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Square-Enix Cancels Unknown Number of Undisclosed Games

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The economy has been hard as of late. Nerds and non-nerds have been affected. Even uber-nerds such as Square-Enix have been hit hard because of it. While initially expecting to make a profit for the financial year ending March 31st 2011, they are reporting a net loss.

Because of this, Square-Enix has cancelled a number of undisclosed games. According to Square-Enix, “Under a rapidly changing operating environment and more prudent estimates of future cash flows, the Company plans to write down goodwill (approximately 8.8 billion yen)”

They added, “Further, as a result of introducing a tightened selection standard regarding title lineup to strengthen the revenue base of the Company’s digital entertainment segment, project development cancellation and related losses (approximately 4.5 billion yen) are expected.”

Along with the economy, the earthquake and ensuing tsunami that struck in March of this year is also to blame. Aside from the obvious ramifications that a natural disaster can cause, Square also did their part to help conserve electricity by shutting down servers for Final Fantasy IX and XIV and waived any subscription fee for the month of April. (However, I’m fairly positive there was more complaining when the servers for FF XIV were turned back on, rather than turned off)

What may help Square-Enix are the big name games that carry their name and are planned to be released this year, such as Deus Ex: Human Revolution, Final Fantasy XIII-2, Tomb Raider, Hitman: Absolution and Thief 4. Square Enix hopes these games will help them bounce back into the positive while gamers just hope that Square-Enix starts putting their name on games that don’t stink.

Your Comments

  • avatar
    Paper92 said May 12th 2011 3:54 PM

    What about Versus 13 guys?!!? That’s the one FF game I’ve been looking forward to for a long LONG time!

    Reply
  • avatar
    mothmanex said May 12th 2011 4:38 PM

    I’m pretty sure they canceled Kane and Lynch 3.

    Luckily FF XIII Versus will be released soon… FFXIII was pretty disappointing, was to cheesy and linear…

    Reply
    • avatar
      jimmy said May 15th 2011 2:38 PM

      um what game isnt linear besides sandbox games now a days all the final fantasy’s are linear

      Reply
  • avatar
    RandallM said May 13th 2011 12:21 AM

    Am I the only one who’s never played a Square-Enix game?

    Reply
    • avatar
      Mag said May 15th 2011 12:08 PM

      yes

      Reply
  • avatar
    solid said May 15th 2011 12:58 PM

    Serves them right for rushing out half assed games maybe now they put more effort & time into their games next time instead becoming another activision & making cash cow games.

    Reply
  • avatar
    admjwt said May 15th 2011 1:53 PM

    theyre relying on those gmaes to help bring them back…if they wont to get out of finacial trouble they should release versus 13 already. ecuase i could care less about tomb raider, deus ex, or theif. they;re all crap in my opinion.

    Reply

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