CD Projekt SA, the Polish video-game publisher of Cyberpunk 2077, said it will defend itself vigorously after an investor sued the company for allegedly misleading holders of its depository receipts and incurring losses.
In a town hall that took place on Monday, Square Enix president Takashi Kiryu reportedly confirmed imminent layoffs in the U.S. and Europe.
@Outside_ofthe_Box,
So that Microsoft can close down the studio after doing nothing with them? Right...
Sad but true. It's the consequence of a shift in player habits, massive overhead, and out of control budgets across the industry.
What did NA and EU did anyways? Just translate or something? I would say it might help them get back to there roots but DK.
Actually, you are correct they play a hand in localization especially in Europe with the many languages. That and marketing.
The gaming world is still reeling from the announcement that Microsoft is shuttering Tango Gameworks, the studio behind last year’s big Xbox hit, Hi-Fi Rush.
They have a reason but they don't need to give a explanation. Gamers nowadays think they have a say so in telling people how to run their company. It's not the end of the world, fanboys. Microsoft is gonna due what benefits them the most. It's never been about you. Same with sony. Some of you need to get a grip. The crazy part is that some of the ones complaining don't even own an xbox.
I don’t own an Xbox and I have no real interest in HiFi Rush. I just hate to see a talented group of people lose their jobs when they did everything that was asked of them. You know… the decent, normal reaction to have when something like this happens.
There's no logical or good reason to give for closing Tango Gameworks. They make great games consistently and Hi-Fi Rush was the highest rated Xbox game in literal YEARS. Closing the studio was just plain stupid and nonsensical.
It’s quite strange to not see Phil Spencer in any talkshow or podcast… usually the dude would talk almost daily when there’s even a bit of news from xbox.
Muzzled and/or in on it from the very beginning. You have to be a very stupid person not to anticipate that your division is going to be under scrutiny from shareholders after 80 Billion Dollars worth of acquisitions
The beauty of being a CEO here in America is that when your company does well, you get extra money as a reward...
And when your company does badly, you get extra money to encourage you to stick around and lead it through the storm...And at some point, you get to bow out and float toward retirement on your golden parachute, which means and you guessed it, MORE MONEY!! What a deal for snake oil man Phil!!
Oh god no
You see when shit like this happens he throws Sarah Bond to the wolves
Seriously I only hear from her when it’s the yearly big Xbox showcase or when it’s super bad.
When the whole multiplatform release came out earlier this year he put her front and centre…kept his mouth shut for most of it
Perhaps they think they can sweep this one under the rug, gamers will forget about it,
We will not
They made a good game and you put the whole studio in the bin, this couldn’t be clearer, ms don’t care, everyone suspected it, but now we KNOW it
She's kinda got the verbal communication of 3-years-ago Biden trying to say something he knows nothing about.
What she meant to say is: "We wasted our budget for the next couple years buying Call of Duty, and we're moving all our chips to that one series"
It's starting to seem quite obvious that XBox is going to be shutting down most of their studios or selling them off, then focusing on some sort of PC/Console hybrid OS for the next XBox where they can collect royalties Valve style.
To be fair I don’t think there is a good answer, I’d rather her been honest but that probably would have pissed more people of then the word salad route.
@amp please leave your political red ruby sleepers at the door this is a gaming site or go back to truthfoxnewsmax to comment over there.
BACK ON TRACK
It’s obvious that Microsoft is moving on the money now direction guided by their investors watching all the failures from the 3rd quarter of the 360 gen to this generation I wouldn’t be surprised if they have a plan to replace Phil with Bobby as he proved for years he kept making money for activision.
Bobby jeez that would be an interesting turn of events and they'd certainly go 3rd party
Square Enix is shifting its strategy to aggressively pursue multiplatform releases and focus on quality over quantity.
Yup, it's official. FFXVI and FFVII Rebirth didn't sell as much as they expected.
- 1% increase in net sales compared to a year with Forspoken and Octopath Traveller II, which didn't sell more than 3 millions combined (and I'm being generous).
- A 38.3% decrease in operating income despite the release of 'High-Definition' titles namely FFXVI, FF Pixels Remaster, Dragon Quest Monsters, and FFVII Rebirth.
- Aggressive multiplatform strategy one year after saying that exclusivity with PlayStation was mutually desired.
Sure, it's all in my head.
Probably for PC and the upcoming Nintendo Switch 2. Square Enix games doesn't sell to well on Xbox
Square named Drops Xbox as part of their multiplatform approach in their quarterly reports.
Like it matters MS will probably find away to close them down to.
I can see them going for PS5/Switch/PC for the most part, it'll mostly likely be the Switch 2 by the time their next game enters development, which is probably a good thing since the Switch is struggling with 3rd party games. If they're hurting for money/sales, I don't see them bothering with Xbox, that's just wasted time/money for them.
I mean, maybe? They'll want as much as possible and I figure they could have been hoping for greater impact on PlayStation, but that's good reason to reflect and realize the resources and development cycle of these games aren't very sustainable. The solution is to make more affordable games with shorter dev cycles, then once in a while bring out the big guns.
I think Final Fantasy VII Re make and Rebirth would do really well if it was multiplatform. Specifically, if Nintendo gets their hardware up to snuff, and the rumors are promising. I don't really have much faith in its performance on Xbox, but Nintendo gamers really commit to buying their games. At one point, Breath of the Wild for Switch outsold the Switch itself.
Granted, Zelda always solos everything except GTA, but Nintendo folk are avid Final Fantasy fans. I think it would do exceptionally. Nintendo just needs to make porting easy and inexpensive and they'll get more games.
I don't think the exclusivity hurts them as badly as they think, I think it's a range of factors, like the quality of the games, high sales expectations, ESG/DEI, censorship, development costs/time... I also suspect that Square-Enix is extremely inefficient with their resources, they struggled/avoided towns in the FF13 trilogy, and FF14 was mostly wilderness with little to do apart from derp about in the wild (they also avoid towns and making a lot of characters there too). But FF14 also went through development hell, I think Square-Enix just needs to overall how they do everything, because the way they manage that studio just isn't working.
The two most profitable games for them didn't sell as much as expected. Yes. Make it make sense.
Square finally realized what Sony figured out recently, their installed base is not enough. We are going to see a lot less exclusives from everyone moving forward.
PS5 is nearly at 60 million only half-way through its life-cycle, but sure, the install base is not enough.
Hopefully the next Nintendo system isn't a potato and it can contribute to FF sales in future as well, in addition to PC releases. If this ensures the long term health for SE and franchises than like FF and KH then I'm all for it.
Adding Nintendo and PC customers is the best way to increase sales and long term success. Not going to get that from Xbox.
Hof,
You must not have heard they are launching new hardware and have already committed to a Next-Gen Xbox.
But, for some reason, I think you already knew that and wanted to spin a silly narrative; besides, why wouldn't they release games on the SX/SS? You do know these consoles will still be here, right?
Optics. They have a STATED plan to do so. Thats not commitment. The shareholders and board are calling the shots now. Lets see if they have the appetite for hardware because they are owed 80 Billion Dollars already. Investment in hardware, R and D and marketing is how much again? That cost with the history of their hardware performance....at most maybe a handheld. What I am certain of XBOX is finished, the writing has been on the wall before the studio closures. Its MS Games and they are not hardware. They are software because MS is a software company. Expect them to be folded in the Surface team.
*hardware
I believe they committed to hardware.
I hate to nitpick, but that's kind of the company they are. You have to.
@hofstaderman the board and shareholders have always called the shots or had a huge impact on decisions.
Xbox finished lmao, the writing has been on the wall? mate they just spend 70 BILLION dollars, and you see the writing is on the wall that they're done. 0 idea what you're talking about. They grafiti'd on the wall and you still can't see it.
"They have a STATED plan to do so. That's not commitment."
Huh? What are you talking about? They announced they would be unveiling new Hardware this holiday season; how else are they supposed to commit to it?
" Lets see if they have the appetite for hardware because they are owed 80 Billion Dollars already"
What a silly statement, you think this deal was approved so they could make 80 billion in less than a year? This is a long-term commitment, a future-proofing of profit.
"What I am certain of XBOX is finished,"
No, you are not certain of this lol; as you stated, if they make even a Handheld in the form of a Steam-Deck that can dock to a TV/monitor, wouldn't that be just changing the form factor but still XBOX?
Closing these studios has really got you guys delusional; that is what happens in companies, in a changing market: you acquire, and you trim; like it or not, that is the way things are done. Lets look.
Where is the new Psygnosis with a new wipeout?
What happened to Japan Studio? Pixl Opus? London Studio?
Where is Zipper Interactive?
I can list more, but you see, closing devs doesn't mean your company is finished, especially when you have like 30+ dev teams.
They won't be unveiling the hardware this holiday season it will be like the series x and s they got a tease at the game awards 2018. But no details until year of their release in 2020 lol
Please tell me the Dragon Quest III HD-2D Remake is still coming. I feel like I've been waiting forever for that game.
i think the juggernauts kingdom hearts (disney provides the money for that one) final fantasy and dragon quest are fine, the rest not as much
I'm kinda worried about the future of DQ though, Toriyama and the composer both passed away. Huge blow to the franchise.
@Michiel1989,
Akira Toriyama had an understudy though, he emulates his style, so maybe he'll do the art for Dragon Quest games, I would love to see Nobue Uematsu do music for the series though, that could be fun if they could convince him.
I'll be so p*ssed if that doesn't go ahead, also, where's DQ12 at? They've been silent on that for so long, and it was announced years ago.
@gold_Drake,
I'm pretty sure they can siphon some profit from A Realm Reborn to keep FF and Dragon Quest going too. I think the company would have gone bankrupt if it wasn't for that cash cow.
Another sign that dedicated consoles market is in trouble, while PC seems more and more attractive to big publishers.
Having a good gaming PC and a PS5 myself, given current trend form both Sony and MS I am less and less playing on PS5, waiting for exclusives to release on PC, so I understand the logic behind the new strategy.
Ants,
I get that we don't know exactly without numbers, but come on, man, we can clearly see what's happening.
The console market has not grown much, the highest-selling console in history is still the PS2. You can play the " prove it" game all you want, but Sony's more aggressive PC push, SE completely rebooting their company/business, after being mainly exclusive to one console and showing a sizeable profit loss is telling.
PC is a high seller, and your doubtful PS5 dominant stance does not change the clear writing on the wall, straight from Sony's mouth, that they need to be, and will be more aggressive in the very lucrative PC market.
So, in other words, PC market is indeed looking more and more attractive to Pubs.
@730
Numbers?
I'm willing to bet the farm that ¨PC gamers are not the dominate number compared to console, but I don't know because I don't have numbers. However, the price point of entry can allow us to infer what I had just stated.
What an ironic thing to say on a link-agreggate site like N4G. Explains your comment history perfectly.
asks for numbers. receives numbers and then continues to say I don't wanna click a website (because it might shatter my illusion)
@All the people with that good 'ol folk wisdom
It's ironic how I clearly asked for the site and people still can't even answer this simple question.
Tell me how many people click on random links on forums?
Tell me the site and I will look. I don't mind being wrong and I'm barely intelligent enough to change my mind with something substantial.
All the numbers I have seen is that PC doesn't even come close console gaming in revenue, and nothing touches mobile gaming. More people touching something doesn't mean anything. It just means more people own PC for work and touch Steam every now and again, those numbers mean even less.
Anast I wasn’t expecting more from you and I haven’t be disappointed.
Don’t believe any number if you want, but things cannot be more evident that most of games companies are pushing to get the most they can from PC market.
Hell, we have both MS and Sony that are releasing their biggest franchise on PC with no or less and less delay vs console release, that is never seen before in the industry.
What is surprising me is that PC is not cheap in term of hardware cost, a rig close to PS5/XBX perfs may be close to double the price I guess, and close to 4x for a good gaming PC.
Plus, PC gaming does not have physical release anymore.
So a lot of supposed advantages from console market are not there but PC market is successful anyway, it would be very interesting to understand it.
Maybe one big argument is that we are more likely to need a PC at home, were we can work with, browse, and game, than a dedicated gaming machine. That why handled console market have been crushed by smartphones, we could see a repeating pattern here.
From what I can ascertain PC is a smaller market than PS. There are occasionally times when PC looks to be stronger but overall it's still behind.
PC also has a lot more competition, especially when people can easily buy and play older games from 20 or so years ago on it.
This is getting spicy
Sure they'll defend themselves vigourously, but it's still time and money down the drain. Plus there's simply no question that the game wasn't ready for release on last gen consoles. If you agree to offer full refunds, then you've already admitted the game was broken at launch.
I hope this teaches the CDPR execs a very valuable lesson.
It's kind of a joke that Bethesda games always got a free pass for bugs and glitches and the graphics on their games were never even that great, especially on 360/PS3.
I get that the base last gen consoles couldn't run cyberpunk and that is unacceptable but the way people are overreacting about the glitches on the other versions is excessive.
Cyberpunk is still a really good game despite all of the controversy. The world, the story, the graphics and the non politcally correct jokes and ads are all excellent. This game is what the sequel to Deus Ex Human Revolution should have been.
Gonna lose millions. Thats for sure. Try to explain a game launched after 8 years that got so many problems and isnt free....
I hope this sets an example of what not to do with your game launches (release them half-assed)