Sega in trouble: JPY7.1 billion loss expected, many games to be cancelled

Bad news for Sega fans: Sega Sammy announced yesterday via a press release that it expects Sega’s operating losses for the previous fiscal year to be about JPY7.1 billion (US$85.7 million). The challenging market and the changing video game market in the US and Europe are given as reasons for this loss. Read more »