It was rumored earlier today that Sega would be closing down its Sega Racing Studio. However, Sega has confirmed with Next Generation that the bad news is indeed true.
“Regrettably Sega today announced that it is to commence consultation regarding the unfortunate closure of the Sega Racing Studio in Birmingham, UK.
“The decision is part of a […]
It looks like Sega Sammy’s financial fallout isn’t through yet as the company announced the dissolution of Sega Korea today. According to financial documents, the reason is for “global business optimization,” and Sega Sammy claims the move will “have no significant impact on the company’s consolidated operating results.”
What’s more is that Sega Sammy also announced […]
Stock market opinion and analyst site Seeking Alpha posed an interesting question - Could Sega be the target of a takeover? It’s no secret Sega Sammy has hit on hard times over the past few months. Both Sammy’s pachinko and even Sega’s software division haven’t met company expectations and have even made it hard on […]
It doesn’t matter how successful Sega is in the software division, they have Sammy to hold them down. However, the joint company expects to lose about $26 billion yen ($242 million dollars) because of slow pachinko machine sales.
Apparently, the pachinko machine industry has been dented by the Wii console. Due to this, Sega had to […]
In the wake of Activision and Blizzard teaming up to create the biggest publisher in the industry, it appears that Sega is looking to get in on the action. In an interview with MCV, Sega Europe President Mike Hayes said it could be looking to make some new acquisitions
“The growth challenge is never over,” he […]
Well the bad news is that the latest fiscal report confirms Sega Sammy is expecting to post a net loss of 21.5 billion yen for the fiscal first half to September, wider than its previous estimate of a loss of 5.0 billion yen, A bigger loss than the company expected thanks to sluggish sales during […]
Right about now you might be wondering “what the hell is Secret Level?” Well, it’s a smallish Sega-owned developer that’s responsible for the new Iron Man and Golden Axe titles now in development.
And who, then, is responsible for Secret Level? Why, newly named vice president Darrin Stubbington of course! 1up.com reports that newcomer Stubbington […]
Sega Sammy Holdings Inc has announced its first quarter financial report, and all is not so fine and dandy for the company as they slip into the red.
The company has shown a net loss of 5.08 billion yen ($42.87 million US) during the three months to June, in contrast to the previous year’s profit of […]
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Written by Chris Powell [email], Graham Cookson [email], and Nathan Tsui [email] for b5media.
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