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Square-Enix sells all of its Western game studios and their games to Embracer

arstechnica.com

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Re: Square-Enix sells all of its Western game studios and their games to Embracer

#11

Post by crate_barre »

oneoff786 wrote: post #4

The newer tomb raider games are the most AAA games I’ve ever seen. Not saying they’re good, or bad, but every other moment is a handcrafted moment. It sort of works. A lot of it is platforming through crumbling environments. Which is pretty cool. It’s sort of overdone too. SquareEnix felt legendary growing up.

It was believed Square’s choice to put Final Fantasy on PlayStation killed the Sega Saturn, and dented N64 adoption. But this is console war mythos, not sure if anyone really dug into it.

The power of Square once upon a time may have been truly legendary, but who knows for sure?

Re: Square-Enix sells all of its Western game studios and their games to Embracer

#12

Post by sorry_outta_gas »

overboard2 wrote: post #9
sorry_outta_gas wrote: post #6

Earlier quoted context omitted.

The 300M received will 100x itself in the cryptospace though, must look to the future not the now. according to square's leadership anyway

How is that relevant?

"In addition, the Transaction enables the launch of new businesses by moving forward with investments in fields including blockchain, AI, and the cloud," Square Enix said.

Re: Square-Enix sells all of its Western game studios and their games to Embracer

#13

Post by WillPostForFood »

awill wrote: post #5

I don't know anything about the debt/risk etc.. around this, but $300M seems very, very low for 3 studios with lots of IP.

You’d think Tomb Raider alone would be worth something like that amount, though maybe it did make up most of the value.

Re: Square-Enix sells all of its Western game studios and their games to Embracer

#15

Post by [deleted] »

sorry_outta_gas wrote: post #6
awill wrote: post #5

I don't know anything about the debt/risk etc.. around this, but $300M seems very, very low for 3 studios with lots of IP.

The 300M received will 100x itself in the cryptospace though, must look to the future not the now. according to square's leadership anyway

[deleted]

Re: Square-Enix sells all of its Western game studios and their games to Embracer

#17

Post by phoboslab »

overboard2 wrote: post #9
sorry_outta_gas wrote: post #6

Earlier quoted context omitted.

The 300M received will 100x itself in the cryptospace though, must look to the future not the now. according to square's leadership anyway

How is that relevant?

> Square Enix says the transaction (which was only $300 million) "enables the launch of new businesses by moving forward with investments in fields including blockchain, AI, and the cloud."

~ https://twitter.com/Wario64/status/1521017861803704321

Re: Square-Enix sells all of its Western game studios and their games to Embracer

#18

Post by haunter »

>The Transaction will assist the Company in adapting to the changes underway in the global business environment by establishing a more efficient allocation of resources, which will enhance corporate value by accelerating growth in the Company’s core businesses in the digital entertainment domain. In addition, the Transaction enables the launch of new businesses by moving forward with investments in fields including blockchain, AI, and the cloud.

https://www.hd.square-enix.com/eng/news/pdf/20220502%20A_Pre...

They are still making incredibly good games (FFXIV, DQXI, Nier, Bravely Default etc.) but for every single good one I swear they make 3 utter shite too + their gacha games are not even that good considering the saturation on the gacha market and what quality games some other companies can make (see Genshin)

But at least Naoki Yoshida is on the board of directors + he is producing the next mainline FF game and I think he has the trust of millions of players considering what they did with XIV. So not all hope lost as long as he is at the company.

Re: Square-Enix sells all of its Western game studios and their games to Embracer

#19

Post by tenebrisalietum »

swarnie wrote: post #10

I'd be interesting to see the full list of IP they've sold. The article only gives three examples, one game I've never heard of, one recycled shooter from the 2000s and then there is Tomb raider - a series with twenty instalments, already milked to dust for pre-sequels, squeals and reboots more times then seems fair. Clearly someone thinks they can squeeze a few more dollars out of people here but personally im not s…

VR Tomb Raider would be neat.

Re: Square-Enix sells all of its Western game studios and their games to Embracer

#20

Post by omoikane »

haunter wrote: post #18

>The Transaction will assist the Company in adapting to the changes underway in the global business environment by establishing a more efficient allocation of resources, which will enhance corporate value by accelerating growth in the Company’s core businesses in the digital entertainment domain. In addition, the Transaction enables the launch of new businesses by moving forward with investments in fields including b…

For me, Square Enix has been more of a manga publisher than a game company in recent years, and on that front I would say they are doing a pretty good job.
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