Square Enix continues to develop its games in PCSteam Deck, PS4, PS5, Xbox, Nintendo Switch y mobile con Android e iOS. But at the close of its fiscal year it has seen a decline in sales y benefitswhich apparently calls them create new studios and acquire others.
With the recent releases of Crisis Core: Final Fantasy VII Reunion, Forspoken, and Octopath Traveler II it’s clear that it’s been a busy fiscal year at the Japanese company.
But even so, the publisher and developer still wants (and hopes) to expand in some way. This situation could occur with the union of studies to the subsidiary in any of its financial forms.
Thanks to what we read through IGN, it seems that Square Enix would have revealed that it is thinking of buying and creating new studios to create video games.
This would be part of his plan to increase internal development resources, although we’ll see how it all ends. Remember the sales to Embracer Group or the recent closure of Luminous Productions to merge with the company.
According to slides from the company’s recently released full earnings report, they plan to “consider M&A, create new studios, and take minority stakes” to “bring in more outside development resources.”
In addition to this, they plan to hire more engineers and developers “to create not only games in HD and for smart devices, but also content for future cross-platform offerings.”
In March it became known that the current CEO de Square Enix could step down after tepid recent releases and his posture for NFT.
Cryptocurrencies and NFTs did not help to give it a good image
Square Enix also revealed a decline in sales and profits during fiscal year 2023, although they partially attribute it to the lack of expansions that it did have during 2022.
Remember that last year there was a lot of movement with the extra content for Final Fantasy XIV, the MMORPG in the Final Fantasy universe which is fronted by Yoshi-P and continues to be extremely popular.
The company anticipates a stronger fiscal year in 2024, because at the moment and in just over a month they will release Final Fantasy 16 in PlayStation 5; Maybe later it will come to PC.
Square Enix considers creating new studios and acquiring others Seeing a drop in sales and profits, do you think it’s going to be a good idea?
