It is no secret that Square Enix is not going through its best moment. It is true that Final Fantasy continues on the crest of the wavewith the MMO Final Fantasy XIV as the best-selling game in its latest financial report, and with the highly anticipated Final Fantasy 16 in the offing.
However, the Japanese company has not yet recovered from the shock after Marvel’s Avengers (which will stop receiving support in September) and Marvel’s Guardians of the Galaxy.
Both games caused heavy losses for Square Enix, since they were notorious sales failures and the investment in them was enormous. It is one of the reasons that explains the sale of Crystal Dynamics and Eidos Montreal to Embracer Group for 300 million dollars.
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History repeats itself with Forspoken. The AAA of Luminous Productions has not been the expected success, which has caused the reintegration of the study within Square Enix, as a precautionary measure.
As if that were not enough, the decision to approach blockchain technology and NFTs has not pleased the players. The board of directors believes that It’s time to change the direction of the company.
Major changes are coming at Square Enix
The board of directors of the Square Enix group has recently met, and an official statement has been issued this morning clarifying the situation. Apparently, the company is looking for a change in general direction.
In the document you can read that the board of directors wants replace Yosuke Matsuda with the current director of Square Enix, Takashi Kiryuin a change scheduled to take place in June.
Of course, the idea is that Yosuke Matsuda himself resigns from office, which would make the change in general direction much easier. In this way, Kiryu would become the CEO of Square Enix.
Yosuke Matsuda is currently the CEO of the company. Under his mandate, key decisions have been made, such as the bet on NFTs or multi-million dollar investments in Marvel heroes.
There are no guarantees that Matsuda will be removed from office, as in the first instance you want to look for a friendly relay by the shareholders meeting.
Why do you want to make this decision? Square Enix’s board of directors understands that wrong decisions have been made in recent months, which would explain the current situation of the company in the industry.
Marvel’s Avengers and Marvel’s Guardians of the Galaxy failed miserably, but the company isn’t happy with the commercial performance of Live a Live Remake, Outriders, or even Dragon Quest X, either.
Forspoken’s tepid launch is the straw that broke the camel’s back. To top it off, public opinion has hit Square Enix after its firm commitment to NFTs and blockchain technology.
Therefore, it is expected that in June Square Enix announces Takashi Kiryu as its new CEOspecifying the departure of Yosuke Matsuda… whose role is not defined in the change proposal that Square Enix presented this morning.
