News
Sega Restructures Consumer Division, Projects 7-Billion-Yen Loss
posted on by Jennifer Sherman
Some games to be cancelled; Sammy cites economy, Western game market
86 million) loss for the current fiscal year, and has made the decision to cut its losses.
The reform measures will consist of streamlining Sega's consumer organizations in the United States and Europe, reducing the number of titles by canceling the development of some games, booking impairment losses, and processing inventory. Sega Sammy Holdings Incorporated expects operating expenses for the consumer division to decrease with the reform.
In 2005, Sega Sammy Holdings Incorporated TMS Entertainment's voting shares and made the anime producer a consolidated subsidiary. TMS Entertainment is not listed as part of the restructuring.
[Via andriasang]
discuss this in the forum (9 posts) |
bookmark/share with:
