After selling Tomb Raider, Square Enix announced plans to work on new licenses

During the presentation of the final tax report, those responsible Square Enix made it clear that the software company’s profits had increased thanks to it.final fantasy XIV‘, its executives also confirmed their intention to work on new intellectual property as well as “strengthening existing ones”. The statement of intent comes shortly after the company Will reach an agreement with the Embracer group‘ invoiced with the franchise sale, such astomb Raider‘ and ‘Deus Ex’ for $300 million.

According to the Japanese company, promoting the rest of its brands is part of their mid-term business plan. for him will invest in the creation of new studiosalthough they are also examining possibilities of “acquisitions and mergers” as a way to strengthen both the business and its market position. In the report, Square Enix states that a new Chief Publication Office position (CPO) is a leadership position assigned to an employee who will have the goal of strengthening the company’s distribution efforts. They also want to accelerate business decision-making by creating a new integrated management group.

Tomb Raider: Definitive Edition – Announcement Trailer

Square Enix bets on the blockchain

The company’s executives are also considering creating “new topics” that give more control over the blockchain-based experiences segment as a mid-term plan. In parallel, they are already working with the regulatory frameworks that define video games in this field and Will experiment with NFTs in different regions.

In this sense, the company plans to establish a new international entity that will be involved in creating, managing and investing in proprietary tokens, as well as dealing with NFT, blockchain and cryptocurrency related businesses. Part of this investment will be made possible thanks to the closing of the deal with the Embracer Group, which determined the sale of studios such as Crystal Dynamics, Eidos Montréal and Square Enix Montréal.

Square Enix reinforces interest in NFTs

Despite selling these well-known bands, Square Enix still maintains a major operation outside of Japan and the rights to dramas like ‘Life is Strange’ and ‘Just Cause’, but despite looking to the future, the Japanese entertainment company continues. the intention to strengthen local region-focused initiatives and to produce games that will have “some global commercial appeal” even if they will carry a country identity.

Source: Informacion

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