Hitman Developers In Peril As Square Enix Is Leaving Them

IO Interactive, developers of the stealth video game series ‘Hitman’ is dealt a major setback after Square Enix announced their intention of getting new investors for IO Interactive and to withdraw itself from the business, resulting a loss of $43 million in the process.

Square Enix press statement in full:

To maximize player satisfaction as well as market potential going forward, we are focusing our resources and energies on key franchises and studios. As a result, [Square Enix] has regrettably decided to withdraw from the business of IO Interactive A/S, a wholly‐owned subsidiary and a Danish corporation, as of March 31, 2017.

This decision has resulted in booking of the extraordinary loss amounting to 4,898 million yen, including disposition of the content production account related to the business and impairment loss of intangible assets, in the financial results for the fiscal year ended March 31, 2017.

As a result of this [Square Enix] started discussions with potential new investors and is currently in negotiations to secure this investment. Whilst there can be no guarantees that the negotiations will be concluded successfully, they are being explored since this is in the best interests of our shareholders, the studio and the industry as a whole.

hitman agent 47

Square Enix took a huge gamble on Hitman’s episodic release, offering multiple DLC content instead of a single full game. While it was well received by fans, their sales were affected greatly due to conflicting release schedule of larger game titles.

For the time being, we won’t be expecting to see any new development of Hitman anytime soon. Square Enix has also reportedly halt development of the Deux Ex series following underwhelming sales of Mankind Divided.

Related posts

EA Announces Anthem’s VIP Demo Starts January 25 – 27

EA Announces Anthem's VIP Demo Starts January 25 - 27


EA Announces Anthem's VIP Demo Starts January 25 - 27

BioWare's online multiplayer shooter, Anthem, will run two demos beginning next year. The open beta will be available to everyone on PC, PlayStation 4, and Xbox One from February 1-3, 2019. For those who either pre-ordered Anthem, is an EA Access subscribers or an Origin Access...

The Game Awards 2018 List Of Winners And Nominees

The Game Awards 2018 List Of Winners And Nominees


The Game Awards 2018 List Of Winners And Nominees

The Game Awards is an annual award ceremony that celebrates video games creators, game players, and notable names from popular culture. This show also provide fans a sneak preview and world premieres of games set to be released in the future. The Game Awards 2018 took place last night at...

Call of Duty: Black Ops 4 PC Will Cost Only $29.99 Without The Zombies

Call of Duty: Black Ops 4 PC Will Cost Only $29.99 Without The Zombies


Call of Duty: Black Ops 4 PC Will Cost Only $29.99 Without The Zombies

Activision is offering a no-zombies edition for Call of Duty: Black Ops 4 for only $29.99. In case you're interested, The Call of Duty: Black Ops 4 Battle Edition is exclusively available for PC at the moment. Players will have the standard multiplayer option and Blackout battle royale...

Leave a comment