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

To Be Announced!
Sunday, Apr. 23 • 10am PDT/1pm EDT

To Be Announced!
Every Tuesday • 12pm PDT/3pm EDT

Tales of Symphonia
Every Wednesday • 5pm PDT/8pm EDT

Horizon Zero Dawn
Every Thursday • 5pm PDT/8pm EDT

Featured Content
Retro Encounter 79
Retro Encounter 79
Podcast
Pillars of Eternity Official Soundtrack Review
Pillars of Eternity Official Soundtrack
Review
Shiness: The Lightning Kingdom Review
Shiness: The Lightning Kingdom
Review
Hero of Time Review
Hero of Time
Review
Battle Brothers Review
Battle Brothers
Review
Final Fantasy XIV: Patch 3.3 Review
Final Fantasy XIV: Patch 3.3
Review