SEGA Get’s Hit By The Credit Crunch

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SEGA announced today that it will be cancelling a variety of unnamed titles and streamlining it’s operation. This comes after news that SEGA has told investors to expect poor earning and profits as the company admits it has has underperformed in 2011/12.

SEGA said to Edge, “due to the challenging economic climate and significant changes in the home videogame software market environment in the US and Europe.”

They continued by saying, “essential to streamline organisations in the field of home videogame software in the US and European markets while shifting to a structure that corresponds to [this] change in environment, including strengthening development in the field of digital content.”

SEGA has come out and said that it’s main focus will be on Total War, Sonic, Football Manager and Aliens titles. They said that they are happy to continue producing games for these select few long-running video game series.

Sadly with less games and a loss of jobs SEGA finished off by saying that they will become “a smaller company positioned for sustained profitability.”

Lee Matthews

Lee Matthews

Lee is an avid gamer, photographer, film buff and sports fan. A scaly brat since birth it only seemed right for him to join Her Majesties Armed Forces of which he has been a proud member ever since. Despite a long absence from gaming, during which he spent many a night reminiscing about the glory days on Halo 2, Matty is now back online smashing his way through Black Ops and soon enough Gears of War 3 and Battlefield 3.

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