Games

Report: Square Enix 'Looking to Sell Stakes in Its Studios'

3 days ago   |   By VG Chartz

Square Enix in a conference call with investors discussed its financial results and future plans. Senior Analyst at MST Financial David Gibson via Twitter has summarized the plans.
The Crystal Dynamics and Eidos sales was "driven by concerns that the titles cannibalized sales of the rest of the group and so it could improve capital efficiency," according to Gibson. This was phase 1 and phase s is the "diversification of studio capital structure."
"Rising development costs of making games means with 100% owned studios, they need to be selective and concentrate resources, which limits...
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Square Enix Reportedly Looking to Sell Stakes in its Studios

Square Enix Reportedly Looking to Sell Stakes in its Studios

4 days ago   |   By Gaming Bolt

Though Square Enix recently sold Crystal Dynamics, Eidos Montreal and Square Enix Montreal to the Embracer Group, this was only phase 1 of its plans. MST Financial senior analyst David Gibson reported on a recent conference call that the Japan-based publisher held, discussing its recent financial results. The sale of Crystal Dynamics and Eidos was reportedly “driven by concerns that the titles cannibalized sales of the rest of the group and so it could improve capital efficiency.”
Following the sale, the publisher initially said that it would invest in AI, the cloud and blockchain along...
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