Well, this is a bolt from the blue: Square Enix has announced its intention to sell Hitman developer IO Interactive. The studio – behind one of the best games of the previous year – was believed to be working on a second season of stealth missions, but now the much-loved brand’s future has been put in jeopardy.
In a note to investors, the Japanese published warned of a $42 million loss in its financial results, which it attributed to the sale of the Danish organisation. “To maximise player satisfaction as well as market potential going forward, we are focusing our resources and energies on key franchises and studios,” it said in a statement.
Square Enix has opened negotiations with potential new investors and is currently trying to find a buyer for the developer, but of course, not finding a suitor for the studio could result in its eventual closure. It’s unclear whether a potential purchase would come with the rights to the Hitman brand; we’re honestly going to assume not.
Whatever happens, though, this is something of a shock. Last year’s episodic Hitman game turned out to be a surprise success, the business model working perfectly and the title going on to win several Game of the Year awards. Many had expected new content to be announced imminently – instead, the studio may find itself with a bullet in its head.
[source hd.square-enix.com]
Comments 31
Que?
Did this not sell or something? I never purchased but I know a few people who thought it was awesome.
Can't understeand the business sense.
Weird. As for Hitman, I got the collection, I wanted to like it but I just hated it.
@Rudy_Manchego I was under the impression it did pretty well.
Wow, surprised at this. Wasn't a big fan of the latest Hitman but from all accounts I thought I was very much in the minority. Bizarre as this comes around the same time as SE claim huge profits in their latest report. Seems a strange time to sell off a studio?
Yeah, this is super weird. I thought the new Hitman game had done well :/ Hope IO can stick around, they're a talented developer.
Shame, I never liked the Hitman games, but they were at least different.
It must have not sold well.
I'm really starting to worry for my single player games...
Don't like this talk of live service games.
Thank god for SIE worldwide studios.
@Fight_Teza_Fight maybe Sony should make io a member of sie ww studios
The noise caused by the episodic nature of the game clearly made damage.
Square Enix plan for the release of the game seem to change every time in order to appease the gaming community. Also, the scepticism in the gaming media, and gaming community, on the episodic nature of the game didn't help, as many saw this as a purely financial move.
Good luck, IO Interactive.
@Bingoboyop Would make for a great E3 announcement
@get2sammyb Hmm obviously something going on behind the scenes.
@Fight_Teza_Fight I agree with you on that. Hitman did have lots of online elements, like events and things but not sure how popular they were. I'm all about the single player experience and I feel that publishers are more and more moving towards always online/mp and aren't going to risk big numbers on single player games at the moment.
'the Japanese published warned of a $42 million loss in its financial results'
Hey Square fancy owning up and admitting sticking your most creative teams on FF15 guff and first level FF7 demos was a stupid tactic?
And there I was expecting a second season being announced at E3.
Shocking move from Square, just hope they don't go through with it.
I am not okay with this. Hitman was one of my favorite games of last year and is one of my favorite franchises. Hopefully the franchise stays with IO and does not wind up staying with Square Enix. I don't trust them to do right by the series if they keep it.
Come on Sony add them to Worldwide Studios so they can make a new Sly Cooper or The Order...
It may have been an excellent game according to reviews, but i don't know a single person on my PS4, X1, or Steam friends list that actually owns it. Perhaps it didn't sell as well as they hoped it would?
So, another stealth franchise gets tanked. I'm not amused.
Way to go Squenix! On your way to kill off yet another great franchise after burying Sleeping Dogs and Deus Ex.
So they're basically giving up Hitman, Deus Ex and Sleeping Dogs, yet they're still patching Final Fantasy XV.
I despair.
@kyleforrester87 same here I hated the size of the levels they were big for the sake of being big
Might be a good addition for Sony
Does this mean no more Hitman controlled by the Chuckle Brothers?
Can't say I am a fan of Hitman. If Square Enix are in financial difficulty though, it does make sense to sell off an asset or two and I can't see them selling off those involved in current projects. It also makes sense to sell those that aren't as close to home. It probably came down to IO or Crystal Dynamix but CD have landed Marvel's Avengers game.
Personally I think MS should look at them. They don't have too many studio's as it is and certainly need to expand. As for the 'Hitman' franchise, its possible that Square Enix owns the name now but it could still belong to IO as they were making Hitman games before joining SE - just depends on the deal.
I just... What?
The episodic format turned me off, what happens if I buy the complete first season now? Was there a major online component beyond distribution?
For someone who has always had a soft spot for square. (ff1, 6,7,8 and chrono) I have been very disappointed with them the last 10 years. Taking forever to release games and being dissapointed with games that sell well because they dont hit their "target in sales". I have never really liked the hitman series but you can tell that team does quality games. Hope they find someone like Sony who will let them expand.
@Splints FF9 and FF10 where quite nice to.
@Flaming_Kaiser although I beat both and I do understand the appeal to those games for people, I found FF9 was like a huge step backwards after FF8 (which was my favourite) and FF10 I just found Tidus too reluctant of a hero (aka whiny) and Wakka too over the top. The only thing keeping me playing was I truly wanted to help Yuna. Orin was the real baddass.
You are right though I can't really say they are bad games just maybe I held the bar too high after 8's story and characters and open world feel right from the opening. That horrible magic system though...
My favorite is 7 and 8 is a close second. I really liked FF9 and the characters to. Yeah the magic system sucked in 8 but i loved the rest did you see the secret ending after the credits?
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