Shinra Technologies is Being Dissolved January 5, 2016Posted by Maniac in Game News.
Over a year ago Square Enix announced they were venturing into online game streaming with their new subsidiary, Shinra Technologies. Named after the evil corporation from Final Fantasy VII, Shinra was poised to create entirely unique game titles which would take full advantage of cloud computing.
While online game streaming was a huge deal back when it was first revealed half a decade ago, it has been difficult for companies to monetize successfully. Shinra said their software would allow for enormous persistent game worlds capable of maintaining user interactions for extended periods while being accessed by thousands of simultaneous PCs and smart devices. On paper, it looked pretty impressive to me, but that didn’t seem to be enough to sustain investors.
Today, Square Enix filed that they will be cutting their losses on Shinra, essentially shutting it down. There was no mention of what would happen to the company’s assets, technology or software but it is likely they will either get sold to a potential buyer or absorbed by Square Enix. If you’re interested, you can read the official paperwork here.