Sega is downsizing its home video game business in the U.S. and Europe in a restructuring that will result in game cancellations and an unspecified number of layoffs.
Parent company Sega Sammy announced its plans for the “structural reform” in a statement to investors on Friday. The company estimates that it will record an “extraordinary loss” totaling of 7.1 billion yen ($86.4 million) for the financial year ending March 31.
“Due to the challenging economic climate and significant changes within the interactive gaming industry, Sega has made the decision to consolidate its publishing business in order to focus on developing digital content and driving its existing intellectual property such as Sonic the Hedgehog, Total War, Football Manager and the Aliens franchise,” Sega said in a statement, according to VentureBeat….
Read More @ Sega Cancelling Games, Planning Layoffs | News & Opinion | PCMag.com.
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Posted by 3ds | April 20, 2012, 4:51 am