RPGFan


Sony Throws Big Money at Square

In what amounts to a large-scale bail-out move, Sony has confirmed that it will be tossing $124 million at Square Co., which amounts to roughly 19 percent of the company's shares.

Square's financial woes were mostly brought on by the disappointing box-office performance of Final Fantasy: The Spirits Within, which fell short of estimates by over $100 million.

While Square plans on writing off the vast majority of the costs incurred by the movie production, the value of Square stock had already plummeted to half its original value before the movie release.

Given that Sony will now hold a very large stake in the company, it is likely that this move will dramatically affect Square's planned multi-platform strategy. While it was assumed that Final Fantasy XI and PlayOnline would appear on all three major systems, the future of this is now in question. While there were also rumors of Square unveiling upcoming titles for both the Xbox and Gamecube at TGS, there is no indication at this point how Sony's move may affect the possible announcements.


Back
Updated:
10.09.01 - 2:26 PM
Jayde





Coming Up on Twitch

Chrono Cross
All Week • 5:00pm PDT/8:00pm EDT

Deus Ex: Mankind Divided
Aug 28 • 9:00am PDT/12:00pm EDT

Skies of Arcadia Continues!
Every Monday • 5:00pm PDT/8:00pm EDT

Star Wars: KotOR Continues!
Every Tuesday • 10:00am PDT/1:00pm EDT

Broken Age Continues!
Every Thursday • 5:00pm PDT/8:00pm EDT

Featured Content
Final Fantasy Brave Exvius OST Review
Final Fantasy Brave Exvius OST
Review
Rhythm Encounter Episode 27: Foliage Ocean in St. Louis
Rhythm Encounter Episode 27: Foliage Ocean in St. Louis
Podcast
Random Encounter Episode 115: The Compliment Sandwich
Random Encounter Episode 115: The Compliment Sandwich
Podcast
Retro Encounter Bonus Round: Essential Ten Part 1
Retro Encounter Bonus Round: Essential Ten Part 1
Podcast
Neverwinter
Neverwinter
Review
Bra★Bra Final Fantasy Brass de Bravo 2 Review
Bra★Bra Final Fantasy Brass de Bravo 2
Review
RSS Feeds & More
Complete Feed
Reviews Feed
Media Feed
Random Encounter
Rhythm Encounter
Retro Encounter