David Gibson, market analyst at MST Financial, commented on the recent transaction that resulted Square Enix to sell Eidos Montreal, Crystal Dynamics and Square Enix Montreal to Embracer Group for $ 300 million. According to the information shared by the analyst, the main cause is the losses caused by Marvel gamesnamely Marvel’s Avengers and Marvel’s Guardians of the Galaxy, estimated for 200 million dollars over two years.
Gibson believes selling Western teams to focus on NFT and blockchain a “weird move” by Square Enix, possibly due to difficulties managing projects outside of Japan. Sure, it weighed on the losses experienced by teams in North America, according to Gibson at $ 200 million for the two Marvel-licensed titles.
“Strange move, the plan to invest more in blockchain, etc. doesn’t need more money. Too difficult to manage overseas projects?” Says Gibson.
“Marvel, this is why Square Enix sold its teams in North America for $ 300 million. Because in just under two years they lost $ 200 million on two Marvel games. But it still seems like a low price considering. the probable 4 AAA qualifications in development at the studios. ”
The analyst therefore, despite the huge losses of Marvel games, the price of the 300 million dollars agreed by Square Enix to Embracer Group is not explained. A possible theory in this regard is that the operation of the Japanese company is to streamline in view of an acquisition, and among the possible candidates for the purchase could be Sony PlayStation, according to some rumors shared by Jeff Grubb.