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Sega Losing Money, Laying People Off, and Canceling Games |
Listed in: News Tags: Sega, sega cancellations, sega layoffs
Sega announced today that the companies net income last year was about half of what they expected at $243 million. The previous year, for example, they made $506 million around this time.
Sega hasn't announced what games will be canceled. All their statement said was "We are cancelling the development of some game software titles." You'd think that Sega's practice of updating old games to HD would survive, but we'll see.
They also haven't announced yet when and where the cutbacks will come except to say that they will be in the West. The statement reads, "It is essential to streamline organizations in the field of home video game software in the US and European markets, while shifting to a structure that corresponds to change in environment, including strengthening development in the field of digital content."
Is this pulling back the death knell of Sega?
[Via Develop]
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So basically the same old news with them.
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Even the original stuff (Bayonetta and Vanquish), was written by someone else, and Sega never cashed in on any follow-ups. No pull-through = no profit.
Binary Domain is a step in the right direction, but it's all come too late. Gears/MW/Halo took the top spots ages ago.
Az99
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You right SEGA isn't what it used to be but just like anyone else you need good spirits and high hopes in life, and hopefully if they were to merge im sure there would endless possibilities for them along with a new beginning. after so long thats something i would've done if i owned sega
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Thanks a lot Sammy!
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