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Posts Tagged ‘losses’

Cutbacks at SEGA Europe and US

Friday, March 30th, 2012

SEGA is to cancel certain titles and cut jobs in an attempt to “streamline” its’ focus.

SEGA have reported a significant loss for the financial year ending 31st of March 2012 and will go under a “structural reform” effective immediately. Reasons for the loss are said to be “challenging economic climate and significant changes in the home video game software market”.

The games that SEGA have cancelled have not been named at this time but the Sonic, Alien, Total War and Football Manager franchises are uneffected.

[Source: Eurogamer]

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