Due to the rising costs of game production, the abandonment of Square Enix from owning studios, they want to keep a few teams and invest in them free funds, and also focus on working with independent third-party teams.
A priority for Square Enix is reduce investment risks. According to earlier statements, this was especially high in Western studies. That’s why the company abandoned Crystal Dynamics, Eidos Montreal and Square Enix Montreal and sold those teams and brands (such as Tomb Raider, Deus Ex, Thief or Legacy of Kain) for $300 million to the Embracer Group.
Source: Square EnixEmbracer Group Completes Acquisition of Square Enix Western Studios
“I want to find ways to allocate capital to the studios that will allow us to be more flexible.” President Yosuke Matsuda said. This is due to the gradual reduction.
As we know earlier, Square Enix intends to invest in blockchain. But not a word was said about this intention. The President has just promised investors that he will reveal more details in future announcements.
Recall that Square Enix recently announced the end of the failed Babylon’s Fall event from PlatinumGames. Meanwhile, the publisher is gearing up to launch games. forgotten as well as Reunion Crisis Core Final Fantasy VII. The first will arrive in January 2023, and the second on 12/13/2022.
Source :Indian TV
