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Square Enix is Withdrawing from Hitman Dev Studio IO Interactive

Currently in talks with potential investors.
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Zhiqing Wan
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Published: May 11, 2017 03:32 am

This article is over 7 years old and may contain outdated information

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:

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‘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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Image of Zhiqing Wan
Zhiqing Wan
Zhiqing is the Reviews Editor for Twinfinite, and a History graduate from Singapore. She's been in the games media industry for nine years, trawling through showfloors, conferences, and spending a ridiculous amount of time making in-depth spreadsheets for min-max-y RPGs. When she's not singing the praises of Amazon's Kindle as the greatest technological invention of the past two decades, you can probably find her in a FromSoft rabbit hole.
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