Square Enix, a Japanese game developer and publisher, has announced that it plans to build new studios in the United States, Canada and other parts of Europe following its sale of Western studios. The company also revealed that due to high levels of debt incurred during their acquisition spree they will be selling off many IPs as well as establishing publishing partnerships.
Square Enix is going to be establishing new studios and acquiring others following the sale of Western Studios and IP. This will help them expand into other markets as they continue their global expansion.
Square Enix image
It’s only been a few weeks since Square Enix announced that it had sold Crystal Dynamics, Eidos Montreal, and its other western studios and associated IPs to Embracer Group for an arguably bargain $300 million, but the company is already moving forward with plans to strengthen its structure in the coming days. Part of this comes from Square Enix’s recent financial presentation, in which the Final Fantasy creator admits that, after its recent sale of the creators behind the famed Tomb Raider and Deus Ex franchises, it plans to not only start new studios, but also purchase others. Square Enix’s critics say that anybody it acquires would face a similar fate, since its executives appear to like setting very high sales objectives that even good games may struggle to meet. The Deus Ex series was also said to have suffered from the publisher’s interference during production.
Square Enix, which just sold three studios, is hoping to open several new ones. twitter.com/DoeIC0NZtX
May 13, 2022 — Stephen Totilo (@stephentotilo)
Each of Square Enix’s long-term goals for the sale of Crystal Dynamics, Eidos-Montréal, and Square Enix Montréal to Embracer Group were also highlighted. The corporation intends to optimize resource allocation to develop “appealing titles more suited to client demands,” “revisit our present governance structure,” better integrate oversees publishing efforts with the Tokyo organization, and expand its business portfolio to blockchain, AI, and the cloud.
Square Enix (source) (via NME)
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Square Enix announced that they will be establishing new studios and acquiring others following the sale of Western Studios and Intellectual Property. Reference: square enix stock.
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