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Squaresoft quits movie industry

  Squaresoft has announced that after its very poor showing at the box office for Final Fantasy: The Spirits Within, it will be pulling out the movie industry, as it will now result in a net operating loss for the company. Expected for an $80-90 million range of profits, the film saw a disappointing $30 million. With Squaresoft already reporting about a $6 million profit for the current year compared to its previous negative year, the company will now see about $115 million contributed to make up for their production costs.

10/2/2001 Matt Stensrud

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