only one game, Kid Icarus: Uprising on the 3DS, earlier this year. Sakurai's own independent company, Sora Ltd., is unaffected by Project Sora's closing.
Sakurai is currently heading up the development of the next Super Smash Bros. title for Wii U and 3DS alongside Namco Bandai.
It's a business arrangement thing. I am not sure of the actual specifics, but its how a lot of anime are made. A production company is formed between differing partners, "makes" the product and is dissolved at the end as there are no longer any need for the company to continue existing since there isn't going to be a follow up season. They tend to be named "Project whateverthenameis".
My guess is a large part of it is because of Japanese employment law (http://en.wikipedia.org/wiki/Japanese_employment_law) makes it easier to dissolve the company than to lay off staff. Japan has far stronger employment laws than the US where they are nearly non-existant in comparison.
It's a business arrangement thing. I am not sure of the actual specifics, but its how a lot of anime are made. A production company is formed between differing partners, "makes" the product and is dissolved at the end as there are no longer any need for the company to continue existing since there isn't going to be a follow up season. They tend to be named "Project whateverthenameis".
My guess is a large part of it is because of Japanese employment law (http://en.wikipedia.org/wiki/Japanese_employment_law) makes it easier to dissolve the company than to lay off staff. Japan has far stronger employment laws than the US where they are nearly non-existant in comparison.
It's actually commonplace in the US film industry as well.The production company for Sky Captain and the World of Tomorrow (http://www.imdb.com/title/tt0346156/companycredits) is basically a shell company (http://www.corporationwiki.com/California/Beverly-Hills/brooklyn-films-ii/43012831.aspx). They even pointed it out in the DVD special features(Not online as far as a quick search goes). The company was formed just to make the movie and everybody was in on it.
...Especially in the South where its viewed as a privilege to be working at the Whim of the Employer.
Japan has far stronger employment laws than the US where they are nearly non-existant in comparison.
I'm quite sure this was always the plan for this studio.