Has anyone heard Bandai entertainment is closing down?

It's because of us.
The 아니메 business is having a lot of trouble because alot of 아니메 팬 don't actually buy anime. They watch it for free on some site 또는 download it (which is illegal btw)
It costs these companies money to produce 아니메 and when they don't get that money back, they suffer. Scanlations are super bad for mangakas too.
So yeah, lots of 아니메 and 망가 businesses have gone under (like Bandai & Genon) 또는 are having trouble (like Funimation)

There will be always new companies being formed to make make 더 많이 releases. There's a ton of companies that make releases for alot of otaku things and from what i read they aren't closing completely. They just aren't making any 더 많이 releases. Which is far different than closing completely. Tons of companies will going under and yet tons of companies will come back. It isn't just the 아니메 팬 downloading. It's also the economy. Many people can't just jump up to buy animes. There's alot of things involved not just 아니메 팬 not buying stuff.