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

Valkyrie Profile
Sunday, August 20 • 10am PDT/1pm EDT

Final Fantasy XII: The Zodiac Age
Mondays • 6pm PDT/9pm EDT

Vandal Hearts
Tuesdays • 12pm PDT/3pm EDT

Final Fantasy XIV: Stormblood - Omega Savage Raid
Tuesday-Thursdays • 6pm PDT/9pm EDT

Featured Content
RPGFan Reader Survey 2017
Reader Survey 2017
Tell us what you think. We can take it.
Bloodborne: The Card Game Review
Bloodborne: The Card Game
Review
No One But You OST ~fragments~ Music Review
No One But You OST ~fragments~
Music Review
Collar X Malice Review
Collar X Malice
Review
Random Encounter 132
Random Encounter 132
Podcast
Retro Encounter 96
Retro Encounter 96
Podcast
Pokemon Moon Nuzlocke Challenge
Pokémon Moon Nuzlocke Challenge
Finale!