Square Enix CEO Yoichi Wada Resigns Over “Extraordinary” Fiscal Loss

yoichi wada resigns as square ceo

It’s a bad month to be the CEO of a struggling company, it seems. Hot on the heels of John Reccitiello’s resignation as EA’s CEO, Square Enix’s CEO Yoichi Wada has stepped down on account of the “extraordinary” financial loss the company has suffered.

The company is suspected to sustain losses of 10 billion Yen (or $105 million) and as such, Square plans to do a major restructuring of key areas of its corporate layout. Part of the reason that Square is in such trouble is the lower than expected sales of Sleeping Dogs, Hitman: Absolution and Tomb Raider. This is wild considering that both Hitman and Tomb Raider sold more than three million units a piece, but both came in under their forecasted sales targets. Square expected their North American and European sales to hit 14.9 million copies across all three games by now, so they are a good deal under that target.

What do you guys think about this? Is it wild that Square Enix needed to sell 14.9 million copies of these games to stay afloat? What do you think will happen to Square down the line? More Final Fantasy games more often? Will they ditch Western development completely?

Source – Polygon, Square Enix and Eurogamer

Trailer Thursday with Metal Gear Solid 5 and Battlefield 4

GDC is going on this week, and apparently Konami and EA were bursting at the seams to announce their games and couldn’t wait for E3 to roll around. Both Metal Gear Solid 5: The Phantom Pain (a combination of the previously announced Ground Zeroes and, of course, The Phantom Pain) and Battlefield 4 were revealed with accompanying trailers. Metal Gear Solid 5 is just below, with Battlefield 4 after the jump.

Continue reading Trailer Thursday with Metal Gear Solid 5 and Battlefield 4

Battle of the GameCops: 2013 Edition!

game cop

It’s been two years since gaming’s finest detectives took their cases, but now they’re back. This time, their beat includes Grand Theft Auto V’s hype (or lack thereof), Richard Garriott’s comments that “most game developers suck” and Hideo Kojima’s newest antics with the Phantom Pain. Naturally, they tackle these with all the integrity and tenacity that you’ve come to expect from your favorite gaming gumshoes.

Since you haven’t seen them in a couple of years, here’s how this feature works: GameCop is a sensible gamer, looking out for your best interests. LameCop is your average forum troll, causing havoc for the lulz, while PsychoCop should be locked up for everyone’s safety.

Here’s how they feel about these issues: Continue reading Battle of the GameCops: 2013 Edition!

Pixel Count: Gaming Trends?

After the last few weeks, it’s been hard for me not to be a bit of a gaming grump when it comes to trends in the video game industry. Sometimes it’s easy to look at all the ways the hobby’s changing, from DRM to microtransactions to the idea of games as a service instead of games as a product… and just feel a bit let down.

But then some great games come out like Bioshock: Infinite and Tomb Raider, and you start to feel a bit more hopeful. Like maybe some teams are out there still thinking about us and trying to make games we’ll enjoy. So in that vein, I thought today’s Pixel Count would focus on the positive: what gaming trends do you love about the industry right now! Tell us why in the comments!

What trend are you most excited about in gaming?

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The GamerSushi Show, Ep 65: Sushians Assemble!

the gamersushi show john riccitiello leaves ea

After a short break from the cast, we’ve got a whole crew on for this edition of The GamerSushi Show! That’s right, Nick joins us for the entire cast. We were pretty excited when we saw him pop up on Skype.

As for what we talk about during the cast, we have a fairly restrained conversation about SimCity, discuss John Riccitiello leaving EA and what that means for the company, and Jeff breaks down why he thinks Tomb Raider is awesome. Anthony then has an unscheduled rant about Final Fantasy Versus XIII reportedly being turned into Final Fantasy XV for the PlayStation 4. It’s fairly entertaining.

So, you know what to do. Listen to the podcast, rate it up on the iTunes with all the stars you can muster, and be nice to each other. Seriously, find a gamer and give them a hug. We’re an angry group of people that just want to be loved.

0:00 – 2:04 Intro
2:04 – 21:00 SimCity
21:02 – 28:24 John Riccitiello Leaves EA
28:25 – 46:20 Tomb Raider
46:21 – 54:55 Pre-Ordering Games and BioShock Infinite
54:56 Р1:05:24 РFinal Fantasy Versus XIII Goes Next-Gen/Anthony’s Square Rant
1:05:25 – 1:08:38 Outro

John Riccitiello Leaves His Job as EA’s CEO

john riccitiello leaves ea

While the writing might have been on the wall for a while, it still came as a bit of a shock this past Monday when John Riccitiello left his position as EA’s CEO. Citing lower than expected financial targets, Mr. Riccitiello’s turn as EA’s CEO will officially be done on March 30, where he will be replaced by Larry Probst (EA’s former CEO from 1991-2007) for the interim. Riccitiello said this about his departure in a letter to the company:

This is a tough decision, but it all comes down to accountability. The progress EA has made on transitioning to digital games and services is something I’m extremely proud of. However, it currently looks like we will come in at the low end of, or slightly below, the financial guidance we issued in January, and we have fallen short of the internal operating plan we set one year ago. EA’s shareholders and employees expect better and I am accountable for the miss.

As part of his separation agreement, Riccitiello will receive 24 months of payment, which is not a shabby deal, all things considered. Continue reading John Riccitiello Leaves His Job as EA’s CEO

Penny-Arcade Goes Hands-On with Elder Scrolls Online

Elder Scrolls online

Dragonborn Sushians, hark! For Did You See This Wednesday, we’re pointing you to one of many hands-on previews that press outlets scooped this past week with Bethesda’s upcoming MMO of their popular RPG series, The Elder Scrolls.

Penny-Arcade’s preview of The Elder Scrolls Online in particular has some nice, juicy info for any of you that have been hurting for more details about what it’ll be like to run around in the lands we’ve visited in Morrowind, Oblivion and Skyrim. For the most part, the game seems to deliver generic MMO fare, although the combat sounds a bit more interesting than what you’d usually see in a WoW clone. Continue reading Penny-Arcade Goes Hands-On with Elder Scrolls Online