400°

Square Enix CEO falls on his sword; why this is sad but positive news

Digitally Downloaded writes: "If there is one thing Square Enix desperately needs that its rivals all have right now is a fresh spirit of innovation and creativity. I would expect Matsuda to bring that into the company."

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Agent Smith4058d ago

Then make good games and I'll buy.

aCasualGamer4058d ago

"lack of momentum in console gaming"

Sounds like he's trying to spin this and blame console gamers for not purchasing Square Enix titles.

Well guess what? Gamers aren't as blind and stupid as you thought. Why would gamers put their money on Sqaure Enix titles that are lackluster when there are much better games in the market?

Further more, where is the bloody FF Versus? That alone is the reason why people listen to your press conferences and your appearances. You let us down with your lies, and we'll let you down with our lack of purchases. Lose/lose situation in other words, could easily be replaced with a definitive release date for FFXIII Versus and you'll see a bump in sales, in other words... a win/win situation.

Hopefully Matsuda can do a better job.

adorie4058d ago (Edited 4058d ago )

Edit: OH... he's gone? PARTY TIME!

Pozzle4058d ago

Damn, I hope they really don't think that consoles and console gamers are to blame for their lack of sales. If they do, then that just goes to show how little they are paying attention to their fans' feedback.

I wonder if their opinion will change once FFX HD is released? Maybe then they will realize that gamers ARE still interested in buying their games...as long as those games are good.

Tetsujin4058d ago

"Yoichi Wada, who has been in the role since Square merged with Enix in 2003, will be leaving his post" (From the article)

This song I'm gonna blast all day now:

indysurfn4058d ago

I don't dislike this guy at all. But his plan was to make all games half RPG, and half western action adventure. And he did, so they did lose their way. Meanwhile companies in Japan like nikkon, Gust, kept making ACTUAL rpg's. And taking market share in Japan from Square. Instead of making games that will not just capture to his audience he turned square into a confusion theme. When is the last time the west has seen a turn based RPG for consoles made by square. Which is what made square? Where is the big bangs in RPG's (the Summon spells the espers) that come down with much flare. And cause great destruction? Then leave. Now they have been relegated to a PC style character on the field, casting spells punching. Why take the band away to give another very them character? People want console style rpgs. Not want to bes!

gaffyh4058d ago

WOAH!! This is the best news I have ever heard!! This idiot ruined Squaresoft, and I hope to God that the new guy is nothing like him.

+ Show (2) more repliesLast reply 4058d ago
pompombrum4058d ago

Agreed, once they start making good games again, I'll buy them. I don't agree with the article saying they need innovation and creativity, that's what they've tried this gen and where they are failing miserably. I think most fans would be more than happy for them to just going back to what they are good at.

Still, I know Square are in a bad place is it so bad that they've become delusional? Lack of momentum in console gaming? Console gaming is bigger and more mainstream than ever. If they remade FF7 or stopped taking huge steaming dumps all over the FF brand name and instead focused on creating something equal to FF4-10, they'd be able to warm up a whole new generation of gamers to imho the best genre there is.

indysurfn4058d ago

aiBreeze good point, why do articles always say rpg's need innovation? Why don't they say racing, shooting, platform gaming, etc need it? I think it is because they don't like jrpgs, RPG's! So they feel it needs changing. Back in the 90s about 36 percent of JAPANS most wanted games every week where JRPG's Now it is 51% are JRPGs in Japan. Many more companies are taking up the demand that Square left on the floor! That is their fault. I'd go FF4-10 (with a asterisk on 10 until it brings back the old summon spells)

matgrowcott4058d ago (Edited 4058d ago )

Sleeping Dogs, Tomb Raider and Hitman Absolution.

They all got great critical acclaim, they all deserve to be played, but obviously they didn't sell all that well. Finding out why they didn't sell well is more important than some half-assed joke about Square never releasing good games.

Because any company that would release Versus XIII after three big games that didn't live up to expectation, all from established franchises (Sleeping Dogs, sort of), all with decent reviews, is a company that isn't going to make it.

DaPrintz4058d ago

Tomb Raider sold very well.

matgrowcott4058d ago

@DaPrintz

Oh, so how much did Square spend on it? Do you know how much they needed to make to turn a profit? Any idea how much they get from each sale?

They knew how many it had to sell for them to make money off it and there's no way we can guess how accurate or ambitious that was. We just don't have the relevant details.

All we can say is they sold relatively well, but then that doesn't tell us much anyway.

Murad4058d ago

Tomb Raider, and Hitman sold surprisingly well. Deus Ex HR also sold well. The only thing the CEO is complaining about is the lack of sales in the cash cow known as FF 13.

indysurfn4058d ago

matgrowcott was to be a full fledged turn based JRPG complete with Summon spells! It ironically is the opposite of what he was doing! And was the opposite of FFXIII which was trying to be western.

+ Show (1) more replyLast reply 4058d ago
zerocrossing4058d ago

If they drop IIIX and move on to making genuinely great FF games again then I'll start buying.

MoveTheGlow4058d ago

IIIX...does that mean 7? ;)

MoveTheGlow4058d ago (Edited 4058d ago )

"Consider Groove Coaster, or Space Invaders Extreme. If there is one thing Square Enix desperately needs that its rivals all have right now is a fresh spirit of innovation and creativity. I would expect Matsuda to bring that into the company."

ALL MY YES. Taito was my favorite game company for a while when Space Invaders Extreme/Infinity Gene and Groove Coaster came out. They were focused, innovative, and simple games, made efficiently, done with a ton of style. I wondered what had happened to Taito lately. Apparently they were losing Matsuda.

I'm expecting exactly what Matsuda governed when he was at Taito: a return to the company's classic style, but with meaningful enhancements to the genre that actually *help* the gameplay instead of destroy it. I hope Square can now get back to making RPG's - ones that reach back to the best aspects of JRPG's when they were awesome - and with modern enhancements only when necessary and helpful, not just tacked on "because new!" like FF13. And no more of this "We need to reinvent the graphical wheel every time, so we have no time to make a single freaking town!" crap.

I expect him to bring back the Chrono series, too. Ahem. GET ON THAT.

FRAKISTAN4058d ago

really? Tomb Raider,Hitman and Sleeping Dogs???

+ Show (3) more repliesLast reply 4058d ago
DaThreats4058d ago

thank god,
What took so long for Wada to leave

Pyrrhus4058d ago

Exactly.
I cannot describe how happy I am to see this. Hopefully Squenix takes a step back in time to their glory days.

uuaschbaer4058d ago

A Pyrrhic victory. (Sorry)

abzdine4058d ago

i'm so glad!! now it shouldnt be hard to go back on track cause they have the talent to do it.

SilentNegotiator4058d ago

When I read the title, I thought the guy had committed Seppuku!

I'm glad he's gone. Squeenix is in need for major changes.

LeonhartX4058d ago

Thank god, maybe the good old days will come back.

Flavor4058d ago

The good old days are never coming back for the Japanese game industry. They are basically irrelevant. Without the airtight grip they once held on hardware (up until xbox), the Japanese cannot compete against the PR, marketing savvy, market access, and most importantly, creativity of western developers/publishers.

TheOneWhoIsTornApart4058d ago

Thanks for your input Mr.Buzzkill.

Minato-Namikaze4058d ago

Sony seems to have a bunch of classic style JRPG's coming out this year. There is a huge market for them you just have to know where that market is and dont piss off your base.

KingKelloggTheWH4058d ago

More emphasis on console exclusives(Versus/Crystal Chron) and less on DLC and cell phones.

Show all comments (107)
370°

Square Enix Declares $140m Loss Amid Game Pipeline Shakeup

Final Fantasy VII Rebirth publisher Square Enix has declared a $140m loss based on a shakeup of its internal development pipeline.

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Furesis5d ago

What are they doing over there? Sounds like they canceled something big. I read a rumor a while back about ff9 remake . Here "Final Fantasy IX has gone through a very challenging development, the game is still in progress but may undergo changes drastic enough that we won't hear about it for a couple of years."
This could be one of the reasons if the rumor is true. That was Silknight i don't know how credible he is but it's something and it would make sense.

-Foxtrot5d ago

I hope IX is still on the cards

Just a straight up remake which they expand a little bit nothing over ambitious

If IX dosent happen then VI and VIII will never be thought of.

Kakashi Hatake4d ago

6 and 8 were way more p popular games despite today's cult following of 9.

blackbeld4d ago

I want my FF8 remake! Can't believe they cancelled it.

TiredGamer5d ago

What are they doing? Sales are falling and the costs are out of control. Big releases need to be absolute sales home runs now, and Final Fantasy sales have stagnated.

Now we know why Square didn’t fall over themselves to remake the original FF7 all these years ago. It certainly wasn’t a license to print money, at least not with what the expectations were. Each of these full on remakes drains an enormous amount of company resources for a razor thin profit margin.

TwoPicklesGood5d ago

Breaking the game up into multiple parts was a mistake IMO.

blackblades5d ago

The loses came from cancelling games nothing else.

Tapani4d ago

They lost the magic in the remakes. And the story is incomplete. The original FF7 is still way better. The Remake / Rebirth are just fan service. Like an Anime/Manga with "optional" filler content. FF7 had pretty much zero filler, it was paced extremely well, and still today flows much better than the grindy story and spongey enemy battles in the remakes.

babadivad4d ago

If they released it at once on all platforms, they would have made all of their money back. Could have been on to an FF8 or 9 remake. Ready to cash in again on nostalgia like Capcom. This is their fault for trying to milk the title.

Once I head they were breaking it up into parts, I lost all interest.

+ Show (1) more replyLast reply 4d ago
neutralgamer19924d ago

I hope people understand usually when a loss is declared it means a game which had been in development got cancelled. For example Sony Santa Monica before GOW-PS4 had cancelled a project which Sony had spent 7 figures on

As far as square is concerned they release a bad game once a year. Forspoken anyone?

For those making comments on remake not selling well, I hope y’all realize that Sony is the only reason this remake is happening. If Sony didn’t fund it the remake wouldn’t be happening. Just like Konami didn’t want to remake SH2 because development costs of 100 plus million

shadowT5d ago

Do not miss Final Fantasy 16. Great game!

raWfodog5d ago

I'm waiting for them to release the complete edition bundle, but it's definitely on my list.

PhillyDonJawn5d ago

Wth is going on with the gaming industry?

mandf5d ago

Corporate investors taking everything

TiredGamer5d ago

Not rocket science. Compare sales numbers, development cycles, and budgets to the previous gens. We are all collectively burning up the industry from the inside out. Expectations are ludicrously high now for every release and sales are dropping for even the most prestigious of series.

We used to be satisfied paying $50-60 for a game that took 1/100th the budget and staff to make. Now gamers feel cheated if they have to pay the same for a game that took 100x the budget. We may be reaching the end of the line for this model of gaming.

wiz71915d ago

@tiredgamer I think your point is one that ppl don’t understand and you hit it on the nose .. some gamers don’t want to take accountability but it’s some of the gamers fault the industry is where it’s at .. we as gamers set the standards for the industry not the shareholders , ppl forget that the shareholders and the industry want and need OUR Money. Both the Xbox and PlayStation are seeing a drop in hardware , the industry is very stagnant right now.

Tacoboto5d ago

Speaking to Square:

Turns out their mismanagement wasn't related to the western studios they dumped to Embracer, but their own fault.

With regards to Xbox - a good way to kill your brand is to pull support on high quality titles and only dump B and C-tier titles to it

With regards to PC - Epic Games Story exclusivity for any duration and piss-poor optimization will hurt you.

With regards to FF Pixel Remasters - y'all messed up by barely releasing them on physical, like wtf that was free money!

And lastly, you don't help a franchise by releasing a mainline title that undermines every title that came before it. FFXVI was a DMC-like with bottom-of-the-barrel side quests and I can't imagine that helping Rebirth at all considering its marketing is directly tied to how big that game is.

Tacoboto5d ago

Sony is getting their best titles and with the most polish, so what about it? Nintendo gets their top properties too, for titles that can run on Switch hardware.

It's the other fanbases that get the second- and third-class treatment from Square. If that's due to agreements with Sony, that's not a Sony issue but a Square one for accepting those terms. Sony is doing its best to look out for Sony.

wesnytsfs4d ago

sales and stupid practices like exclusives.

TiredGamer5d ago

The industry implosion is continuing. Sky high budgets, prolonged development windows, stagnant sales numbers, and falling currency values (inflation) are wreaking havoc on the legacy industry. AAA games will slowly become the rarity.

CS75d ago

Sad. Rebirth was one of my favorite games in a long time. Should have sold more.

CrimsonWing695d ago

Oh I’m with you. What’s worse is they can say, “Well we tried to make this amazing game and spend all this money on, but not enough people showed an interest. So no more of these since we can’t take a hit like that.”

The industry is going to take a dramatic shift. Mark my words on this.

rpvenom5d ago (Edited 5d ago )

I think there is quite a large portion of individuals like myself who held out on buying it on PS5 because I can get it on PC eventually. To be able to mod the game and also have custom graphical settings to my liking

gold_drake4d ago

same

but im not sure if it matters at all. im sure they made sony pay a hefty sum for the 3parter to come on ps5 exclusively. so watever they made in sales, might have come bk in profits for square, but i dont know
and we dont know what "underperformed" even means for square.

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130°

Square & Bandai Namco Being Honest About Quality Is A Step In The Right Direction

Saad from eXputer: "After suffering from massive financial hits, Square Enix & Bandai Namco appear to be turning over a new leaf but I'm still unconvinced."

Nerdmaster6d ago (Edited 6d ago )

I was talking about games with some Japanese guys here in Japan, and it seems like around here Bandai Namco has a fame of making low-quality games, with the occasional gem.

About Square Enix, I believe they lack the capacity to improve. They should learn with Capcom (although even Capcom still makes some bad mistakes), but I don't think they ever will. They keep chasing whatever is new at the time (blockchain, AI...) to say "we innovate", without considering the public perception and if these things actually improve the games or not. Them releasing too many small games with no advertising also shows a lack of trust in its own products. Even with their biggest games, like turning FF into an action game with XVI and the very divisive plot changes regarding whispers and timelines in VII Remake, shows them trying to attract a new generation of gamers without understanding what made the series so big in the first place.

shinoff21835d ago

I want a true ff7 remake. With thatcsaid I'm way happier with 7 remake then I was with ff16. I'd still prefer turn based but square keep chasing these Lil kids

Snookies125d ago

Man, it is perfectly fine to prefer turn based. Turn based is amazing. But there's zero reason to call anyone who likes action games "lil kids". Liking one gameplay system over another does not make you more mature in any way.

VersusDMC5d ago

People love the new FF's overall...the problem is the abundance of 7's they release that lose money or make very little like diofield, star ocean divine force, Valkyrie asylum, harvestella, foam stars, etc. Advertising wouldn't have saved those games. Apparently Forespoken had a big Advertising budget but we saw how that went.

shinoff21835d ago (Edited 5d ago )

Star ocean divine force actually sold well from what I've read not ff type numbers but well enough. Was a dope game to.

FinalFantasyFanatic5d ago

Bandai Namco is going to Bandai Namco, I do believe that Square Enix can't change without changing the entire management, they've had these issues for more than a decade and haven't learnt, I have very little faith they can course correct. I'll still buy their better remasters/remakes like Star Ocean 2 though (not FF7R).

Asterphoenix5d ago

Namco is just milking the same Sword Art Online with lack of budget as well as anime IPs that don't go to decent developers like Jujutsu Kaisen and My Hero Academia. Namco deserves their losses and no future Dot Hack or Xenosaga remaster :(.

Square allocated lot of their budget on Forspoken was a mistake. Square always had management issues. Star Ocean 2 was a great remake and I found their recent entries of FF(16 and Rebirth) better than 13 and 15.
I think they were better than 360/PS3 generation where Square went really downhill.

CrimsonWing695d ago

I don’t know why NOW they decide on this, but I guess later is better than never.

80°

I’m Glad Atlus & SE Changed Dates To Avoid Competing With Shadow Of The Erdtree

Saad from eXputer: "I'm glad I don't have to choose between Square Enix, Atlus, and FromSoftware due to bad release windows and Shadow of the Erdtree."

H911d ago

More intelligent than guerilla games

raWfodog11d ago (Edited 11d ago )

Atlus is releasing their game one week before Erdtree, SE is releasing theirs one week after.

HZD released four days before Zelda, HFW released one week before Elden Ring.

It seems to me like they are still releasing their games too close to Erdtree.

VincentVanBro10d ago (Edited 10d ago )

What a word vomit, rambling, turd of an article that simply states the obvious. Classic exputer.