Square CEO Yoichi Wada went on record today to discuss the company's plans to adjust financial projections for the year. While Square initially anticipated a net profit of 800 million yen ($6 million) for the year, Wada-san said Square now expects losses due to their feature film 'Final Fantasy: Spirits Within.' While exact figures weren't disclosed, Wada-san revealed that Square anticipated box office earnings from the film to exceed $80 million in America. Unfortunately for Square, actual earnings leveled off at about $30million. Moreover, he revealed that the film wasn't as well received in Asia as expected. Perhaps most disappointing, Wada-san reaffirmed that Square has no plans to produce any more films. Rather, the technology acquired for the development of 'Final Fantasy: Spirits Within' would be contracted for use on other Hollywood films.
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