Square Enix's new annual report indicates that the publisher recently suffered an extraordinary loss of $ 33 million. According to the company, the restructuring of the developer Luminous Productions is responsible for this. After the release of the game director Hajime Tabata, the team is now working on a new AAA title for the global market.
Publisher Square Enix has released the new annual report for the last quarter of the week. Among other things, the company must accept an extraordinary loss of $ 33 million. The main reason Square Enix calls for the restructuring of the newly founded development studio Luminous Productions. Along with the game director Hajime Tabata, previous developers of Final Fantasy 15 worked on an AAA game as well as additional entertainment content.
Having announced this morning that Hajime Tabata no longer works with Square Enix, Square Enix also announced the new direction for Luminous Productions. Thus, the studio will only work on a new AAA title for the global market in the future. If this is still the project by Hajime Tabata, it is unclear so far. Square Enix did not generally achieve a successful quarter.
Compared with the previous year, sales declined by a total of 15 percent. Although Tomb Raider was released in September, Square Enix could only break in half of the previous year's quarter. With Kingdom Hearts 3 in January 2019, a major highlight for the publisher. At the beginning of December, Just Cause 4 will be released, which we recently tested ourselves.