The innovative studio that brought the synthespians of FINAL FANTASY to life, is planning to close up shop. Pressure from parent company Square Co., Ltd. of Tokyo is forcing Honolulu-based Square USA into closure, if they cannot find investors between now and March 31, 2002. Square Co. ceased funding of the studio in September, and although Square USA attempted to find partners in major U.S. studios, they have not been able to procure outside funding. Although the studio hopes an investor will appear in the 11th hour, a March 31st shut down seems inevitable.
Tagged With: Square
As reported on October 4, 2001 by THE HOLLYWOOD REPORTER, Square Company Ltd., warning of losses of up to 13.9 billion yen (USD $115M) for the year's first half from weaker-than-expected revenues from its feature film FINAL FANTASY: THE SPIRITS WITHIN, had ceased funding of their Honolulu-based studio Square Pictures. Allowed to continue operations, Square Pictures has indicated that they will continue to develop CGI projects with funding from other studios, and plans to possibly develop a FINAL FANTASY sequel or prequel.
Final Fantasy brings synthespians to the big screen with amazing results. John Edgar Park goes behind the final product to discover the staggering amount of skill, time and technical savvy that created this first.