From Game Industry.biz
Japanese publisher Square Enix has reported an extraordinary loss in its latest fiscal report, attributed to a change in strategy at a key subsidiary.
The firm announced Luminous Productions - the new studio opened earlier this year with some of the Final Fantasy XV team at the helm - will now concentrate on "large-scale, high-quality AAA game titles, which best leverage [Luminous'] strengths."
This decision has caused a loss of ¥3.73 billion ($33 million), which has dealt a blow to Square Enix's financial results for the six months ended September 30th.
It's not overly clear what has actually changed at Luminous Productions, since the original announcement said the studio would be "development new AAA titles and bringing innovative game and other entertainment content to a global audience".
It's likely plans for "other entertainment content" - which we surmised to translate as transmedia products like Final Fantasy XV's full-length prequel movie - have been dropped, instead focusing specifically on games.
Makes you kind of wonder, what new expensive IP are they making? Maybe Final Fantasy XVI that won't come out until 2025?