Mar 30

Predicted Losses Cause SEGA to Cancel Titles and Cut Jobs in the West

Category: Uncategorized

After their net income projections were reduced almost 50 per cent from ¥38 billion to ¥18 billion for the year ending March 31, 2012, SEGA announced that they will be cutting jobs and cancelling some games planned for release in North America and Europe.

The company blames the losses on “the challenging economic climate and significant changes in the home video game software market environment in the U.S. and Europe.”

SEGA hasn’t stated how many jobs they plan to cut and which games have been canned. However, they have said that strong IPs that are expected to post solid earnings like Sonic the Hedgehog, Football Manager, Total War and Aliens should be unaffected.

Source: Gamesindustry

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