Square Enix Facing Big Losses For 2010 210
eldavojohn writes "It's no secret that Final Fantasy XIV took a lot of heat early on, which required extensive damage control. And the Japanese tsunami (which appears to have added $7.5 million to their losses) certainly didn't help. But if what early investor reports are saying is true, then Square Enix is expected to report $148 million in losses for the closing fiscal year. Expect title cancellations (which might add to the hurt) and a very painful realization for the owner of Final Fantasy and Dragon Warrior (PDF). Perhaps a move to re-releasing classics will prove more fruitful than high development cost MMORPGs?"
Re:Sad state of affairs for a once great company (Score:5, Informative)
If it wasn't for the merger with Enix, Square likely wouldn't be around. See, it wasn't so much a merger as a Square-fucked-up-when-they-made-The-Spirits-Within-and-needed-bailing-out. Further, they had a lot of great years after that merger, given that it was... almost a decade ago. They considered merging before that, but at the point they merged, TSW lost Square a bunch of money and they would have had a hard time making it back on their feet.