Square Enix, the juggernaut Japanese publisher we all know today, was born exactly 20 years ago on this date. As the name suggests, it was a merger between Square and Enix – two major gaming companies, as our friends. Time extension Hint, were actually rival businesses before they agreed to join hands.
In fact, Japanese companies love a good merger – just like we see here in the West – and at the time, the arrival of Square Enix was a pretty big deal. Suddenly, the companies behind Final Fantasy (Square) and Dragon Quest (Enix) had joined forces to create a veritable powerhouse.
It’s crazy to think about it now, but the merger was on shaky ground for a while. Enix apparently seemed reluctant to seal the deal after Square made a series of questionable business decisions – including spending a fortune on the infamous CG film flop. Final Fantasy: Spirits Within.
But thanks to Square’s success with PS2 titles like the epic Final Fantasy X, Enix eventually stepped up and agreed to a merger. All this was officially announced on November 25, 2002.
Since the historic merger, Square Enix has been a mainstay game publisher – one of the largest in the world. It’s certainly had its ups and downs as a business – both commercially and creatively – but perhaps with big hits like Final Fantasy XVI, many people have would argue that the company is currently enjoying good form. And again, it all started 20 years ago today.
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