Square Enix Wants to Sell Off Hitman Developer IO Interactive

Collapse
X
Collapse
  •  

  • Square Enix Wants to Sell Off Hitman Developer IO Interactive

    [ATTACH=CONFIG]13115[/ATTACH]
    The latest financial report from Square Enix says that they saw "extraordinary financial loss in the financial results for the fiscal year ended March 31, 2017." As a result, the company is looking to pull their business from IO Interactive (PDF), the development studio behind the Hitman games, most notable the 2016 release of the stellar but under-performing Hitman episodes.
    To maximize player satisfaction as well as market potential going forward, we are focusing our resources and energies on key franchises and studios. As a result, the Company has regrettably decided to withdraw from the business of IO INTERACTIVE A/S, a wholly‐owned subsidiary and a Danish corporation, as of March 31, 2017. This decision has resulted in booking of the extraordinary loss amounting to 4,898 million yen, including disposition of the content production account related to the business and impairment loss of intangible assets, in the financial results for the fiscal year ended March 31, 2017.

    As a result of this the Company started discussions with potential new investors and is currently in negotiations to secure this investment. Whilst there can be no guarantees that the negotiations will be concluded successfully, they are being explored since this is in the best interests of our shareholders, the studio and the industry as a whole.

    According to Steamspy, there are only about 631,227 (+/- 23,003) owners of the 2016 release of Hitman. This is in comparison to the 3 million+ that own Hitman: Absolution.

    • cikame
      #1
      cikame commented
      Editing a comment
      I maintain that Hitman: Absolution was a great and complete game, which garnered negative reactions because of 1 level which had a linear escape sequence.
    Posting comments is disabled for guests. Login or sign up to leave a comment.

Related Topics

Collapse

  • Shawn Zipay
    Hitman and Hitman 2 to be Free to Hitman 3 Owners
    by Shawn Zipay
    There is also a new name for Hitman 3.

    IO Interactive is renaming Hitman 3 to Hitman World of Assassination. Along with this change is word that those that own Hitman 3, soon Hitman World of Assassination, get free access to both Hitman and Hitman 2 from the World of Assassination trilogy. This free upgrade will be available to everyone on all platforms starting January 26, 2023.

    This ties in with IO Interactive trying to simplify the purchase experience for new players....
    01-03-2023, 04:20 PM
  • Shawn Zipay
    Hitman HD Enhanced Collection Out Today on PlayStation and Xbox
    by Shawn Zipay

    It's already been a week since the Hitman HD Enhanced Collection was announced, which means today is the day that it is released on the PlayStation 4 and Xbox One. This two pack of games includes updated versions of Hitman: Blood Money and Hitman: Absolution.

    These two games have been upgraded for the PS4 and XB1 to include 4K resolutions and 60fps. It also has some other improvements like better texture resolutions, better shadow mapping, and more.



    ...
    01-11-2019, 02:26 PM
  • Shawn Zipay
    Free Hitman Freelancer Update Out Now
    by Shawn Zipay
    The World of Assassination takes on a whole new life.

    Today, Hitman 3 becomes Hitman World of Assassination. This means that one purchase will get you access to Hitman 1, Hitman 2, and Hitman 3 through the existing Access Pass system. This move to Hitman World of Assassination is a free upgrade for all of those that owned Hitman 3 prior.

    In addition, a completely new game mode was released today. The mode is called Hitman Freelancer and it is available for free to everyone...
    01-26-2023, 05:25 PM
  • Shawn Zipay
    Hitman 3 on Epic Games Store Won't Import Steam Levels
    by Shawn Zipay
    This is contrary to what IO said in the past.

    Previously, it was "known" that the levels from both Hitman and Hitman 2 would be able to be imported to Hitman 3. It was said previously by IO Interactive that players would be able to import content from their Steam versions of the first two games to be used in the Epic Games Store exclusive Hitman 3 (affiliate link). This simply meant that for no extra charge you would be able to import the maps from the first two titles into...
    01-15-2021, 04:25 PM
  • Loading...
  • No more items.
TGN on Threads TGN on BlueSky TGN on Facebook
Working...