Square Enix financials, WoW Classic, more



How is it going everybody, Adrian Simple here from The Gaming Observer, and this is your Daily Gaming Update for May 14th, 2019. For links and a transcript, head over to thegamingobserver.com.

Fiscal year results for Square Enix ending March 31 2019

The fiscal year results for Square Enix are here, and unfortuantely their profits took quite the tumble. Revenue overall rose by 8.2%, but their net income decreased by close to 30%. They attributed this to higher costs associated with the releases of their games, notably Kingdom Hearts III, Shadow of the Tomb Raider, Just Cause 4, and Octopath Traveller. What these higher costs are I’m not sure exactly, however it appears as though some mobile releases also didn’t perform to their expectations. Looking forward, they will be releasing a new Avengers game developed by Crystal Dynamics. That being said, they are predicting a decrease in unit sales over the next year, which means it’s likely still at least a year away.

WoW Classic enters beta, launches August 27

We have some info on World of Warcraft Classic here. A beta will begin today, with the official release occuring on August 27th. For those of you who don’t know, this is a version of the game which will recreate it as it was at launch 15 years ago. Interesting stuff for sure. As well, they’re going to be selling a WoW 15 anniversary edition on October 8th, and packaging on that is very beautiful you should check it out.

Epic Games to receive BAFTA special award

Epic Games is in the news once again, this time for being given a BAFTA special award. There are few to have received such an award, and they are joining the list for having quote “powered the creativity and imaginations of development teams of all sizes over the years” end quote. They go on to boast the Unreal Engine, the games that were built on it, and of course Fortnite. This is an interesting one, considering a huge Polygon article from Colin Campbell went out just a few weeks ago about the insane crunch culture they have at the company. Of course, we don’t know if it is shared across the whole company or just the Fortnite team, but it’s important to think about nonetheless.

That’s the news for today, thank you so much for tuning in! As always I want to also thank Brandon, who supports the show through Patreon. I am Adrian Simple, see you tomorrow, and Happy Gaming everyone!

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