Sega Sammy Holdings, the parent company for publisher Sega, has revised its financial estimates for its financial first half of the year, with net losses expected to widen from JPY 5 billion to JPY 21.5 billion.
Sega corporate director Masanao Maeda has stated that he expects Mario and Sonic at the Olympics to sell 4 million copies when it goes on sale in November.
Sony Computer Entertainment America has announced that Scott A. Steinberg, former vice president of Sega of America, has joined SCEA in the newly-created role of vice president of product marketing
<i>GamesIndustry.biz</i> has learned that the Xbox 360 version of Virtua Fighter 5 may not be released in Japan due to the console's low installed base.
SEGA and Gas Powered Games have revealed Space Siege, an original RPG for the PC, as the result of their <a type="int" href="http://www.gamesindustry.biz/content_page.php?aid=24907">previously announced</a> collaboration.
Speaking to Reuters, a Sega Sammy executive said that Sony needs to substantially cut the price of the PS3 by the end of the year to stimulate low demand.
Scott Steinberg, vice president of marketing for SEGA US, has said he is "concerned" about the future of the Wii - suggesting that PS3 is more likely to be the market leader in this console cycle.
Sega Sammy has announced a 23 per cent drop in profits during the first nine months of the financial year, despite a steady performance by its videogame business.
Sega Sammy Holdings has reported a 52 per cent increase in profits for the six months from April through to September 2006, compared to the same period last year.
Sega of America has unveiled the first batch of titles it plans to release for the Wii's Virtual Console, which will be priced at 800 Wii points per game.