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Why did Square Enix sell IO Interactive?

jigglet

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The logic here escapes me - in 2017 they announce a pivot towards GaaS:


In the same year, they sold IO Interactive.

Say what you will about GaaS, that's a different conversation for a different day. The point is, IO Interactive had one of the most successful executions of episodic / GaaS style content in the industry with the latest Hitman games. Hand in glove. I mean strategically it sounds like a perfect combination.

What am I missing here? If you're going GaaS, why the fuck would you sell one of the only companies out there doing episodic content well? Even if Hitman was a huge flop, doesn't it make sense to hold onto a dev that knows the GaaS arena well?
 
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Aion002

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Square-Enix is/was short-sighted.



Probably too many zippers over their heads or something...

Sneaking Final Fantasy GIF by Square Enix
 
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TGO

Hype Train conductor. Works harder than it steams.
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What's strange is they still publish their games.
 

jigglet

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because they lost a fuckton of money and didn't value Hitman, duh

Yes but as I said in the OP just don't make Hitman games anymore then. The dev team surely was still worth holding onto? GaaS is not an easy thing to get right, you need devs that get it.
 
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Same ol G

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Because the games are not that interesting anymore, why hold a dev if they don't do anything worthwhile.
Bussiness doesn't work that way, if the company can't use you at that time you got to go it's not a charity to keep people employed.
 

sublimit

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They should have sold Crystal Dynamics instead. Then Tomb Raider may have stood a chance to return to its roots.
 
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Godot25

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because Hitman bombed

Also, they treat all their western studios like shit.

They forced Eidos Montreal to split Deus Ex Mankind Divided into two separate games, and when first part bombed, they shelved whole series. And I'm not even talking about whole Breach fiasco.
They forced Crystal Dynamics to make shitty live service Destiny copycat and game bombed as result.

I think it would be great if they just sold all their western studios. Keep making shit like Final Fantasy and let Crystal Dynamics make new Legacy of Kain under new publisher.
 
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SJRB

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Every day I pray to the videogame gods that eidos Montreal will be able to escape overlord Square Enix's clutches like IO Interactive did.

We need you, Eidos.
 

Perfo

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I think it would be great if they just sold all their western studios. Keep making shit like Final Fantasy and let Crystal Dynamics make new Legacy of Kain under new publisher.

Or for a change let their japanese teams work on legacy of kain and give the western studios the KH ip! :D
 
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SkylineRKR

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I love how IO was let go. I wonder if Absolution was like that because of Square. But Hitman is never going to be a behemoth. I can see it doesn't line up with Square's goals. Tomb Raider has more mass market potential, even today.
 

Boss Mog

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SE made amazing acquisitions of Western studios but they fucked it all up for themselves.

Tomb Raider had a lot of momentum coming into the PS4/XB1 generation and to make Rise of Tomb Raider XBOX exclusive was a mistake, as the PS4 was by far the most popular console at the time. The PS4 version ended up releasing almost a year later than the XB1 version and after Uncharted 4 had come out and so that killed a lot of enthusiasm for the franchise.

Sleeping Dogs was a great game that wasn't perfect but was a solid base to build a new GTA-esque franchise on. United Front was working on an ambitious sequel that got canned by SE and went on to make a shitty Triad Wars MMO that never got off the ground.

Deus Ex Human Revolution was one of the best games of the PS3/360 gen, SE completely fucked up the sequel by insisting that the shitty microtransaction-riddled Breach mode be incorporated which caused the main game to be cut in half and so we only got half the game we were supposed to with Mankind Divided and the franchise was then shelved because of underperforming sales.

Hitman has been a solid franchise that has been growing since the reboot. I think the decision to make it episodic at first was not a good one, don't know if that was SE or not, but it wouldn't surprise me. Hitman III has been the best one yet and the dev team is super talented, it's a shame they let them go.

Just Cause is probably my favorite open-world franchise but I feel like SE will never pull the trigger on Just Cause 5 because 4 didn't sell as well as they'd hoped, even though the potential for co-op in JC5 now exists thanks to the new consoles with powerful CPUs, not to mention the Solis Pro Tour mode opens up some amazing possibilities to expand it in the next installment if there is one.

It's crazy to have all these amazing franchises and talented devs and yet not be as big as EA.
 
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