RPGFan


DigiCube Files for Bankruptcy
11.29.03 - 2:15 AM

As of two days ago, Japanese game soft retailer DigiCube has filed for bankruptcy in Tokyo. Considering debts of 9.5 billion yen ($866.67 million USD), the company, who also published most soundtracks of Square's (now Square Enix) PlayStation One titles as well as a PlayStation 2 remake of the Nihon Falcom classic Ys I and II, saw no alternative to this step. While the shrinking Japanese game market (under which retailers like DigiCube in particular have been suffering for years) was mentioned as a general reason, the company cited the delay of Square Enix's Final Fantasy XII for PlayStation 2 until summer 2004 as a specific reason for its decision to file for bankruptcy.

For reference, Square held a stake of 47.38% until 2001, before selling a 9% stake in DigiCube in August of the same year. How the recent development will affect the publishing of Square Enix's soundtracks in Japan remains to be seen.


Back
Chris Winkler





Coming Up on Twitch

Wild Arms 2
July 3 • 9:00am PDT/12:00pm EDT

Lunar 2: Eternal Blue Continues!
Every Monday • 5:00pm PDT/8:00pm EDT

Zero Time Dilemma
Every Night! • 5:00pm PDT/8:00pm EDT

Grandia II Continues!
Every Wednesday • 2:00pm PDT/5:00pm EDT

Featured Content
Grand Kingdom Review
Grand Kingdom
Review
Overfall Review
Overfall
Review
E3 2016 Complete Coverage
Complete Coverage!
E3 2016
Tokyo Mirage Sessions #FE Review
Tokyo Mirage Sessions #FE
Review
Dreamfall Chapters Review
Dreamfall Chapters
Review
Final Fantasy XIV Producer/Director E3 Interview
Final Fantasy XIV Producer/Director
E3 Interview
RSS Feeds & More
Complete Feed
Reviews Feed
Media Feed
Random Encounter
Rhythm Encounter
Retro Encounter