• Hey, guest user. Hope you're enjoying NeoGAF! Have you considered registering for an account? Come join us and add your take to the daily discourse.

Shinra Technologies (Square Enix cloud-based company) has been dissolved

M

manipulate

Member
duckroll said:
Hey man that's not true. They have tons of experience with the amazing online platform known as PlayOnline. Most people like to talk about Crystal Tools or Luminous, but the truth is, the crazy chase for their own branded little thing started from Sakaguchi's era. I still remember that conference where they announced FFIX, X, XI or something at the same time, and was pushing how PlayOnline would be this amazing online portal which all their games from PS2 onwards would connect to, and they showed off early FFX concept ideas of how it would use PlayOnline in the menus.

..........

........................

Lol.
Click to expand...

I remember that. I was like 12 and on the IGN forums.
 
M

Mr. Tibbs

Member
Gamasutra has a statement from a Square-Enix rep:

Square Enix Group today announced that Shinra Technologies, Inc. has discontinued its business and is currently under a liquidation process.

Shinra Technologies was established with the aim to build a cloud-gaming platform with supercomputer-class capabilities. To retain its neutrality and independence as a platform, Shinra Technologies was formed independently from other content-creating Square Enix entities, and set a goal to raise additional funds for further business operations from third party investors. However, Shinra Technologies has not been able to find prospective investors, and have taken the difficult decision to discontinue its business.

Square Enix Group will keep its confidence in cloud-gaming, and we will continue to develop our business using cloud technologies to deliver the new gaming-experiences to the world.

This is an unfortunate situation and we are offering all the assistance possible to any employees affected by this. We want to thank them for their hard work and sincerely wish them well in the future.
Click to expand...
 
G

Gentleman Jack

Member
Didn't Square Enix produce and shoot a lengthy PV showing days in the lives of PlayOnline enthusiasts, showing how important being able to send email from their PS2 was to their social lives?
 
T

thetrin

Hail, peons, for I have come as ambassador from the great and bountiful Blueberry Butt Explosion
Have quite a few friends at Shinra that lost their jobs today. This is really sad. :(

Hope they land on their feet.
 
D

DiipuSurotu

Banned
It's all due to the fal'Cies... Poor Wada will never manage to complete his Focus...

8UcjgGT.jpg
 
Haunted

Haunted

Member
Seems like they got blown up by an avalanche of negative feedback that really drove a wedge in their bigg cloud business plans.
 
R

rayman1900

Member
Why locking this thread ?

anyway, reported by gameinformer, the compagny would suffer huge loss:

In a press release (translated by Gematsu), Square Enix said the young company's closure is due to a lack of third-party investors. As a result, the company will report an “extraordinary loss” of approximately ¥2 billion (~$16,800,000) for the end of its fiscal year in March.
Click to expand...

http://www.gameinformer.com/b/news/archive/2016/01/05/report-square-enix-closing-cloud-gaming-company-shinra-technologies.aspx
 
R

Relaxed Muscle

Member
duckroll said:
Hey man that's not true. They have tons of experience with the amazing online platform known as PlayOnline. Most people like to talk about Crystal Tools or Luminous, but the truth is, the crazy chase for their own branded little thing started from Sakaguchi's era. I still remember that conference where they announced FFIX, X, XI or something at the same time, and was pushing how PlayOnline would be this amazing online portal which all their games from PS2 onwards would connect to, and they showed off early FFX concept ideas of how it would use PlayOnline in the menus.

..........

........................

Lol.
Click to expand...

Hey, at least it gave us this epic song
 
You must log in or register to reply here.

Similar threads

Square Enix expects loss of $140 million from cancelled video game title(s)
News Business 2 3
123
7K
ArtHands replied
  • Locked
Square Enix president says they will be ‘aggressive in applying’ AI in its develop.& publishing efforts.
Game Dev
2
444
MidGenRefresh replied
Square Enix president to be replaced in June
News 2
92
5K
reksveks replied
Final Fantasy XVI Sales "In Line With Expectations;" Square Enix Wants to Upgrade IPs to AAA Status
Sales-Age
41
2K
Astral Dog replied
Square Enix president Takashi Kiryu says the company will be “aggressive in applying” AI in its development and publishing efforts in the future
Business Game Dev 2
73
5K
samoilaaa replied
Top Bottom