Square Enix Game Cancellations Likely as Publisher Records $140 Million Loss in Content Disposal
Revised approach to HD game development formed.
Square Enix appears to have cancelled or at least rescoped the size of multiple unannounced games as a result of an internal review into its development process, with a "content disposal" loss totalling 22.1 billion yen, or $141 million. As a result of the investigation, the publisher shall "revise the Group’s approach to the development of high-definition (HD) games with the intention of being more selective and focused in the allocation of development resources".
The internal study of Square Enix's development processes was revealed earlier this year when president Takashi Kiryu said: "We are reviewing from scratch what the organisational structure is to materialise the contents of the pipeline and what is best." The result, as shared today, suggests the publisher has streamlined its future content output as it records a $141 million loss due to work on titles that'll no longer see the light of day. The unannounced games in question have not been confirmed.
Read the full article on pushsquare.com