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Square Enix Plans to Establish, Acquire New Studios, Continue NFT Investments

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Less than two weeks removed from dealing three overseas studios and select IP franchises to Embracer Group for $300 million, Square Enix has officially recapped its motivations for the move, as well as previewed its plans for its digital entertainment segment moving forward.

Among its “business strategies” for achieving its “medium‐term earnings targets,” Square Enix mentioned its desire to pursue the initiatives of boosting game development capabilities by establishing, merging and acquiring studios, as well as investing in focus fields to promote the Blockchain Entertainment domain.

As spotted by Axios’ Stephen Totilo (H/T NME) on May 13, these points were brought up during Square Enix’s results briefing for the last financial year.

In terms of the May 2 Embracer Group deal, sending off North American HD game development studio Crystal Dynamics, Canadian HD game development studio Eidos-Montréal, mobile game development studio Square Enix Montréal and a catalog of IPs — including Tomb Raider, Deus Ex and Thief — Square Enix listed three principal objectives that motivated the deal:




Less than two weeks removed from dealing three overseas studios and select IP franchises to Embracer Group for $300 million, Square Enix has officially recapped its motivations for the move, as well as previewed its plans for its digital entertainment segment moving forward.

Among its “business strategies” for achieving its “medium‐term earnings targets,” Square Enix mentioned its desire to pursue the initiatives of boosting game development capabilities by establishing, merging and acquiring studios, as well as investing in focus fields to promote the Blockchain Entertainment domain.

As spotted by Axios’ Stephen Totilo (H/T NME) on May 13, these points were brought up during Square Enix’s results briefing for the last financial year.

In terms of the May 2 Embracer Group deal, sending off North American HD game development studio Crystal Dynamics, Canadian HD game development studio Eidos-Montréal, mobile game development studio Square Enix Montréal and a catalog of IPs — including Tomb Raider, Deus Ex and Thief — Square Enix listed three principal objectives that motivated the deal:

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