Square Enix reveals its plans to create new studios and acquire others

Square Enix reveals its plans to create new studios and acquire others

Just weeks after confirming it was selling its western studios and IP to Embracer Group for $300 million, Square Enix has announced plans to “create new studios” and acquire others.

The news came amid the company’s recent financial presentation, which revealed that one of Square Enix’s “medium-term business strategy” initiatives is to “increase game development capabilities by establishing new studios, [mergers and acquisitions]Etc.”

As discovered by Axios’ Stephen Totilo (thanks, NME), the company also revealed that the “aims behind the divestment of select foreign studios and intellectual property” – that is, the reason it sold its three western studios – was to “sustainably to achieve growth through corporate source selection and concentration, better alignment of the overseas publishing function with the Tokyo organization and transformation of the Group’s business portfolio”.

The latter point is particularly interesting as it also lays out once again Square Enix’s well-known blockchain plans, which state that the company will “accelerate the adoption and monetization of new businesses by investing in priority areas (blockchain, AI and the cloud) drives )”.

The news came as part of Square Enix’s financial results, which also showed that the company was staying afloat thanks to Final Fantasy 14. As Ed reported at the time, net sales in the MMO sector increased “not only from a sharp increase in the number of monthly paying subscribers to Final Fantasy 14, but also from the release of an expansion pack for the title”.

Last October we reported that Final Fantasy 14 was the most profitable game in the history of the series. The release of Endwalker in December only reinforced that.

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