Holy shit, Square Enix has lost their minds

Makoeyes987

Makoeyes987

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Makoeyes987

Makoeyes987

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That's still profit. :monster:

They can easily see increased profits over time from those games just existing, like an investment. They merely need to continue to make sales without any further update. And it ultimately builds their brand. I get wanting a higher return immediately upon completion but SE just fire sold IPs that could easily have earned them far greater profits, acclaim and value over time with just a modicum of investment just so they could cash out and play on the NFT casino.

Granted, there's a ripe field of suckers eager to burn cash on literally nothing so I can see the lucrative, con artist appeal. But it still comes off as reeking in desperation and vulture capitalism. Can't wait for the first video game studio to get their wallet hacked.
 
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Fiz

Fiz

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Eh?
I understand wanting higher profits. But, Tomb Raider is an important legacy brand.

Heck, its one the brands, much like FF, that helped prove videogames as a credible medium in the 90's. I would have thought they would want to hang onto it for its importance alone. Its valuable beyond just each games profit margins.

I also think SE's reboot were decent games.
 
Makoeyes987

Makoeyes987

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Fiz said:
I understand wanting higher profits. But, Tomb Raider is an important legacy brand.

Heck, its one the brands, much like FF, that helped prove videogames as a credible medium in the 90's. I would have thought they would want to hang onto it for its importance alone. Its valuable beyond just each games profit margins.

I also think SE's reboot were decent games.
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Exactly. This shows their executives literally have no real grasp of what they were even holding. Tomb Raider was one of their franchises that put them on the map and they didn't even fucking know it.

Under their ownership Lara Croft resurged as a viable, respected and badass heroine who made hella bank and spawned a resurgence of her brand.

They sold her off for basically pennies. To play with blockchain jpegs.

Complete crypto clown shit.
 
looneymoon

looneymoon

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Ite said:
I think you mean i-conical ;)

Okay I may be behind on the whole cuckchain thing, but… isn’t owning an IP just infinitely more valuable than owning an NFT or crypto shit? It’s like selling a cow for milk.
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I would think a company like Konami would still have the theoretical right to sell Solid Snake's asscrack on the blockchain? What SquEnix has done is possibly even more bizarre than Konami just hoarding properties like Silent Hill and Metal Gear Solid. It may actually be for the benefit of these IPs if they planned to just leave them to rot in that same way :monster:
 
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Strangelove

Strangelove

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hitoshura
at least pachinko machines are enduring and have been around for years. i hope to god nfts aren't around in the future because they're fucking stupid

i saw the headline but didn't see the blockchain/nft/cloud thing (what does that mean exactly, plus squenix've been trying to do cloud gaming for like a decade+ now??). that is sad

a profit margin of under 1% sounds pretty low and like something you'd want to do something about, but one of the benefits of being a massive corporation with multiple divisions is that other ones can pull some of the slack where others might underperform but have less concrete rewards (like owning one of the most well-known ip in gaming such as tomb raider lol). in my unprofessional opinion that might be part of the reason why netflix is struggling compared to other streaming platforms. its big competition are some of the biggest corporations on the planet which also have massive sources of income from other avenues (amazon with its e-commerce and web services, apple with is tech products, disney with its massive franchises). netflix is just netflix, so a dip in that business will hit harder. also they cancel everything and spend like $200 mil on a film no one remembers a month later

square enix isn't at the level of those companies, but it does have things like its publishing business which i thought was doing alright. things like ff14 are long running successes. some of their live services games like that avengers one or babylon's fall have flopped but i don't know if that was to the level of needing to sell things off. especially for blockchain stuff, has there been any successful blockchain game or mainstream nft thing pushed by an established company

(but if the failure of babylon's fall hurts platinum games in a way that affects bayonetta 3 i will be visiting this nft-loving square enix ceo, i just want to talk)
 
Prism

Prism

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I currently have no faith in the business sensibilities of these large Japanese game companies. I mean, western ones like Ubisoft and Activision are blatantly bad as well, and probably much worse overall, but there's something uniquely cynical about the way these Japanese companies operate. Mid-2010s Capcom, modern Konami, and so on are all examples of this. Now Square Enix is showing a similar tendency. It's very strange.
 
C

Clement Rage

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Stupid question: What in hell is a pachinko machine?

Do we know anything about the buyer? Are they going to do anything or just sit on the IPs and sell them off again?

Square is big enough that they don't have to care, it's an easy way to make quick cash.
 
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