Description: DON'T NOD entered French safeguard proceedings in October 2026. Here's what that means for a possible Lost Records: Bloom & Rage sequel, based on the company's filing and actual fan discussions.
As of October 24, 2026, Lost Records 2 has neither been officially announced nor cancelled. DON'T NOD has entered a French court-supervised safeguard procedure to continue operating while seeking financing. That creates serious uncertainty for future original games, but it is not a sequel cancellation announcement.[1]
Spoilers: No major ending revelations from Bloom & Rage.
What the October filing says
A Paris court opened the procedure on October 19, initially allowing six months of observation. DON'T NOD reported first-half 2026 revenue of approximately €6.1 million, down 14% year on year, and operating EBITDA of negative €4.3 million. Continuing beyond January 31, 2027 depends on securing external financing.[1]
Safeguard is intended to buy time for a solution, not announce an immediate shutdown. Still, the proposed consolidation of French production into one line could affect up to 85 positions. The risk is real even though the company is still pursuing a way forward.
The concern is about unfinished possibilities
In a June 16 discussion on r/LostRecordsGame, one player said a sequel already looked unlikely given the first game's commercial performance and feared the financial situation could make it even harder. Another hoped the Netflix project might keep the studio alive and eventually allow Lost Records 2.[2] These are documented individual reactions, not a poll of the entire fandom.
Bloom & Rage connects teenage friendships and an adult reunion through two tapes. Wanting another game is about revisiting the characters' memories and choices, not simply putting a number two on the cover. That is why a financial statement can feel like a threat to a story's future.
Could the Netflix project help?
The filing confirms that the Montréal team is developing a separate narrative game based on a major Netflix property, with development revenue already recorded.[1] This is an active project, not evidence of a Lost Records sequel.
Contract work could provide financial stability while taking staff time away from an original game. Successful work might also create room for original projects later. Both outcomes are possibilities, not announced plans. The key signals are new financing, continued work in Montréal, and an explicit Lost Records announcement.
Conclusion
Lost Records 2 remains an unannounced possibility. The existing tapes can be replayed today; recording a new one requires a studio that can afford to keep the camera rolling.
Sources / en: [1] DON'T NOD financial update, 20 Oct 2026; [2] r/LostRecordsGame, 16 Jun 2026; [3] r/Pricefield, 20 Oct 2026.
