Lost in an Odyssey
Sega isn't really doing anything for me lately so this news isn't much of a shocker but hopefully they'll give us some cool games after things get better(if they do).
Dippity-Do!
Whatever. Hopefully Sammy just divides the Sega properties among their own development studios and disassembles Sega altoghther. They do nothing but lose money, and I can't imagine Sammy not knowing this. It'll be for the best if Sega just goes away.
Originally Posted by Drewbacca
I'm a homosexual.
Analyzing Data 100%
Sega is the biggest third party in Japan. This is news that I have waited for for quite some timeSega and Sammy form Japan's top game software firm, bigger than Konami
TOKYO (AP) - Sega Corp., the video-game maker famous for Sonic the Hedgehog, and pinball-equipment maker Sammy Corp. said Tuesday they will integrate their operations under a new holding company that will become Japan's biggest video game software company.
Sega and Tokyo-based Sammy will form the new company by Oct. 1. It will be 72 per cent controlled by Sammy shareholders, the companies announced.
Their combined group annual sales are about 440 billion yen ($3.89 billion US) will exceed those of the current largest Japanese game software firm, Konami Corp.
"By integrating our operations, we will strive to become the world's number one entertainment company at an earliest time," said Sammy president Hajime Satomi, who will head the new company.
Shares of Sammy will be exchanged one-for-one for shares in the new company. Sega shareholders will receive 0.28 share for each Sega share. The companies will reorganize their operations by March 2007.
The announcement came as Sega announced its profit tripled for the fiscal year ended March 31 as arcade-game sales and cost cutting boosted earnings.
The Tokyo-based company reported group net profit of 8.76 billion yen ($77 million), up from 3.05 billion yen a year earlier. Sales inched down three pe rcent to 191.3 billion yen ($1.7 billion) from 197 billion yen as overseas sales slipped 19 per cent.
Sega's sports games did not do well in the United States, a strategically important market, amid tough competition from rivals such as Electronic Arts, it said.
For the fiscal year ending March 31, 2005, Sega is predicting an 8.7 per cent decline in profit to eight billion yen ($70 million) on a 6.7 per cent rise in sales to 204 billion yen ($1.8 billion).Now if my extremely biased and irrational thoughts about them having scapped this gen and moved on to to blow us away in the next turn out to be true, I will truly fill my pants with hot manly liquids.
Too Cool for Top 10 Lists
LOL. Good for Sega, they've made some classics this gen, and I look forward to seeing their stuff next gen.
matthewgood fan
lupin III fan
or bust.
Yep. Good thing you didn't say it was Shenmue II
Whatever happened to that heavily JSR-esque arcade skateboarding game they were showing a few months back?As for JSR, Sega released an official statement saying the seires was dead and buried. You'd sooner see a Beatles reunion tour than another game in that series.
OMFG is right, btw - Outrun 2 is receiving way more accolades than it deserves. The game's just not that good. If it were called Official Licensed Racefest 2004 or something instead pretty much everyone here would ignore it.
As for Otogi 2, the first one was pretty much the shallowest beat 'em up I've played since 1992. The second one will haver to be a big step up before it can really be considered big news, imo.
-Kyo
Ambassador of Kickyourassitor
What?
I am a Wiinner
What don't you understand about cheifamn startegy?
Analyzing Data 100%
lamentations of their women
But it has style! And that's way more important than silly things like "gameplay."
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