News: Square and Nintendo Together Again!

Well, you could read Yahoo's release below... But I will sum it all up for you!

SQUARE ARE DEVELOPING FOR NINTENDO AGAIN!!! Yeah! Nintendo announced that Square have joined GameCube's ever expanding developer's list. They will also be making games for the GBA!

So what are they working on? Final Fantasy of course! A Nintendo spokewoman has announced that a Final Fantasy game will be released on both GBA and GameCube by the end of the year. It is expected that the two games will take advantage of the Link-up capabilities.

Most interesting of all though, is that fact that the development will be supported by "Fund Q", which is a fund developed back in January by Hiroshi Yamauchi! In short, the Nintendo Final Fantasy games will be directly funded by Nintendo! It doesnt get much better than this...

Read the release below for more details.

LOS ANGELES (Reuters) - Japan's Square Co. Ltd. , after a six-year absence, will return the legendary "Final Fantasy" video game series to Nintendo Co. Ltd.'s consoles, Nintendo said on Friday.

Confirming earlier reports in Japan, a Nintendo of America spokeswoman told Reuters that Square will set up a subsidiary to develop new versions of the series for Nintendo's GameCube console and Game Boy Advance handheld unit.

The development will be backed by Fund Q, a video game development fund started in January by Hiroshi Yamauchi, the long-time president of Nintendo.

Nintendo expects "Final Fantasy" titles for its consoles to be released by the end of the year, the spokeswoman said.

Jeetil Patel, an analyst at Deutsche Banc Alex. Brown who follows the game industry, said having "Final Fantasy" would probably help GameCube sales more in Japan than in the United States. "At the margin it probably helps modestly," he said.

"Final Fantasy X," released last year for Sony Corp's PlayStation 2, was one of the 20 best-selling video games in the United States in 2001, according to NPDFunworld, even though it was released in early December.

Even before "Final Fantasy X," the Final Fantasy series had sold 30 million copies worldwide since its inception.

Square had long developed "Final Fantasy" titles for Nintendo, going back to Nintendo's original Super Famicom and NES in the early 1980s, but in 1996 Square abandoned Nintendo to develop games for Sony's PlayStation platform.

At that time, some Japanese analysts said the defection of Square and other local publishers was a primary factor in PlayStation surpassing Nintendo's N64 console, which was more advanced than the PlayStation but also harder to develop for.

"Final Fantasy XI," the next title in the series, is expected to take advantage of the online multi-player features of the PS2 Sony unveiled on Thursday, and the Nintendo deal is not expected to stop further PS2 production.

A spokeswoman for Electronic Arts Inc. , which co-published the game in the United States with Square under a joint venture, was not immediately available for comment on the Nintendo deal.

Sony in October invested $116 million in Square, making it the company's second-largest shareholder. The infusion came after Square posted its worst-ever loss, caused by the production of a movie version of "Final Fantasy" that was a major commercial flop.

Nintendo's $199 GameCube was launched in the U.S. in November of last year. It competes with both the $299 PS2, which debuted in November 2000, and Microsoft Corp.'s Xbox, which was released three days before GameCube.

The $79 Game Boy Advance, a handheld system with as much power under the hood as Nintendo's early 1990s SNES console, dominates the handheld market globally, with almost no competition.


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