It was announced today by SegaSammy Holdings, SEGA’s parent company, that due to more than an expected seven billion yen in losses for the year as at March 2012, there is to be restructuring within the organisation as well the cancellation of future SEGA developments in progress.
SEGA will streamline a better business organisation in the US and Europe to create a smaller company positioned for sustained profitability. Having conducted detailed reviews of earnings projections for titles targeted toward the US and European markets, SEGA decided to narrow down sales titles to strong IPs, such as “Sonic the Hedgehog,”, “Football Manager”, “Total War” and “Aliens” which are expected to continue posting solid earnings.
In line with the new business operations, the cancellation of other titles will get the go ahead – but the complete list of cancelled games has not yet been made available at this time. SEGA’s future plans following a restructure include strengthening the development of digital download titles for the coming years ahead.
Once we have a list of cancelled games – we’ll keep you posted.