Latest Updates
Who's Online
Please sign in to add comments
It was perfect, why mess with it. Cart Contents
| Item: | Price: | Qty: |
|---|---|---|
| Total: R 0.00 | ||
User Content
Latest Poll
News
Square Enix Will Buy Or Create New Studios Just One Week After Selling Western Studios
Square Enix has confirmed that it will buy or create new studios under its umbrella just one week after it sold its biggest Western development studios. Square Enix sold its Western developers to Swedish company Embracer for $300 million in order to invest in blockchain technology and AI.
The main development houses sold to Embracer include Crystal Dynamics, Eidos Montreal, and Square Enix Montreal, giving Embracer ownership of IPs such as Tomb Raider and Deus Ex. Square Enix president Yosuke Matsuda also stated that it shouldn’t be concerned with making games for Western audiences.
READ NOW Starfield Devs Were Worried it Would Be “Next Cyberpunk” if Not Delayed
Now Square Enix has further explained their reasoning behind selling its IPs and wanting to establish new studios under the Square Enix umbrella. Square Enix stated that the sales would allow the company to sustain growth through “selection and concentration of company resources”, better align its overseas publishing with Tokyo HQ, as well as focus on blockchain, AI, and the cloud.
Further, the company said that it plans to overhaul its Digital Entertainment profile through various means, including creating new IPs, streamlined group management, and “boosting game development capabilities by establishing new studios, M&A, etc”.
While surprising that Square Enix intends to create new studios or purchase them so soon after selling three major development studios, it does sound like the new studios they intend to purchase/create will be more aligned with their recent statements and vision.
Square Enix, which recently sold off three studios, hopes to establish some new studios pic.twitter.com/DoeIC0NZtX
— Stephen Totilo (@stephentotilo) May 13, 2022
Square Enix also stated, alongside the announcement from Embracer regarding its agreement with the Japanese publisher, that “going forward, the company’s development function will comprise its studios in Japan, Square Enix External Studios, and Square Enix Collective”. Square Enix will retain Just Cause, Outriders, and Life is Strange IPs.
There are 2 comments
Please login to post comments.
More News
Call of Duty: Black Ops 5 Concept Art Leaks Online
Concept art for the supposed 2024 entry into the Call of Duty franchise has reportedly popped up online...
04-07-22 Read more
Sony Patents a Way For PS3 Accessories to Work on Modern Consoles
Sony has just filed a new patent on 30 June that outlines ways to emulate PS3 accessories on modern ...
04-07-22 Read more
EA’s Seattle Studio Hiring for Next Battlefield Single-Player Campaign
EA has begun recruiting developers to join its new Seattle studio to begin work on an upcoming single...
04-07-22 Read more
Loot Boxes Will Soon be Banned in Spain and The Netherlands
Over the weekend two European governments submitted a motion to ban loot boxes in the region. The first...
04-07-22 Read more
Destruction AllStars Developer Still Devoted to Game Despite “Rocky Start”
Destruction AllStars developer Lucid Games has stated they are still devoted to the game despite its...
01-07-22 Read more
EA Shows Off Pre-Pre-Pre-Alpha For New Skate Game
Back in 2020 EA Games announced that the company was developing a new Skate game. The development team...
01-07-22 Read more
God of War Ragnarok Collector’s Edition Details Leak
I feel like God of War Ragnarok leaks are now a daily thing here on the site. For the past few days ...
01-07-22 Read more
Need for Speed 2022 Release Date and Title Leaked – Report
The next Need for Speed game is still on track to release later this year, but now we may have a release...
01-07-22 Read more
Star Ocean: The Divine Force Gets October Release Date
We haven’t had a new Star Ocean game since back in 2016 when Star Ocean: Integrity and Faithlessness...
30-06-22 Read more
Games Leaving PlayStation Plus in July
We already know that the all-new PlayStation Plus service will see games come and go from the lineup...
30-06-22 Read more
Odd as I know Outriders is not a "smash" success for them. I know the one report was where the studio (think its People can Fly) said that they have not received any rev from the sale and Gamepass and service level systems in place and that if the game broke even to marketing and production cost, they will start to see some revenue coming in. Hopefully with the new expansion and some push we might see the game build some momentum.