Square Enix plans to build new studios and IP after selling off Tomb Raider and Deus Ex

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After shedding much of its Western development presence, Square Enix plans to establish new IP and studios as it realigns its business. 

In its latest financial report, Square Enix briefly outlined plans to “strengthen our IP ecosystem” as a “medium-term” business strategy. In particular, it stressed a move to “cultivate robust IP” as well as the “creation of new IP.” 

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This plan would be aided by moves to “boost game development capabilities by establishing new studios, [mergers and acquisitions], etc,” which suggests Square is looking to create and potentially acquire some additional studios. 

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