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Post by KostaAndreadis @ 12:58pm 12/05/17 | 0 Comments
As in they're selling the studio which they acquired back when EIDOS Interactive was absorbed. The decision to sell the studio, which just released a year's worth of great Hitman content, comes down to finances. With the reasoning, and decision itself, reported in the most clinically financial-market speak imaginable in something called a 'Notice of Booking of Extraordinary Loss'.

Exhibit A
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.


What does this mean for the future of IO Interactive and the Hitman franchise? Well, currently Square Enix is looking for a buyer. And if that fails then the studio will probably be shut down. A pretty sad day for Hitman fans, especially those looking forward to a potential second season of the excellent episodic Hitman.



square enixio interactive





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