Has anyone heard Bandai entertainment is closing down?

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

There will be always new companies being formed to make make もっと見る 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 もっと見る 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 アニメ ファン downloading. It's also the economy. Many people can't just jump up to buy animes. There's alot of things involved not just アニメ ファン not buying stuff.