Last week, Swedish company Embracer agreed to buy Square Enix’s three European studios for $300 million, officially becoming the owner of hit games like Tomb Raider or Deus Ex.
In the official franchise announcement, Square Enix confirmed that the group sold the studio to focus on investing in blockchain, artificial intelligence and cloud technology. The new financial report released on Friday continues to give more reasons why Square Enix has come to this decision.
The Japanese corporation affirmed that the company’s resources will be selected and focused on developing other areas, more in line with the group’s international strategy. Once again, Square Enix emphasizes on the above three areas, perhaps soon releasing its first blockchain game.
Square Enix plans to establish itself, as well as buy a new studio, intending to focus the game production process in Japan itself. Supporting these projects will be Square Enix External Studios and Square Enix Collective. However, Square Enix retained the rights to publish some games to the Western market, such as Just Cause, Outriders and Life is Strange.