Between the releases of Disaster Core: Closing Fantasy VII Reunion, Forspoken, and Octopath Traveler II, it has been one other busy yr for Sq. Enix. Nonetheless, although, the corporate hopes to develop, and this would possibly embrace forming or buying new studios.
As we speak, Sq. Enix revealed that it is considering creating new studios and buying present studios as a part of its plan to develop its in-house improvement assets.
Based on slides from the corporate’s full earnings report launched in the present day, Sq. Enix plans to “take into account M&A, creating new studios, and taking minority stakes” to herald extra exterior improvement assets.”
As well as, it plans to rent extra engineers and builders “to develop not solely HD and sensible system video games but in addition content material for future cross-platform choices.”
Sq. Enix additionally revealed that gross sales and revenue have been down throughout its 2023 fiscal yr, although it partially attributed this to the shortage of expansions compared to final yr’s DLC for Closing Fantasy XIV. The corporate forecasts a stronger fiscal yr in 2024.
Earlier this yr, Forspoken developer Luminous Productions was absorbed again into Sq. Enix to proceed engaged on AAA video games, however in March, Sq. Enix stated that Forspoken gross sales have been “lackluster.” Its president additionally just lately stepped down after a 10-year run that led to controversial blockchain advocacy.
Amelia Zollner is a contract author at IGN who loves all issues indie and Nintendo. Exterior of IGN, they’ve contributed to websites like Polygon and Rock Paper Shotgun. Discover them on Twitter: @ameliazollner.