Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
August 28, 2014
arrowPress Releases
August 28, 2014
PR Newswire
View All





If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Square Enix Nears Takeover Of Taito
Square Enix Nears Takeover Of Taito
September 22, 2005 | By Simon Carless

September 22, 2005 | By Simon Carless
Comments
    Post A Comment
More: Console/PC



According to Japanese reports, console and handheld publisher and developer Square Enix is going ahead with the purchase of Japanese arcade owner, arcade game and karaoke manufacturer, and console publisher/developer Taito.

Square Enix has now purchased a total of 346,689 Taito shares, acquiring a 93.70% stake in the company. This means that Taito will become a subsidiary of Square on September 28, though the company has vowed that it will not change Taito's branding, thus preserving the name of the 1978 creator of Space Invaders.

Taito, which currently makes the majority of its profits outside the console publishing and developing space, though still creates titles such as Puzzle Bobble iterations and the Rakugaki Kingdom franchise, had revenue of ¥84.6 billion ($772.1m) for the year ended March 31st. This compares to ¥73.9 billion ($674.6m) for Square Enix.

Combined sales for the last year would put the company at ¥158.5 billion ($1.45bn) – extremely substantial, but still well behind Japanese game market leaders Sega Sammy at ¥515.7 billion ($4.71bn) and Nintendo at ¥515.3 billion ($4.70bn) - though these figures all include non-game software revenue from sources as diverse as pachinko sales, arcade center ownership, or hardware manufacturing.


Related Jobs

Monochrome LLC
Monochrome LLC — Aptos, California, United States
[08.28.14]

Senior Programmer
Monochrome LLC
Monochrome LLC — Aptos, California, United States
[08.28.14]

Level Designer
Monochrome LLC
Monochrome LLC — Aptos, California, United States
[08.28.14]

Lead Audio Designer
Infinity Ward / Activision
Infinity Ward / Activision — woodland hills, California, United States
[08.28.14]

Build Engineer-Infinity Ward










Comments



none
 
Comment: