Square Enix Streamlines Activities Towards Core Games and Investments in Blockchain Technology
The company is working on strategic relationships between Japan and the West and has appointed two chief product officers.
Square Enix is Restructuring for Overall Development
The President of Square Enix, Yosuke Matsuda, has reaffirmed the company's commitment to expanding its HD gaming business worldwide and continuing its investment in blockchain technology. Furthermore, the company aims to turn its existing franchises, such as Final Fantasy and Kingdom Hearts, into global hits and to create new intellectual properties that have the potential to become successful franchises.
Square Enix has restructured its development and publishing organization to support its growth and has appointed two Chief Product Officers. Additionally, the company has sold off its Western game studios to Embracer Group for $300 million. Square Enix also plans to explore new business opportunities, including blockchain entertainment and has several new projects based on new intellectual property.
Economic Reforms and Blockchain Investment
The company also stated in its annual letter that it would continue to focus on growing its high-definition games business and exploring new business opportunities, including blockchain entertainment. The company has also recently undergone structural reforms, including streamlining its game business and selling off some Western studios to support its future growth. Square Enix has two highly anticipated games to release in 2023 and appointed two chief product officers to help grow its publishing capabilities globally. The company also mentioned working on new projects based on new intellectual property.
The company has adopted the One Square Enix model, which aims to align the working relationships between Japan and the West and streamline the game business. This model has also seen the appointment of two chief product officers to oversee the growth of Square Enix's publishing capabilities globally.
Square Enix is also exploring new business opportunities, including blockchain entertainment, and has several new projects based on new intellectual property in the development. In addition, the company is focused on growing its high-definition games business globally and expanding its existing franchises, such as Final Fantasy and Kingdom Hearts, into global blockbusters.