Eidos warns on profits again as ShellShock moves to September
British publisher Eidos has warned that it now expects to post either a break even or a small loss for the full year to June 30th, after the company decided to move its final major title of the financial year back to September.
British publisher Eidos has warned that it now expects to post either a break even or a small loss for the full year to June 30th, after the company decided to move its final major title of the financial year back to September.
ShellShock: Nam '67 will now not be released until autumn, despite the company's claims that it is finished and has been approved for launch on PS2, with Xbox approval expected shortly.
According to Eidos, the decision to move the title out of the current financial year was taken in order to avoid the slow summer months, which it expects to be a particularly bad time due to the "recent and unexpected softness in the games markets" - which it previously blamed for the lower than expected unit sales of Hitman: Contracts.
Eidos saw its stock price plummet in the wake of the profits warning it issued with regards to the Hitman: Contracts difficulties and a formal announcement that it had received no approaches with regards to a takeover.
The company has also announced today that in view of a percieved need to invest more heavily in research and development ahead of the next hardware cycle, it has initiated a full review of the strategic alternatives available to it in order to exploit it's library of IP and development resources. This review is expected to take place ahead of the release of the publisher's results for the full financial year.