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Square Enix laying off staff from UK and Europe offices
Square Enix has confirmed that it is making widespread layoffs in its UK and European offices, citing disappointing game sales, Tomb Raider, Hitman: Absolution and Sleeping Dogs in particular.
New Square Enix president to "fundamentally review what works and what doesn't"
Posted: 03.04.2013 by Technet2k
Comments: 4
Yosuke Matsuda has been named the president of publisher Square Enix after Yoichi Wada resigned following an "extraordinary loss" this financial year. Matsuda-san will be aggressively reviewing the business.
At a briefing session, the new president said they'd be "thoroughly squeezing out" what doesn't work. A more concrete plan will be unveiled "in the near future," he said.
At a briefing session, the new president said they'd be "thoroughly squeezing out" what doesn't work. A more concrete plan will be unveiled "in the near future," he said.
$100 million titles need "five to ten million" sales for success, ratings "above 8.5"
Posted: 27.03.2013 by Technet2k
Comments: 6
Analyst Billy Pidgeon isn't surprised that Square Enix has called Tomb Raider's four week sales of 3.4 million a 'failure' given the budget behind these kind of titles. The same can be said for Hitman: Absolution.
Square focuses on singleplayer titles and that's an "extremely competitive" market to be in, he says. They've got competition on all sides, big and small, meaning development costs rise.
Square focuses on singleplayer titles and that's an "extremely competitive" market to be in, he says. They've got competition on all sides, big and small, meaning development costs rise.
Tomb Raider sales hit 3.4 million, falls below expectations
Posted: 26.03.2013 by Technet2k
Comments: 12
Square Enix has published their sales figures for Tomb Raider, Hitman: Absolution and Sleeping Dogs - all have fell short of expectations for the publisher. North America was particularly poor compared to Europe.
Tomb Raider has sold 3.4 million in four weeks, which is rather good actually but not according to Square accountants. Hitman: Absolution has sold 3.6 million, and Sleeping Dogs 1.75 million.
Tomb Raider has sold 3.4 million in four weeks, which is rather good actually but not according to Square accountants. Hitman: Absolution has sold 3.6 million, and Sleeping Dogs 1.75 million.
Square Enix in ¥5.7bn loss, due to "increasingly difficult" console market
Posted: 05.02.2013 by Technet2k
Comments: 3
Publisher Square Enix has posted a ¥5.7bn loss for the nine-month period ending December 31st, 2012. This is despite video game sales increasing from ¥95.7bn to ¥102.7bn.
This fiscal year has so far seen Hitman: Absolution, Sleeping Dogs and Final Fantasy XIII-2. Square still holds out hope for their end of year report, as Tomb Raider releases in early March.
This fiscal year has so far seen Hitman: Absolution, Sleeping Dogs and Final Fantasy XIII-2. Square still holds out hope for their end of year report, as Tomb Raider releases in early March.
Posted: 30.04.2013 by JonahFalcon
Comments: 1