I find it shocking that Square-Enix is selling two studio (Crystal Dynamics and Eidos Montreal) , Deus Ex, Tomb Raider and other game IPs for only 300 million. You would think Tomb Raider alone would be worth hundreds of millions. The franchise is iconic and has lifetime sales of 88 million.
Gears of War in 2014 sold to MS for a rumoured $ 80-100 million. You could argue that from 2006-2013 Gears of War was more successful than the recent Tomb Raider titles (2013-2018). However,I still think the Tomb Raider Ip would warrant a greater sales price due to a longer legacy and brand recognition.
Microsoft reportedly paid 100 million for that timed exclusive Tomb Raider deal also, 1/3 of this deal and Square sold 3 studios and +50 plus IPs
Yeah Embracer def got this at a steal TBH, even if the value of those studios and IPs aren’t as high as they used to be
This is prob just Square looking to get capital fast for their metaverse/blockchain stuff. Or maybe that really was the best offer on the table that they could get
Similar to the NFL where GM’s trade players to teams in a different division than their own, maybe Square sold to Embracer so it wouldn’t be to a direct competitor to Sony such as MSFT
I'm not too shocked. Square Enix doesn't know how to handle their western franchises properly and expect ridiculous numbers for franchises that they don't trust too much in the first place.
Not to mention they are using their funds from the sale to invest in blockchain
Yah you’re probably correct. It seems like Square Enix just wants to make quick funds as they reduce overall operating costs. Selling an iconic franchise and 3 studios for what is essentially “a steal” seems like a quickly made and shortsighted decision.
These are all games that are in the $5 category and need serious reboot... aka AAA investment. This is not FF14 or FF in general where there is a general direction where to go with that IP.
If we're looking for someone to blame, blame Microsoft. Lara was born on playstation (and pc). Buying rights for tomb raider to be a timed exclusive on Xbox is like sucking lemons. Left a bad taste in everyone's mouth.
Jznrpg, get outta here. This is the console arena we are talking about. KOTOR and it’s sequel were released on the original Xbox with no PS version in sight. You’re being incredibly selective.
Can't blame square square due to their financials. Can u imagine the outrage if GTA became a time exclusive. There would be outrage!! Or call of duty!?, Oh wait...! 😐
ok I am confused that Square Enix was not happy with new TR sales but it sold 38 million units (3 games) which is amazing. Uncharted on the other hand sold 48 million (5 games?). TR reboot seems to be successful if we just compare the numbers.
Sounds like SquareEnix needs money, like, yesterday. Not surprising as practically every major release of theirs over the past 15 years, has ended up in the bargain bin after 6 weeks.
Only games which have been genuine were success were from third party publishing, or outsourced development. SquareEnix hasn't internally developed a great game, since probably FF XII, back in 2006.
I remember when SE said the first TR reboot sales were disappointing and under expectations when it sold 3.4m in a month. The game went on to sell over 14.5m copies by 2021. They seem to jump the gun a bit when evaluating sales.
I find it shocking that Square-Enix is selling two studio (Crystal Dynamics and Eidos Montreal) , Deus Ex, Tomb Raider and other game IPs for only 300 million. You would think Tomb Raider alone would be worth hundreds of millions. The franchise is iconic and has lifetime sales of 88 million.
Gears of War in 2014 sold to MS for a rumoured $ 80-100 million. You could argue that from 2006-2013 Gears of War was more successful than the recent Tomb Raider titles (2013-2018). However,I still think the Tomb Raider Ip would warrant a greater sales price due to a longer legacy and brand recognition.
If we're looking for someone to blame, blame Microsoft. Lara was born on playstation (and pc). Buying rights for tomb raider to be a timed exclusive on Xbox is like sucking lemons. Left a bad taste in everyone's mouth.
I just can't believe how little embracer paid for all that they got
Sounds like SquareEnix needs money, like, yesterday. Not surprising as practically every major release of theirs over the past 15 years, has ended up in the bargain bin after 6 weeks.
Only games which have been genuine were success were from third party publishing, or outsourced development. SquareEnix hasn't internally developed a great game, since probably FF XII, back in 2006.
Yet the reboot trilogy failed to meet expectations. Squares expectations are ludicrous