Square Enix Reportedly Lost $200 Million on Avengers and Guardians of the Galaxy

There’s a lot to unpack in the recent announcement that the Embracer Group is acquiring Square Enix’s North American studios and IPs, especially given the involvement of studios like Crystal Dynamics and Eidos Montreals and the IPs that are traditionally attached to them, from Tomb Raider to Deus Ex. One thing in particular that has caught the attention of many, however, is the fact that the whole deal costs $300 million, which, given the magnitude of the deal and the names attached, seems shockingly low.