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Square Enix working on a new MMO


It's been a tough year for Square Enix, but the studio isn't down and out just yet. On the contrary, during a recent earning briefing CEO Yoichi Wada mentioned that the company is developing another title to be run alongside Final Fantasy XI and XIV.

While the details are scarce, Wada said that this goes along with the company's strategy to run two to three MMOs at the same time in order to maintain a strong cash flow. According to the report, Square Enix is focused on developing several new IPs in addition to strengthening its current lineup.

Wada said that the new game will be announced by April 2012. This doesn't mean that the studio is abandoning its promise to bring Final Fantasy XIV up to par, a focus that Wada says remains a priority.

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