Sega's forecasts for the fiscal year ending March 31 have been adjusted down -- expected net income is down 47.4% -- and Sega Sammy's board of directors have enacted a drastic plan to reduce operating costs in the future.
Sadly, this plan involves the "streamlining" of Sega's operations in the US and Europe, to "create a smaller company positioned for sustained profitability." There is currently no word on how many jobs are being cut, or where, to create this smaller company.
The plan also includes a narrowing of Sega's lineup, to focus on franchises that the company expects to sell in the US and Europe, including Sonic, Football Manager, Total War, and Aliens. That refocusing means some games have been canceled, though specific titles were not announced.
Sega's "extraordinary loss" (caused in part by costs from this restructuring) will see the company's expected profits drop from 38 billion yen ($462 million) to 20 billion yen ($243 million,) with sales revenue dipping about a half-billion dollars. The cancellation of these projects and this reform is estimated to have a 7.1 billion yen ($86.5 million) price tag.
I'm gonna flip tables if they cancelled their Sega Dreamcast HD titles!
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Sega canceling games, cutting jobs in US and Europe to restructureThanks to Sylar for the signature!
poor SEGA, Their only hope is if another company bought them.
Currently Playing: GTA 5
damn. they were so huge. now the beloved sonic is in a garbage olympics game with mario for $#@!'s sake. my 5 year old self is dying inside
Let's be honest: You sleep with anything that walks on two legs. Sometimes, you're not even that discriminating
What was the last great/very good sega game?I talk to myself because I'm the only one whose answers I accept.
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Thank goodness Sega have left Creative Assembly alone and let them dish out some of the greatest gaming masterpieces to have graced the PC, Total War forever!
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Sega will be back. It seems to me though that they're stuck on Sonic...they need to get new brand image.
$#@! Sega. I hope they fold. It's shenmue or nothing as far as I'm concerned.
04-01-2012 #12Yu Suzuki will need to find someone else.
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