More Reviews
REVIEWS Life Is Strange: Episode 1 - Chy Review
Oh no, it's a sensitive adventure game featuring a teenage female protagonist. Will everyone freak out?!

Grim Fandango Remastered Review
This little light of mine. I'm gonna let it shine. Let it shine, let it shine, let it shine!
More Previews
PREVIEWS The Legend of Zelda: Majora's Ma Preview
I wish I could claim some mastery over this topsy-turvy classic starring elf boy who saves princess. Predictable, right?
Release Dates
NEW RELEASES RUGBY 15
Release date: 02/01/15

DEAD OR ALIVE 5 Last Round
Release date: 02/17/15

Dragon Ball XENOVERSE
Release date: 02/24/15


LATEST FEATURES Developer Spotlight: Dontnod Entertainment
The developer for Remember Me is quietly becoming a force on the indie scene.

PlayStation Downloads January & February 2015 - Monopoly, January's Free PS+ Games
Have you been playing online with your PlayStation devices? Make sure to get these free games for the month of January in our weekly update feature.
MOST POPULAR FEATURES PlayStation Downloads January & February 2015 - Monopoly, January's Free PS+ Games
Have you been playing online with your PlayStation devices? Make sure to get these free games for the month of January in our weekly update feature.

LEADERBOARD
Read More Member Blogs
FEATURED VOXPOP oblivion437
Finally Broke My Crowdfunding Rule
By oblivion437
Posted on 01/12/15
I've had a long-standing rule to avoid getting involved in any sort of crowdfunded activities.  I didn't donate to Shadowrun or Wasteland, but I did buy and enjoy both of them (I'm plugging both of those games right now, just so you know they're good).  I haven't...

GAMING NEWS

Square Enix's Yoichi Wada Resigns

Posted on Tuesday, March 26 @ 08:10:05 Eastern by Keri_Honea


Yoichi Wada, president and CEO of Square Enix, has resigned his post due to a low fiscal year forecast, low sales of some of the company's expected big hits, and the fact that the industry has and is changing.

Even though Wada's decision has be approved at an upcoming shareholder's meeting in June and the following board of director's meeting, it's expected that it will be passed without objection since the company is expecting a 13 billion yen ($138 million) loss when the fiscal year ends on March 31st. The original fiscal year forecast projected a 3.5 billion profit.

According to Gamasutra, Tomb Raider, HItman: Absolution, and Sleeping Dogs did not sell as well as expected, therefore causing the drop in the fiscal year forecast. As a result, the company is currently undergoing a reorganization that will be put on the books this fiscal year.

While we don't know what Square Enix was originally expecting with these games, they have predicted that by March 31st, Tomb Raider will have sold 3.4 million copies, Hitman: Absolution 3.6 million, and Sleeping Dogs 1.75 million. None of these predictions include games downloaded.

Call me crazy, but the fact that Tomb Raider hasn't been out for a month yet and they're expecting 3.4 million sales sounds fantastic to me. I suppose we really are living in the day and age that due to the large budgets, AAA games must sell at least 4 million units within the first couple of months to be considered a success.
Tags:   Square Enix
FOLLOW ME ON TWITTER. YOU KNOW YOU WANT TO.


More from the Game Revolution Network




comments powered by Disqus