The sale of Western studios Crystal Dynamics and Eidos Montreal by Square Enix has been discussed at length, but now the company has reported the reason for this decision, something that fans question.
Big studio acquisitions in 2022 are one of the trends we’re seeing in the gaming world. Activision Blizzard, Bungie, Haven Studio, many companies have changed hands.
One of the most recent has been the sale of Crystal Dynamics and Eidos Montreal by Square Enix to Embracer Group. The decision has been a little more controversial than others, since the reasons for this decision were not clear.
However, a few days after this agreement was announced, Square Enix has reported on the reasons that have led the company to sell these two developersknown for creating Tomb Raider, Marvel’s Guardians of the Galaxy and many other games.
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The Japanese company has released a report on its quarterly financial results in which it has shared some details about a capital readjustment plan. Analyst David Gibson commented on all this.
And it is that, in this informative thread the reason why Crystal Dynamics and Eidos Montreal have been sold is mentioned. The decision was apparently made out of concern that “The titles launched by these companies will cannibalize the sales of the rest of the group and, therefore, could improve the efficiency of capital.”
1) Crystal Dynamics/Eidos (CD/E) sale was driven by concerns that the titles cannibalized sales of the rest of the group and so it could improve capital efficiency
—David Gibson (@gibbogame) August 5, 2022
The explanation has not convinced the fans too much, who do not understand the company’s approach. Be that as it may, it seems that the changes at Square Enix have just begun. What does the future hold?
What already seems clear is that Square Enix will not invest in NFT when selling its studios, it will create new ones. Although we remember that, until the sale is formalized, Crystal Dynamics and Eidos still belong to the company.
This has been nuanced again after Square Enix requested the withdrawal of a podcast in which they talked about the new Tomb Raider, Project Jawbreajer. We remember that Crystal Dynamics is already working on a new installment for the saga.