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Sega lost 505 million this year.
EliteLamer
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Despite growing sales in its SEGA games division, parent company Sega Sammy Holdings posted huge losses.
The game publishing division suffered a net loss of $505.7 million, following last year's profit of $465 million.
The company blamed high fuel costs for discouraging Japanese citizens to drive to game facilities, the success of expensive consoles that have reduced the appetite for arcades and poor sales of Pachinko game machines.
Responding to the losses, the company will turn out the lights in 110 of its 430 arcade centers, eliminate 400 jobs and outsource more of its videogame work.
Am I the only one hoping they do really well and make Dreamcast II? Not only does their loss make it even more impossible than it already is it also destroys what is left of arcades as you can see by the 110 arcades closing down. Which is something I also miss, arcades. Sega's failure hurts everyone...
Fucking fuel..
SEGA
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They better start putting out some good fucking games.
Where's that damn Chaos Emerald?
Seriously this sucks, but when was the last time Sega made anything that did really well? I guess Mario and Sonic at the Olympics was a big deal as far as sales numbers.
I feel for the Japanese decline of arcades, because we went through that in NA years ago, and it sucks.
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This is the better question. It sounds as though the answer MAY be yes, though it would be helpful if there was a division-by-division breakdown of anticipated revenues.
the company itself seems to say that since people aren't as interested in arcades and Pachinko (whassat?), that's the reason they got the losses.
I liked Viking: Battle for Asgard.....
This sucks so bad.
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Yeah, and that is what cost them 505 million. Must be a hell of a game.
Heads between legs, boys, kiss it goodbye!
What shitty games?
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Half a billion bucks does seem like it's beyond Sega's means.
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Every game made after the Dreamcast died? I could make an entire laundry list of shitty games that Sega has produced. Just a few...
Sonic Adventure 2
Sonic Heroes
Sonic The Hedgehog (360/PS3)
It's cool if you like them, but they're not going to win any awards. Unless the award is "Worst game of the year."
It's not that they actually lost the money, because that implies that they had it to begin with. It's more like, there was a $505 million deficit between what they assumed they'd make, and what they actually made.
I think people saying that the console games industry are joking, because any time that there is an equivalent loss made by a PC dev, there are always doomsayers saying stuff like "PC gaming is dead"
it makes so much sense
lulz megathred
The problem here wasn't that Sega didn't make any great games this year. The problem is that Sammy spent lots of money on Pachinko and Arcade, and who gives a toss about them these days?
So the fact that game sales have set a new record every year for three consecutive years must just be deceptive somehow, yeah?
http://www.npd.com/press/releases/press_080131b.html
Yes. It's all doomed. Abandon hope.
It could happen.
actually, once you leave the huge metropolitan areas, the only way to get to those massive arcades and pachinko halls they have in the surburbs and countryside is drive.
i can easily see how high fuel costs act as a disincentive. remember, gas costs about 2-3 times as much in japan as in the u.s. (right now, i think it's about $1.50 - $2 per liter), which means about $8 per gallon.
Hmm let's see, if every character had a unique voice, if you could enter every building, a good physics system, all of Hong Kong mapped, cameo voice appearences by major Hong Kong stars....one can dream right?
Gameworks WOULD be good if they didn't have the sound off on all the good games. WTF.
Sounds like your Gameworks might benefit from Legoland runoff though, if anything.
It's net profit. They fell short by $505,000,000 dollars that they expected to make.