Forum - View topicNEWS: Sony Sells Its Entire Stake in Square Enix
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Cyclone1993
Posts: 947 |
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Will this end up canceling KH3 on the PS4? If another company could buy full stake in Square Enix, they would probably make a killing. I doubt Microsoft cares, but if Nintendo can snatch it up, they'd make a pretty penny.
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GrilledEelHamatsu
Posts: 703 |
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It was already announced over 8 months ago to be ported to PS4. |
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GrilledEelHamatsu
Posts: 703 |
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That's up to SqaureEnix, but like I said. SE won't be doing anymore business with Sony in the near future. |
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Bolaum
Posts: 124 |
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I know. I just didn't know it was already released. I thought it was still in beta. |
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GrilledEelHamatsu
Posts: 703 |
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It just got released this week. |
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hojo 360
Posts: 429 |
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I love how people are jumping the gun all this shows is that Sony needs cash or rather they don't need Square Enix this don't mean Square Enix is done or Sony is done
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Tuor_of_Gondolin
Posts: 3524 Location: Bellevue, WA |
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Sony might've sold the shares to free up some more cash, but that doesn't mean that part of the reason they chose to cash out of *Square-Enix* in particular is that they felt it wasn't particularly useful for them going forward... that Square-Enix was no longer a benefit to their stock portfolio.
So, yes, Sony is having troubles financially, but that doesn't negate Sony's apparent view of S-E's future value. Also, S-E isn't going to stop making games for the PS platform: there are only so many platforms they can put their games on, and if they sulk and refuse to make games for the PS platform, it will do them some serious financial harm in terms of lost sales --> lost revenue. S-E isn't doing so well that they can afford to take that sort of financial hit. |
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Zac
ANN Executive Editor
Posts: 7912 Location: Anime News Network Technodrome |
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Every piece of minor financial news in the games industry immediately results in "every single company is going out of business" doomsaying in the comments section. This thread in particular has once again attracted our most cherished games industry business analyst, grilledeel "sega is making a new console" hamatsu. |
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Utsuro no Hako
Posts: 1035 |
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Yup, all the Gangan magazines are SE. They don't have any mega-sellers like Attack on Titan or even Kimi ni Todoke, but they have a lot of solid series like Watamote, Working!! and High Score Girl, so it'd be a shame if they went out of business. |
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Fatt_One
Posts: 131 Location: Ohio USA |
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Somehow I doubt SE will abandon the current gen console with the strongest sales, and hell, all of SE last gen games sold best on PS3 so SE would be foolish to just drop support like that. |
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hojo 360
Posts: 429 |
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enurtsol
Posts: 14773 |
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There's no reason for Square-Enix and Sony to stop working together just because Sony is no longer a S-E stockholder.
http://en.wikipedia.org/wiki/Olympus_scandal http://www.engadget.com/2013/02/25/olympus-confirms-that-sony-is-now-its-largest-shareholder/ http://www.digitaltrends.com/photography/olympus-using-more-sony-camera-components-to-cut-costs/
http://techcrunch.com/2011/08/31/sony-hitachi-and-toshiba-make-their-lcd-business-merger-official/ http://www.itproportal.com/2012/05/17/toshiba-stops-japanese-lcd-tv-production/ |
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hojo 360
Posts: 429 |
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Why is this news to people? In the past year, Sony has announced that it will sell two major office buildings, lay off thousands of employees, and even sell its PC division as a means to return to profitability. None of that means Sony is shutting down it just means there getting rid of stuff they don't need Square Enix being one of them dose this mean Square Enix will stop making games no so all is well this is nothing new
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Sheleigha
Posts: 1673 |
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I hope no one honestly believes that SE would focus on Xbone titles for Japan...
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ZaZaBoY
Posts: 4 |
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You, my dear friend, don't seem to know what the hell you are talking about. Just because Sony sold it's SE shares, doesn't mean that SE will stop making business with them lol. Microsoft doesn't hold single SE share (to my knowledge), but SE still develops most of it's main franchises for XBox aswell, and you wanna know why? Because they need the sales, that's why. SE needs Sony more than the other way around, as the Playstation is currently the best selling console of this gen and also of last gen, so abandoning Sony would be the dumbest move there is by SE. About the exclusives, SE has gone multiplatform since FF13, and back then Sony was still holding the shares. Also SE develops a shitload of japan only exclusives for sony platforms, and they will keep doing so if they wanna make any money, and believe it or not, the japanese market is very important to japanese companies, so SE won't abandon it's dear friend, no worries Last edited by ZaZaBoY on Wed Apr 16, 2014 1:08 pm; edited 1 time in total |
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