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

Here’s The Latest Samurai Showdown Kyoshiro Trailer

Here's The Latest Samurai Showdown Kyoshiro Trailer


Here's The Latest Samurai Showdown Kyoshiro Trailer

Samurai Showdown has enjoyed worldwide success as a blade-wielding fighting game series since its first release in 1993. 11 years have passed since the last series installment, and it is now time for SAMURAI SHODOWN to return in a brand-new game featuring high-end visuals and gameplay!...

Dota Underlords Open Beta Is Now Accessible On Steam, Android And IOS

Dota Underlords Open Beta Is Now Accessible On Steam, Android And IOS


Dota Underlords Open Beta Is Now Accessible On Steam, Android And IOS

Valve's Dota Underlords is now playable on Steam and it's free. This is the Valve version of the popular Dota 2 mod, Dota Auto Chess, a turn-based strategic battle game where players try to dominate the city of White Spire. Players can hire a crew and destroy their rivals in this new...

Play Insurgency: Sandstorm For Free This Weeknd On Steam

Play Insurgency: Sandstorm For Free This Weeknd On Steam


Play Insurgency: Sandstorm For Free This Weeknd On Steam

Insurgency: Sandstorm will be playable on Steam at no cost this weekend. In addition to the free weekend trial, Insurgency: Sandstorm has just received even more content in update 1.3, and new players are encouraged to try the game during its Steam Free Weekend, 10am PST Thursday June...

Leave a comment