Start with It was announced that Square Enix is selling the studios Crystal Dynamics, Eidos Montreal and Square Enix Montreal to the Swedish Embracer Group. Later Square Enix reported that the sales will allow the company to invest in blockchain technology, but there are also apparently plans to fund new and (purchase of) existing studios.
This is evident from the publication of Square Enix’s financial results last Friday, in which the company reflects on the reasons behind the sale. Square Enix says it wants to reshape its Digital Entertainment portfolio by creating new IPs, making decisions faster (via “group management”) and “boosting game development capabilities through new studios, mergers and acquisitions, etc. .”
Square Enix says it will better align its overseas publishing operations with its Tokyo headquarters through the “selection and concentration of assets.” That, and a better focus on new companies involved in blockchain, artificial intelligence and clouds, among others, as Square Enix pointed out earlier.
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