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Square Enix holds garage sale: gets only $300M
Posted on 5/2/22 at 1:40 pm
Posted on 5/2/22 at 1:40 pm
Square Enix sells Eidos, Crystal Dynamics, and Square Enix Montreal and major IPs attached to them, including Tomb Raider, Deus Ex and more.
Considering the catalog, it wouldn't shock me to see Embracer at least break even on this within 2-3 years just from continued sales of Tomb Raider and Deus Ex games. If they were to make worthwhile revivals of Legacy of Kain and Thief then the sky is the limit.
quote:
Square Enix is selling studios Eidos, Crystal Dynamics and Square Enix Montreal to Swedish video game and media holding company Embracer Group.
The massive $300 million deal includes the studios and all the IPs attached to them, including major franchises such as Tomb Raider, Deus Ex, Guardian, Thief and more.
Considering the catalog, it wouldn't shock me to see Embracer at least break even on this within 2-3 years just from continued sales of Tomb Raider and Deus Ex games. If they were to make worthwhile revivals of Legacy of Kain and Thief then the sky is the limit.
8
Posted on 5/2/22 at 2:35 pm to Bard
Amazing deal. Can't believe they got the studios AND the IPs for that cheap
Posted on 5/2/22 at 3:35 pm to Bard
Good, now finish the Deus Ex prequel storyline.
Posted on 5/2/22 at 5:35 pm to Bard
Microsoft would have paid 2 billion at least for that, these guys really undersold themselves.
Posted on 5/3/22 at 2:43 pm to Bard
quote:
revivals of Legacy of Kain
This please.
Posted on 5/3/22 at 3:10 pm to Bard
SquareEnix is turning into Konami
Posted on 5/3/22 at 4:43 pm to Bard
It's a very cheap buy for the IPs, but these studios do not make any money. They spent Naughty Dog money to just barely break even. Last Tomb Raider made 8m in profit on a 125m+ budget.
I don't know what you could really to make them profitable without laying off half the studio.
I don't know what you could really to make them profitable without laying off half the studio.
This post was edited on 5/3/22 at 4:44 pm
Posted on 5/3/22 at 5:29 pm to Bard
SUper Mario RPG true sequel please
Posted on 5/10/22 at 5:12 pm to Bard
The truth is Tomb Raider doesn't hold much cultural relevance anymore outside of our nostalgia, and Deus Ex (as amazing as it was to experience that story back in the day) is not inherently an IP ripe for continued milking. There's also only so many buyers out there
If anything Square Enix has a surplus of obscure and underutilized IP that doesn't move the economic needle. It's not surprising to see them want to divest low juice per squeeze properties when they can throw proceeds at stuff like FF14 (which is straight printing money) or give Yoko Taro a proper budget worthy of his brilliance/insanity
I'm more intrigued if there's anything to the Sony rumors
If anything Square Enix has a surplus of obscure and underutilized IP that doesn't move the economic needle. It's not surprising to see them want to divest low juice per squeeze properties when they can throw proceeds at stuff like FF14 (which is straight printing money) or give Yoko Taro a proper budget worthy of his brilliance/insanity
I'm more intrigued if there's anything to the Sony rumors
This post was edited on 5/10/22 at 5:23 pm
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