More Reviews
REVIEWS Dragon Ball XENOVERSE Review
Bandai Namco resurrects the DB fighting franchise without the use of a Dragon Ball. Are the new features worth the sacrifice in combat depth?

Kirby and the Rainbow Curse Review
Kirby and the Rainbow Curse is adorably cute but frustrating to play.
More Previews
PREVIEWS Danganronpa Another Episode: Ult Preview
At NIS America's press event, the publisher revealed the third-person action side story to the Danganronpa series.
Release Dates
NEW RELEASES Resident Evil Revelations 2
Release date: Out Now

Dragon Ball XenoVerse
Release date: Out Now

Screamride
Release date: 03/03/15

BLADESTORM: Nightmare (working title)
Release date: 03/17/15


LATEST FEATURES Final Fantasy - Old Games With Grandpa Heath
I revisit the first Final Fantasy game, recount what made it special, and tell you why it wasn't final (answer: money).

Shadow of Mordor's Final DLC Features "A Really Epic Battle" Between Sauron and Celebrimbor
We interview Director of Design Michael de Plater on the conclusion of Middle-Earth: Shadow of Mordor.

LEADERBOARD
Read More Member Blogs
FEATURED VOXPOP oblivion437
A Means to Disseminate Honest-to-God Leaks
By oblivion437
Posted on 02/02/15
Wikileaks, though technically not a wiki, provides an easy means to disseminate information that some find it desirable to share against the wishes of those who find it desirable to keep secret. Aside from the morality of the leaking itself, such a service provides a look into the activities of...

GAMING NEWS

Square Enix Loses Billions of Dollars

Posted on Thursday, May 12 @ 10:34:35 Eastern by Blake_Morse

If you get a call from Square Enix anytime soon asking if it can borrow some money and maybe crash on your couch for a couple of weeks, don't be surprised. The Japanese publisher that's been a leader in the RPG market for years with series like Final Fantasy and Chrono Trigger is reporting monumental loses of 12 billion yen over the 12 month period that ended this month (May 2011). It's a pretty monumental loss considering they'd predicted that they would make a profit of 1 billion yen.

Of course, the earthquakes and tsunami that devastated Japan were a major factor, but I'm sure Final Fantasy XIV's failure to launch helped out, along with less than stellar performances from some of their other titles as well. Because of the major losses, they've been forced to cancel development on several games that were in the works to try and push themselves out of the red:

"Under a rapidly changing operating environment and more prudent estimates of future cash flows, the company plans to write down goodwill (approximately 8.8 billion). Further, as a result of introducing a tightened selection standard regarding title line-up to strengthen the revenue base of the company's digital entertainment segment, project development cancelation and related losses (approximately 4.5 billion) are expected. Additionally, damage and losses during closures at, and restoration of, amusement facilities resulting from the Tohoku Pacific Ocean Earthquakes and Tsunami caused an extraordinary "loss on disaster" (approximately 0.6 billion)."

Despite all that, Squenix is still confident that they'll make a profit next time, only shortening their 12 month sales forecast down from 130 billion yen to 125 billion yen. Let's hope none of that comes from a new MMORPG.

[Source]

Tags:   square enix


More from the Game Revolution Network




comments powered by Disqus

More On GameRevolution