What happened with Square Enix?

One of the latest moves from Matsuda as president of Square Enix was the sale of the company's Western studios. In May 2022, Embracer Group

Embracer Group

Embracer Group AB (formerly Nordic Games Licensing AB and THQ Nordic AB) is a Swedish video game and media holding company based in Karlstad. The company was established under the name Nordic Games Licensing in 2011 as part of Nordic Games Group and as the parent of publisher Nordic Games GmbH.

https://en.wikipedia.org › wiki › Embracer_Group

Embracer Group - Wikipedia

acquired Eidos Montreal

Eidos Montreal

Eidos-Montréal is a Canadian video game developer based in Montreal and part of Embracer Group. The studio was founded by Stéphane D'Astous in 2007 under SCi Entertainment. It became part of Square Enix Europe in 2009 and CDE Entertainment in 2022.

https://en.wikipedia.org › wiki › Eidos-Montréal

Eidos-Montréal - Wikipedia

, Crystal Dynamics, and now-closed Square Enix Montreal for around €300 million.

Is Square Enix in trouble?

Detailing its latest financial results, Square Enix reports that its sales have fallen despite launching a slew of games in 2022. Square Enix has announced that its sales for the current year up to December 31, 2022, have gone down despite its slate of games that were released in 2022.

Is Square Enix on the decline?

T-JP: Tokyo) (OTC: SQNNY) saw revenue decline 12% to ¥92,224 million (about $800 million). Mobile game sales were down 25%, HD game sales were up 10%, and MMO game sales were down 41%. For the nine-month period ending 12/31/22, sales were down 7%, however, profit was up 16% to ¥46,397 million.

What are the failed Square Enix games?

Despite each game clearing at least a million sales, Square Enix has revealed Tomb Raider, Hitman: Absolution and Sleeping Dogs all failed to meet their targets. This news comes on the same day the company projected a 13 billion yen loss and saw its president resign. What is this?

Why did Square Enix sold?

The publisher's reasoning, according to analyst David Gibson, is that its Western studios and their products might have been cannibalizing sales from the rest of the group, so selling them off “could improve capital efficiency” — basically, making more money relative to what the company spends to make more money.

What HAPPENED to Square Enix...

Is Square Enix doing well?

Square Enix's game sales were down in all categories last year. Square Enix's latest financial report shows that 2022 was not a good year for the company, as game sales were down from the same time the previous year. This is despite a long list of releases in 2022, although admittedly not as big as its 2021 offerings.

Why is Square Enix no longer selling FFXIV?

Square Enix is suspending the sales and delivery of Final Fantasy XIV Starter Edition and Complete Edition, because it's doing too well and the company can't keep up. The decision applies to both physical and digital versions of the game and will be enforced in the coming weeks.

What was the recent Square Enix flop?

$100,000,000 in costs and lacklustre sales is not a good combo. Square Enix's triple-A title Forspoken could have cost more than $100,000,000 to develop, it's been revealed.

Is Square Enix in debt?

According to Square Enix 's latest financial reports the company's total debt is $73.73 M. A company's total debt is the sum of all current and non-current debts.

Is Sony trying to buy Square Enix?

This officially puts Sony out of the hunt to buy Take-Two Interactive (19.63 billion), Square Enix (5.6 billion), and Konami (6.7 billion). Kojima Productions isn't out of the budget. The same goes for Ubisoft. But, Hideo Kojima is unlikely to sell out.

Who left Square Enix?

"I've started to count how many more games I'll be able to make in my lifetime." Ryutaro Ichimura, who is known as a chief producer of the Dragon Quest series, has left Square Enix as of March 31, he announced on Twitter.

Who is Square Enix rival?

SQUARE ENIX's competitors include Electronic Arts, Epic Games, Ubisoft, Riot Games.

What is the bloodiest Final Fantasy game?

TechRaptor - Final Fantasy 16 Will Be The Series' Bloodiest, Horniest Game Per ESRB - Steam News. 's rating reflects its violence, sexual themes, and partial nudity, as well as some good old-fashioned blood and gore.

What is Square Enix biggest game?

Of its intellectual properties (IPs), the Final Fantasy franchise is the best-selling, with total worldwide sales of over 173 million units. The Dragon Quest series has sold over 85 million units worldwide while the Kingdom Hearts series has shipped over 36 million copies worldwide.

Is FF14 losing popularity?

Is FF14 losing popularity? Is Final Fantasy XIV dead? FFXIV is far from being dead. In fact, its player base grow day by day and more content are being added on the game.

Why did Square Enix drop Hitman?

"Whether it's our Western studios or Japanese studios, at Square Enix we sometimes end up with conflicts or shortages in terms of resources. I felt that if we were not able to continue sufficiently investing in Hitman, it could wind up ruining the game - so we found ourselves in a difficult position.

Why did Square Enix leave Nintendo?

After a lot of toiling on the development side and frustration, it became apparent that Square could not make the game they wanted on the N64 without several cartridges, and even then the hardware was too limited for what Square had in mind.

Who just bought Square Enix?

Embracer Group agrees to acquire Square Enix Montréal, Eidos, Crystal Dynamics.

How is Square Enix doing financially?

In its new financial reports for 2022, Square Enix states that its sales have dropped 7% compared to the previous year's financial period.

Who did Square Enix sell to?

Embracer Group completes acquisition of Square Enix's western studios. Fully embraced.

Is Square Enix shutting down biggest disaster?

Square Enix has announced it's ending support for co-op multiplayer RPG Babylon's Fall, with the beleaguered game set to permanently shut down only a year after release.

How much money did Square Enix lose?

This volatility and risk was exposed with two major flops for Square Enix; the company's duo of Marvel games, Avengers and Guardians of the Galaxy, not only missed internal expectations but led to an estimated loss of $200 million.

Did Square Enix lose money on FFXV?

Square Enix posts $33 million loss, cancels Final Fantasy XV content amid Tabata resignation. Final Fantasy XV just suffered a massive blow. Final Fantasy XV took ten years to develop, and game director Hajime Tabata made the project a reality.

Is Square Enix closed?

The service was cancelled on September 13, 2015. Some Square Enix games are available in Japan on the G-cluster streaming service.

Why did Final Fantasy 14 fail?

A Lack Of Focus. According to Naoki Yoshida, the design philosophy of Final Fantasy 14's version 1.0 wasn't initially influenced by other MMOs, which may have contributed to a poor understanding of the genre and what a game required to compete in the MMO space.