Despite its warm reception last year, the future of IO Interactive’s hold on the Hitman series is in doubt following parent company Square Enix’s decision to sell the Danish outfit.
Speaking via an investor’s note released today, Square Enix highlights an „extraordinary loss“ within the last financial year as a result of the proposed sale—despite recording record year-on-year profits in its latest financial results. The note claims the loss totals 4,898 million Yen, which translated to roughly £33.3 million/$43 million.
Here’s Square Enix’s statement in full:
„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.
„This decision has resulted in booking of the extraordinary loss amounting to 4,898…