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Square-Enix CEO explains why the company's fiscal results were so poor
The following info comes from Square Enix CEO Yoichi Wada…
- of the 12 billion loss, about 4.5 billion came from such things as Final Fantasy XIV’s reworking and the cancelation of multiple titles
- most of the 4.5 billion was related to domestic development
- “Our game development has become weaker than expected. Revamping it will take one or two years.”
- attributed the poor state of development to weak communication
- creative leads did not pass on his opinion to their subordinates
- trouble with division of labor amongst technical staff
- Square Enix is also looking into possibly creating a billing platform
- development of new I.P. titles may take 3 to 5 years