Sega loses $96 million, unannounced games cancelled, people fired

[A Black Falcon]

Yeah... not good. They've said that they're going to focus on major franchises only for the Western markets -- Sonic, Total War, etc -- so yeah, not much hope for other stuff from Sega for a while, apparently. :( And also, a bunch of people at Sega of America were fired, and presumably some at other Sega branches as well, to go along with the cancelled games. Ouch.

http://www.neogaf.com/forum/showthread.php?t=468515

As for cancelled announced games, they haven't mentioned any yet, but if Sega has anything announced that's not a major-name title, I'd be worried about it.

... Is anyone NOT losing money these days in the videogame industry? It's getting kind of ridiculous...

[Great Rumbler]

... Is anyone NOT losing money these days in the videogame industry?

Activision.

[A Black Falcon]

Good point, they are indeed still making money. CoD and WoW, both in one company...

[Weltall]

I thought flushing obscene amounts of cash money down the toilet has always been the cornerstone of Sega's corporate mission statement.

They figure that if everybody can't create profit, their company won't either. It's called Segalitarianism.

[Dark Jaguar]

They just need to install new Blast Profiting.