Crystal Dynamics and Eidos Interactive will sit around “breakeven” point for the next two years, soon-to-be-new owner Embracer has said.
Financial details for the two companies have been made public as part of Square Enix’s sale. The Final Fantasy publisher is offloading both for just $300m – a figure which seems miniscule compared to other recent games industry mergers and acquisitions.
“We firmly believe that the studios will excel under Embracer’s operating model and ownership,” Embracer wrote in a note to press, adding that the studios would continue to “breakeven” for the “the upcoming two financial years driven mainly by sales of the back-catalogue titles”.
About Author
