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Square Enix shares the reason why it sold Crystal Dynamics and Eidos

Posted on August 5, 2022 By Brad O'brien

Big studio acquisitions in 2022 are one of the trends we’re seeing in the gaming world. Activision Blizzard, Bungie, Haven Studio, many companies have changed hands.One of the most recent has been the sale of Crystal Dynamics and Eidos Montreal by Square Enix to Embracer Group. The decision has been a little more controversial than others, since the reasons for this decision were not clear. However, a few days after announcing this agreement, Square Enix has reported on the reasons that have led the company to sell these two developersknown for creating Tomb Raider, Marvel’s Guardians of the Galaxy and many other games.These external hard drives are perfect for your XboxThese are some of the external hard drives that you can buy on Amazon and that will help you expand the capacity of your Xbox. See listThe Japanese company has released a report on its quarterly financial results in which it has shared some details about a capital readjustment plan. The analyst David Gibson commented on all this. And it is that, in this informative thread, the reason why Crystal Dynamics and Eidos Montreal have been sold is mentioned. The decision was apparently made out of concern that “The titles launched by these companies will cannibalize the sales of the rest of the group and, therefore, could improve the efficiency of capital.”

1) Crystal Dynamics/Eidos (CD/E) sale was driven by concerns that the titles cannibalized sales of the rest of the group and so it could improve capital efficiency— David Gibson (@gibbogame) August 5, 2022

The explanation has not convinced the fans too much, who do not understand the company’s approach. Be that as it may, it seems that the changes at Square Enix have just begun. What will the future hold for us? What already seems clear is that Square Enix will not invest in NFT by selling its studios, it will create new ones. Although we remember that, until the sale is formalized, Crystal Dynamics and Eidos still belong to the company. This has been nuanced again after Square Enix requested the withdrawal of a podcast in which they talked about the new Tomb Raider, Project Jawbreajer . We remember that Crystal Dynamics is already working on a new installment for the saga.

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