Last week began with a lot of controversy in the video game industry, as they revealed several studio closures by Microsoft, which included none other than Tango Gameworks, who a year ago exclusively launched the rhythm game, HiFi Rush!. And now, this Monday square enix has given them something to talk about, as they talked about giving the company a reboot, a turn with which they hope to take back the reins and increase numbers to remain among the leaders of this business.
In the process it has been said that they canceled several contemplated projects, which supposedly would not be fitting with their new business model, and given this people have raised alarms, since this could include launches that have already been announced previously. However, fans of franchises like Kingdom Hearts, Final Fantasy or Dragon Quest You can rest assured, given that these three sagas are the banner of the company.
According to a new report, profits decreased almost 70% from the previous year, partly due to the recognition of 22,087 million yen ($141 million) in content disposal losses as an extraordinary loss. And the losses were based on the termination of development efforts for some key pieces of content in the digital entertainment segment, which boils down to canceling projects already started or in planning.
The company says the projects were canceled because they do not fit with its new medium-term business plan, specifically its new approach to how projects are developed. The new strategy is called ‘Square Enix Reboots and Awakens’, and it highlights several ways in which it plans to offer higher quality games and meet traditional users but at the same time address a totally new audience.
Here what was mentioned:
A project-by-project review of the feasibility of continued development found that these particular efforts were incompatible with the group’s revised approach to HD game development, which reflects goals such as cross-platform development and strengthening internal development capabilities.
As we mentioned, the main sagas of square enix have not been affected, so their games should follow a common development process.
Via: VGC
Author’s note: The truth is I had already been worried about the fate of Kingdom Hearts, but they just released a beta of the title for cell phones and that completely calmed me down. I’m still waiting for them to give us an announcement of the fourth main game, hopefully at the Summer Game Fest.
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