Square Enix is selling IO Interactive, the studio behind HITMAN

Square Enix has announced that it is selling the studio behind the HITMAN games, IO Interactive. As the press release reads, in order maximize player satisfaction as well as market potential going forward, Square Enix will be focusing its resources and energies on key franchises and studios. As a result, Square Enix has decided to withdraw from the business of IO Interactive as of March 31st.

Square Enix claimed that this decision has resulted in booking of the loss amounting to 4,898 million yen, including disposition of the content production account related to the business and impairment loss of intangible assets, in the financial results for the fiscal year ended March 31st.

As a result of this Square Enix started discussions with potential new investors and is currently in negotiations to secure this investment.

And that is that. While the media and gamers enjoyed and praised the latest HITMAN game, it appears that it was not successful enough.

Whether we’ll see another HITMAN game or not in the future remains to be seen!