Between the releases of Disaster Core: Remaining Fantasy VII Reunion, Forspoken, and Octopath Traveler II, it has been one other busy 12 months for Sq. Enix. Nonetheless, although, the corporate hopes to increase, and this would possibly embody forming or buying new studios.
Right now, 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 growth sources.
In accordance with slides from the corporate’s full earnings report launched right this moment, Sq. Enix plans to “take into account M&A, creating new studios, and taking minority stakes” to usher in extra exterior growth sources.”
As well as, it plans to rent extra engineers and builders “to develop not solely HD and good system video games but additionally content material for future cross-platform choices.”
Sq. Enix additionally revealed that gross sales and revenue had been down throughout its 2023 fiscal 12 months, although it partially attributed this to the dearth of expansions compared to final 12 months’s DLC for Remaining Fantasy XIV. The corporate forecasts a stronger fiscal 12 months in 2024.
Earlier this 12 months, Forspoken developer Luminous Productions was absorbed again into Sq. Enix to proceed engaged on AAA video games, however in March, Sq. Enix mentioned that Forspoken gross sales had been “lackluster.” Its president additionally not too long ago 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.
