Updated Mar 23, 2026 by PCF Group
PCF Group S.A. received no royalty payments from Square Enix Limited for the game 'Outriders' for the period of 1 April 2021 through 30 June 2021.
The contractual deadline for royalty payments for the second quarter of 2021 expired on 14 August 2021 without any funds being transferred to PCF Group.
PCF Group concluded that Square Enix has no current obligation to pay royalties, as the publisher has not yet recovered the specified production, distribution, and promotion costs required by the 16 February 2016 agreement.
As of 16 August 2021, PCF Group has not received any sales figures, revenue data, or cost information from Square Enix regarding the performance of 'Outriders'.
The lack of royalty payments and financial transparency prompted PCF Group to issue a formal notification under Article 17(1) of the MAR regulation.
PCF Group S.A. received no royalty payments from Square Enix Limited for the game 'Outriders' for the period of 1 April 2021 through 30 June 2021.
The contractual deadline for royalty payments for the second quarter of 2021 expired on 14 August 2021 without any funds being transferred to PCF Group.
PCF Group concluded that Square Enix has no current obligation to pay royalties, as the publisher has not yet recovered the specified production, distribution, and promotion costs required by the 16 February 2016 agreement.
As of 16 August 2021, PCF Group has not received any sales figures, revenue data, or cost information from Square Enix regarding the performance of 'Outriders'.
The lack of royalty payments and financial transparency prompted PCF Group to issue a formal notification under Article 17(1) of the MAR regulation.