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Square Enix is Withdrawing from Hitman Dev Studio IO Interactive

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Square Enix is Withdrawing from Hitman Dev Studio IO Interactive

Currently in talks with potential investors.

Square Enix has just announced that they will be withdrawing from their internal studio IO Interactive, best known for developing the Hitman series, to focus their resources on “key franchises and studios.” Here’s the full statement:

‘To maximize player satisfaction as well as market potential going forward, we are focusing our resources and energies on key franchises and studios. As a result, the Company has regrettably decided to withdraw from the business of IO INTERACTIVE A/S, a wholly‐owned subsidiary and a Danish corporation, as of March 31, 2017.

As a result of this the Company started discussions with potential new investors and is currently in negotiations to secure this investment. Whilst there can be no guarantees that the negotiations will be concluded successfully, they are being explored since this is in the best interests of our shareholders, the studio and the industry as a whole.’

It’s definitely a shame, considering how well-received the Hitman episodic series has been in 2016. We’ll keep you updated as more info on this issue comes our way.

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