THE BORE
General => Video Game Bored => Topic started by: Borys on March 26, 2013, 05:35:50 AM
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duckroll
Square Enix released some really bad numbers to investors today. Wada has stepped down to "make way for management reform". Yosuke Matsuda takes up the post of CEO.
http://www.hd.square-enix.com/eng/news/pdf/20130326_02en.pdf
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The future of Mr. Wada has not been announced at this time
He's dead, right?
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Financial report
http://www.hd.square-enix.com/130326.pdf
According to the new forecast, the company expects results of its digital entertainment segment to fall "substantially" below what was initially planned following slow sales of major console titles throughout North America and Europe, in addition to a "sluggish performance" in arcade machines.
Square Enix now plans to begin major restructuring in its development policy, organizational structure, a number of business models and other areas. As part of these restructuring efforts, the company expects to incur a loss of roughly 10 billion Yen (or just over $105 million) for the fiscal year ending March 31, 2013.
The extraordinary loss includes a loss on disposal of content of $42 million, a loss on evaluation of content of $42 million and other losses of $21 million.
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I hope they leave Eidos alone.
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This isn't a good thing if you like console games, right?
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There is some ludicrous rumor about $120 million spent on Versus already.
If Bioshock can do it,we can do it too.
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:rejoice
I dont expect anything to really change though, maybe 5 years down the line, but of that I'm not even confident
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i don't think this will change much but i'm pretty sure i will read about how that mmo-like game with HD town which is totaly not linear happened because "NO MORE WADA"
did i miss something? ah yeah,no belts and zippers
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The day uguu died
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PS4 and everything Sony related getting nothing but good news, PS Vita revitalizing with tons of indie support as the machine should be instead of becoming a mini PS3 with shooters and sports and TPS's, Wada getting removed from Square..... it sort of seems like my darkest ages are coming to an end..
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http://venturebeat.com/2013/03/25/square-enix-sells-off-its-free-to-play-titles-sleepy-giant-implements-restructuring/
GamesBeat has learned that it has sold off its portfolio of free-to-play games to Sleepy Giant Entertainment, a startup with a considerable amount of funding.
Sleepy Giant raised $100 million from TPG Capital, the private equity firm run by financiers David Bonderman and James Coulter, and Evolution Media Capital. It’s not clear which titles Square Enix has sold, but it evidently has lost its appetite for launching the free-to-play titles on its own.
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Four games
But multiple sources familiar with the matter confirmed that Sleepy Giant has picked up four unannounced Square Enix games.
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:rejoice
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I saw someone mention on twitter this is a bigger financial loss than they had post-Spirits Within before the merger (not counting for inflation)
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Oscar, whats the main reason for this huge loss?
Versus? FFIVX?
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The 105 million restructuring bill?
The extraordinary loss includes a loss on disposal of content of $42 million, - Scrapped version of games (FFXIV, Versus, etc)
a loss on evaluation of content of $42 million - salary hours associated with this
and other losses of $21 million - restructuring and stuff
?
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The future of Mr. Wada has not been announced at this time
He's dead, right?
He was killed in a mysterious car accident.
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Oh, holy shit.
(Pours one out for Imperial Hot)
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I am crying. :'(
I have been waiting for this! Hopefully the next president actually cares about games and quality!
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I hope they leave Eidos alone.
Yes, what does this mean for Eidos?
Best thing S-E got going.
and while this and the recent EA news are big unknowns, for better or worse, a shake-up at the cusp of a new generation is interesting.
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...and the games industry continues to burn. :violin
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The 105 million restructuring bill?
The extraordinary loss includes a loss on disposal of content of $42 million, - Scrapped version of games (FFXIV, Versus, etc)
a loss on evaluation of content of $42 million - salary hours associated with this
and other losses of $21 million - restructuring and stuff
?
thanks momo, was at work couldn't look it up.
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Hopefully the next president actually cares about games and quality!
ahahahahahahahaha
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:(!
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I am crying. :'(
I have been waiting for this! Hopefully the next president actually cares about games and quality!
hopefully the next prez isn't a fucking dumbass whos completely incapable of forcing his directors to stick to a schedule. I can't believe they kept it going in this state for as long as they did.
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Best square-enix news in quite some time, actually! Goddamn have they been sucking ass this gen. 100% Hubris
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I hope they leave Eidos alone.
Yes, what does this mean for Eidos?
Best thing S-E got going.
and while this and the recent EA news are big unknowns, for better or worse, a shake-up at the cusp of a new generation is interesting.
Considering none of the eidos games met their target...
By by eidos thanks for the ride
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TR doest meet targets?
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What were the targets?
Never mind, found it myself (well, not the targets, but still...):
(http://images.vg247.com/current//2013/03/26-03-2013-14-13-37-600x188.jpg)
http://www.vg247.com/2013/03/26/square-financials-tomb-raider-hitman-sleeping-dogs-fail-to-hit-sales-targets/
Full pdf: http://www.hd.square-enix.com/eng/news/pdf/130326slides.pdf Doesn't mention specific targets, but if those numbers aren't enough...
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Those aren't the targets, by the way, but actual sales.
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I see no FF game mentioned,hmm
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I saw these links posted in the GAF thread, about the state of SE after the movie and around the merger...
http://www.neogaf.com/forum/showpost.php?p=44095080&postcount=44 (http://www.neogaf.com/forum/showpost.php?p=44095080&postcount=44)
http://www.neogaf.com/forum/showpost.php?p=44101928&postcount=188 (http://www.neogaf.com/forum/showpost.php?p=44101928&postcount=188)
http://www.neogaf.com/forum/showpost.php?p=44131749&postcount=323 (http://www.neogaf.com/forum/showpost.php?p=44131749&postcount=323)
I wonder how much of it is accurate vs. speculation? Pretty interesting nonetheless.
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Real talk: bring back Squaresoft
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Real talk: bring back Rad Racer
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Real talk: bring back Sakaguchi, the godfather.
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I saw these links posted in the GAF thread, about the state of SE after the movie and around the merger...
http://www.neogaf.com/forum/showpost.php?p=44095080&postcount=44 (http://www.neogaf.com/forum/showpost.php?p=44095080&postcount=44)
http://www.neogaf.com/forum/showpost.php?p=44101928&postcount=188 (http://www.neogaf.com/forum/showpost.php?p=44101928&postcount=188)
http://www.neogaf.com/forum/showpost.php?p=44131749&postcount=323 (http://www.neogaf.com/forum/showpost.php?p=44131749&postcount=323)
I wonder how much of it is accurate vs. speculation? Pretty interesting nonetheless.
this all reads like video game industry fan fic based roughly on a true story. These people spend their time thinking about and piecing together the inner workings of Japanese corporations from news stories and the manicured amount of data released by the corporation itself.
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Real talk: bring back Matsuno
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matsuno quit level 5 :(
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Only Sleeping Dogs seems low, then again its a Asian centric game in looks etc.
Hitman doesn't seem bad for Hitman, and TR seems a hit to me.
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Real talk: bring back Final Fantasy
I wonder why they stopped making those after FF9.
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this all reads like video game industry fan fic based roughly on a true story. These people spend their time thinking about and piecing together the inner workings of Japanese corporations from news stories and the manicured amount of data released by the corporation itself.
That was my first reaction too. From what I gather, the Japanese corporate environment is a lot more insular than your average one here, and even *if* drama between high-level officials gets leaked, the chances of that gossip to be communicated to the West should be quite low, especially 10 years ago when social networks were as developed on the internet as they are now.
However, I wouldn't be too surprised if most of what's been written ends up being true.
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http://www.wpcentral.com/chaos-rings-gravity-guy-2-coming-soon
Windows Phone finally getting some Square-Enix love right after Wada fired.
Coincidence? I think not.
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Look at this taco: http://www.neogaf.com/forum/showpost.php?p=51557679 :lol
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I bet he worships the Sun.
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I bet he carved Reggie's face on a dildo, shoves it every night while screaming my body is ready.
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Iwata should be shot into the sun.
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Only Sleeping Dogs seems low, then again its a Asian centric game in looks etc.
Hitman doesn't seem bad for Hitman, and TR seems a hit to me.
Think about what that means about Tomb Raider's budget.
The games industry is sooooooooooooooooo fucked.
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Real talk: bring back Final Fantasy
I wonder why they stopped making those after FF9.
They didn't. They made better ones.
YEAH I SAID IT
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Better yet, drop FF Online forever.
Don't care Oscar, not reading.
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Only Sleeping Dogs seems low, then again its a Asian centric game in looks etc.
Hitman doesn't seem bad for Hitman, and TR seems a hit to me.
Think about what that means about Tomb Raider's budget.
The games industry is sooooooooooooooooo fucked.
Thank god for IOS games, and the Vita.
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on the plus side, final fantasy dimensions is legit
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Would it have been better to just continually patch and update the original FFXIV and keep that alive instead of rebuilding? Surly it had some sort of playerbase right?
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Yeah, new FF-14 could be the best damn MMO ever but the name is poison. You're going to lose out on a ton of potential customers just by keeping the name, they absolutely should rename it.
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Oscar, or anyone who's been in Japan long enough and keeps tabs on this stuff, is any of this accurate or is it purely fan-fiction?
I saw these links posted in the GAF thread, about the state of SE after the movie and around the merger...
http://www.neogaf.com/forum/showpost.php?p=44095080&postcount=44 (http://www.neogaf.com/forum/showpost.php?p=44095080&postcount=44)
http://www.neogaf.com/forum/showpost.php?p=44101928&postcount=188 (http://www.neogaf.com/forum/showpost.php?p=44101928&postcount=188)
http://www.neogaf.com/forum/showpost.php?p=44131749&postcount=323 (http://www.neogaf.com/forum/showpost.php?p=44131749&postcount=323)
I wonder how much of it is accurate vs. speculation? Pretty interesting nonetheless.
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I really wouldn't take much of that seriously.
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Why do people post like they know what goes on in board meetings at listed companies?
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I've got this pretty awesome fanfic about Kaz
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Oscar, or anyone who's been in Japan long enough and keeps tabs on this stuff, is any of this accurate or is it purely fan-fiction?
I saw these links posted in the GAF thread, about the state of SE after the movie and around the merger...
http://www.neogaf.com/forum/showpost.php?p=44095080&postcount=44 (http://www.neogaf.com/forum/showpost.php?p=44095080&postcount=44)
http://www.neogaf.com/forum/showpost.php?p=44101928&postcount=188 (http://www.neogaf.com/forum/showpost.php?p=44101928&postcount=188)
http://www.neogaf.com/forum/showpost.php?p=44131749&postcount=323 (http://www.neogaf.com/forum/showpost.php?p=44131749&postcount=323)
I wonder how much of it is accurate vs. speculation? Pretty interesting nonetheless.
The part about the merger not being a reaction to TSW is accurate (like he said, Square got bailed out of that by Sony and its profits had already recovered before the merger thing started). Most everything else, especially the personal stuff around Suzuki/Sakaguchi/Wada is fanfic nonsense.
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I've got this pretty awesome fanfic about Kaz
Erotic? :drool
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Why do people post like they know what goes on in board meetings at listed companies?
isn't that how you become a mod?
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Sorry I didn't mean DC, I meant you as a general term about that other place
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I can tell you guys that the board meetings for social game companies aren't that interesting at all.
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oh, no, for *that* you need to also have boobs and a very debonair stache.
i'm half way there .... still working on the stache :/
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What were the targets?
Never mind, found it myself (well, not the targets, but still...):
(http://images.vg247.com/current//2013/03/26-03-2013-14-13-37-600x188.jpg)
http://www.vg247.com/2013/03/26/square-financials-tomb-raider-hitman-sleeping-dogs-fail-to-hit-sales-targets/
Full pdf: http://www.hd.square-enix.com/eng/news/pdf/130326slides.pdf Doesn't mention specific targets, but if those numbers aren't enough...
I saw those sales numbers and was also wondering what they expected sales to be. I'm stunned that Sleeping Dogs did as well as it has; it's a great game, but it's a hard sell. Tomb Raider's numbers are great, so I'm not sure what they were expecting, other than having Christ show up and resurrect dead consumers.
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What were the targets?
Never mind, found it myself (well, not the targets, but still...):
(http://images.vg247.com/current//2013/03/26-03-2013-14-13-37-600x188.jpg)
http://www.vg247.com/2013/03/26/square-financials-tomb-raider-hitman-sleeping-dogs-fail-to-hit-sales-targets/
Full pdf: http://www.hd.square-enix.com/eng/news/pdf/130326slides.pdf Doesn't mention specific targets, but if those numbers aren't enough...
I saw those sales numbers and was also wondering what they expected sales to be. I'm stunned that Sleeping Dogs did as well as it has; it's a great game, but it's a hard sell. Tomb Raider's numbers are great, so I'm not sure what they were expecting, other than having Christ show up and resurrect dead consumers.
And Hitman: Absolution is a few thousand away from being the best selling in the series [just behind 2002's Hitman 2, at 3.7 million].
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They are always expecting COD like sales.
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It's nice to want things.
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It's nice to want things.
Yeah, I keep hoping for Doraemon's Dokodemo Door to appear under my Christmas tree. So far, 12 years of wishing hasn't made it so.
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I interpreted those slides as meaning that those numbers were the targets, and they didn't meet them (the actual numbers not being shown) - is that wrong?
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That's what I assumed at first as well, but the footnote mentions that download sales aren't included, which up to now made me think those were sales(+projections for 2013?). Now you're confusing me all over again.
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If a game sells multi-millions and you still take a loss on it, something has gone wrong.
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It was the night before the Final Fantasy XIII Xbox 360 announcement and Yoichi Wada was in a motel bathroom in the outskirts of L.A. with a gun in his mouth. Known amongst industry insiders as "The Million Year Long Night," it was at this time that Wada had realized just how over budget the FFXIII project was. He had given in to the American intruder on the games market. Wada had resisted them for one gen, but the board hounded him to submit after Kutaragi's final error. "I will never give in! My father would never allow it!" he'd shout at them in fits of rage during the more tense meetings. But the stubborn board was more interested in money and NPD numbers. Wada never quite fully shifted over to the idea of supporting the 360, even after the company released some titles on it. He'd defend the 100 copies of Infinite Undiscovery sold worldwide by saying that Playstation gamers had taste and it would have sold half as much on the PS3. He had even given them an online Final Fantasy title, knowing he could still write it off as "not a true FF game."
But now, the last threads of attachment to Square-Enix and this Earth slipped through Wada's fingers. He held his composure long enough, green-lighting production of the title through clenched teeth. The project had suffered enough setbacks. After they found out a member of the localization staff had been seduced by a NeoGAF moderator, who was printing vague details about when the next trailer might be shown on her blog, production came to a halt for 2 years. In fact, the only thing that unfroze it was the decision to make a 360 version.
The trigger on the pistol cocked back and immediately after, his cellphone rang. Wada, with tears in his eyes knowing that fate was intervening in his departure from waking life, looked down at his phone. It was Nomura.
"Hey buddy, I know how you feel. Don't worry, we'll get through this. And besides, we're gonna make it 3 discs and run at a lower resolution with shitty FMV. The Americans won't know the difference."
Wada had to admit he was relieved. He put the gun away and went to sleep. He would head for E3 at the break of daylight the next morning.
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Only Sleeping Dogs seems low, then again its a Asian centric game in looks etc.
Hitman doesn't seem bad for Hitman, and TR seems a hit to me.
Think about what that means about Tomb Raider's budget.
Damn. As Chrono said they must have had some insane expectations and budget.
Isn't this the best selling Tomb Raider in ages? Something is very wrong when beating your own sales record is not enough to turn a profit, that is entirely the managements/CEO fault.
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It was the night before the Final Fantasy XIII Xbox 360 announcement and Yoichi Wada was in a motel bathroom in the outskirts of L.A. with a gun in his mouth. Known amongst industry insiders as "The Million Year Long Night," it was at this time that Wada had realized just how over budget the FFXIII project was. He had given in to the American intruder on the games market. Wada had resisted them for one gen, but the board hounded him to submit after Kutaragi's final error. "I will never give in! My father would never allow it!" he'd shout at them in fits of rage during the more tense meetings. But the stubborn board was more interested in money and NPD numbers. Wada never quite fully shifted over to the idea of supporting the 360, even after the company released some titles on it. He'd defend the 100 copies of Infinite Undiscovery sold worldwide by saying that Playstation gamers had taste and it would have sold half as much on the PS3. He had even given them an online Final Fantasy title, knowing he could still write it off as "not a true FF game."
But now, the last threads of attachment to Square-Enix and this Earth slipped through Wada's fingers. He held his composure long enough, green-lighting production of the title through clenched teeth. The project had suffered enough setbacks. After they found out a member of the localization staff had been seduced by a NeoGAF moderator, who was printing vague details about when the next trailer might be shown on her blog, production came to a halt for 2 years. In fact, the only thing that unfroze it was the decision to make a 360 version.
The trigger on the pistol cocked back and immediately after, his cellphone rang. Wada, with tears in his eyes knowing that fate was intervening in his departure from waking life, looked down at his phone. It was Nomura.
"Hey buddy, I know how you feel. Don't worry, we'll get through this. And besides, we're gonna make it 3 discs and run at a lower resolution with shitty FMV. The Americans won't know the difference."
Wada had to admit he was relieved. He put the gun away and went to sleep. He would head for E3 at the break of daylight the next morning.
I was almost through the first paragraph before I realized I wasn't supposed to be reading this to the tune of "Twas the Night Before Christmas".
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I interpreted those slides as meaning that those numbers were the targets, and they didn't meet them (the actual numbers not being shown) - is that wrong?
Those are actual sales, as far as I can tell.
Isn't this the best selling Tomb Raider in ages? Something is very wrong when beating your own sales record is not enough to turn a profit, that is entirely the managements/CEO fault.
So far, it's second only to 2006's Tomb Raider: Legend among Crystal Dynamics' four entries in the franchise, which hit 4.5 million. And those 3.4 million sales are from just one month, so it's going to end up selling more than that.
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(http://www.abload.de/img/sef1wnjl8.jpg)
(http://www.abload.de/img/sef20tjzo.jpg)
Targets:
Tomb Raider: 5 to 6 million
Hitman: Absolution: 4.5 to 5 million
Sleeping Dogs: 2 to 2.5 million
:lol
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Targets:
Tomb Raider: 5 to 6 million
Hitman: Absolution: 4.5 to 5 million
Sleeping Dogs: 2 to 2.5 million
:lol
It's nice to want things.
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http://www.siliconera.com/2013/04/02/square-enixs-new-president-plans-to-review-the-entire-company/
In a recent Square Enix Holdings briefing session, the to-be president, Yosuke Matsuda, talked about his plans for the company:
“After having succeeded the important role as the president, I plan on reviewing all Square Enix duties, business and assets on a zero-based budgeting standpoint. Due to the radical change of environment, I’d like to fundamentally review what works and what doesn’t work for our company, then cast all of our resources towards extending what makes us successful and thoroughly squeezing out what doesn’t.
As far as a concrete plan on what to expect from us, I will further explain it on another briefing session in the near future, so I kindly ask for your patience. Thank you for your support.”
Matsuda also mentions his plans to make Phil Rogers, CEO of Square Enix Europe, the new director of Square Enix Holdings. The two will act as the renovating pillars of Square Enix.
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"We've looked over our projects and compared them with the current market climate...FFXV will be a modern military FPS F2P mmorpg for the iphone." :derp
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"We've looked over our projects and compared them with the current market climate...FFXV will be a modern military FPS F2P mmorpg for the iphone." :derp
http://www.youtube.com/watch?v=YKUOB8MN4Kc
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"We've looked over our projects and compared them with the current market climate...FFXV will be a modern military FPS F2P mmorpg for the iphone." :derp
What I am expecting more or less