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Square Enix Cuts Ties With Hitman Developer IO Interactive

Square Enix reported more than just their quarterly earnings report this morning. The company has announced in a Notice of Booking of Extraordinary Loss attached to their quarterly report that they have ended their relationship with IO Interactive, developer of Hitman.

"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.

Square Enix also stated that they are interested in doing what is best for the studio and their intellectual property.

"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."

Square Enix also booked a $43 million extraordinary loss for the fiscal year ending March 31, 2017. Fans of the Hitman series must now wait and see if anyone will come to IO Interactive's rescue. 

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