Both Kotaku and IGN have released stories about the shareholders meeting over at Square Enix. And the reasoning they provide as to why they haven’t created a remake actually makes perfect sense: They have yet to make a Final Fantasy better than VII financially and critically anyway. Although in all fairness, the most financially successful Final Fantasy was the first MMORPG, XI.
I had to add financially and critically. There’s always that guy who is quick to say, “FF7 was not my favorite,” as though their opinion obviously meant all the difference in the world.
So the gist of what we’re told is that if they do a FF7 remake before topping the game, then the Final Fantasy series is finished. That would be admitting that they cannot do any better than their crown jewel of the past. So until Square Enix is in a dire financial situation or they finally do come out with a title that tops FF7, it’s not going to happen.
I, however, have a slightly different theory as to why Square Enix doesn’t want to do it. Pride.
Hironobu Sakaguchi left the company Squaresoft in 2004, after the colossal bomb that was Final Fantasy: The Spirit Within. Although he did not direct a game since FFV, his creative touches were felt in the well remembered VI and VII (and several others). To not make a game better than those Sakaguchi helped to create is to admit that they will never be as successful as they once were.
And that’s not a message of weakness Square Enix would want to send.