Square Enix to Establish New Studios and Acquire Others following Sale of Western Studios and IP

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Image: Square Enix

It’s only been a few weeks since Square Enix confirmed that it had sold off Crystal Dynamics, Eidos Montreal, and its other western studios and associated IPs for the arguably bargain price of $300 million to Embracer Group, but the company is already moving on with plans of how it’ll strengthen its structure in the days ahead. Part of that comes by way of Square Enix’s recent financial presentation, in which the Final Fantasy maker confirms that it’s planning to not only establish new studios, but acquire others following its recent sale of the developers behind the acclaimed Tomb Raider and Deus Ex franchises. Critics of the company believe that whoever Square Enix gets ahold of could suffer a similar fate, as its executives seem to love setting very high sales goals that even quality games might have a difficult time reaching. The Deus Ex franchise also reportedly suffered from the publisher’s meddling during the development process.

Each of the long-term objectives behind Square Enix’s recently announced sale of Crystal Dynamics, Eidos-Montréal and Square Enix Montréal to Embracer Group were also outlined. The company wants to optimise resource allocation to create “appealing titles better aligned to customer needs”, to “revisit our existing governance structure”, to better align oversees publishing work with the Tokyo organisation, and to transform its business portfolio to the fields of blockchain, AI and the cloud.

Source: Square Enix (via NME)

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Tsing Mui
News poster at The FPS Review.

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