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Square Enix Reports "Extraordinary Loss" - President Resigns

This sparse document (Adobe Acrobat format) announces the resignation of Yoichi Wada from his post as president of Square Enix. This follows the revelation that the Japanese publisher anticipates an "extraordinary loss" in its next financial reporting noted in a statement (Adobe Acrobat format) with revised financial forecasts. VG247 summarizes the bad news from the revision, noting that this includes lowering the company's projected sales slightly, but involves a giant increase in losses, saying the company's previously projected 3.5 billion net income loss is now anticipated to be closer to 13 billion ($138 million USD). Word is the revision is due to slow sales of major console titles, a sluggish arcade market, and the addition of approximately 10 billion in restructuring efforts, saying: "In view of the rapidly changing environment of the game businesses, the Company has decided to implement major reforms and restructuring in its development policy, organizational structure, some business models, and others."

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47. Re: Square Enix Reports Mar 26, 2013, 15:31 Kedyn
 
Kajetan wrote on Mar 26, 2013, 11:53:
Wolfox wrote on Mar 26, 2013, 11:08:
Kajetan wrote on Mar 26, 2013, 10:52:
The TR reboot is a failure. Nice!

You're happy that the TR reboot is a commercial "failure"? Why?
I despise SE for their kind of "rape" guerilla marketing they tried on this re-boot. I despise this game for being an action sellout. I despise this game for being an exploitation game, where the main character is presented in cutscenes as a fearful vulnerable girl, and only seconds after this cutscene, the player is killing a whole battalion of enemies with this character. This is cheap and bad story telling. Its an exploitation of the franchise.

I'm sorry that this game offended your delicate sensibilities. How dare a mere *video game* try to do what movies do? Video games aren't true art or expression of emotion and should never try to be ever again! Give me more Buff Action Guy XXXIV: The Reloadeadeningation!

/sarcasm /snark

Sounds like you read Ben K.'s junk journalism opinion piece on Penny Arcade about the game and let him form your opinion for you. Bravo.
 
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