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Square Enix Losing Money and Cancelling Games

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First published at 00:53 UTC on May 18th, 2024.

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Square Enix faces a downturn, cancels projects after poor choices and game releases, and plans to allocate resources more selectively. The company expects a loss of approximately $140 million from game cancellations in the fiscal year ending March 2024. Despite these challenges, major titles like Final Fantasy VII Remake and Kingdom Hearts 4 are likely safe. Their next major release, the Dawntrail expansion for Final Fantasy XIV, is scheduled for July 2nd.
#SquareEnix #layoffs #videogames

ARTICLE: https://boundingintocomics.com/2024/04/30/square-enix-cancels-multiple-console-games-suffers-multi-million-dollar-loss-as-part-of-plan-to-be-more-selective-and-focused-in-the-allocation-of-developmental-resources

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