Sega and Nintendo to form Joint Company?
[ THIS ARTICLE WAS ORIGINALLY POSTED BY JOHN PHILLIPS BENGERO ON OCTOBER 28th 2000 ]
You don't believe us? Neither do we. But recently, Sega announced their losses and plans to form a company with Nintendo. According to the Online version of Japan's Asahi newspaper, Sega and Nintendo are teaming up to form a joint company.
The story at Asahi first describes Sega's recently announced losses, stating that Sega revealed to investors in September that its results for the half-year ending September 30th would be less than expected. And that's what happened, with the company announcing a loss of 29.2 billion yen today, down from an expected profit of 600 million yen. Poor Dreamcast performance was stated as the cause for the loss. Now, for the full year period ending March 2001, the company expects a loss of 22.1 billion yen, down from an expected profit of 1.5 billion yen. This will be the fourth yearly loss in a row for the company.
This is where the story becomes a bit odd.
Sega has stated that it's not basing its future exclusively on Dreamcast -- even though it is planning to continue to support the console. As expected, the company is looking to reinforce the network gaming side of its business. In order to achieve this latter goal, Asahi states that Sega will be forming joint companies with, respectively, Nintendo and famed Japanese music producer Tetsuya Komuro.
If you're not familiar with Komuro's work, then you probably aren't familiar with Japanese music at all. Komuro has helped to develop such names as Namie Amuro, Ami Suzuki, and Globe, and has had his music featured in US film flop Speed 2.
We're not sure what to make of this peculiar announcement. Unfortunately, the Japanese source gives no further details on what these joint ventures will amount to, and how Komuro plays a role in things. The Tetsuyo Komuro thing is real cool if you're a fan of his work (and really - he's quite the musical genius), but perhaps of more relevance to game fans is being able to see Sega and Nintendo mentioned in the same sentence alongside the words "Jointly owned company."
We'll have more on this story soon.
[ THIS ARTICLE WAS ORIGINALLY POSTED BY JOHN PHILLIPS BENGERO ON OCTOBER 28th 2000 ]
You don't believe us? Neither do we. But recently, Sega announced their losses and plans to form a company with Nintendo. According to the Online version of Japan's Asahi newspaper, Sega and Nintendo are teaming up to form a joint company.
The story at Asahi first describes Sega's recently announced losses, stating that Sega revealed to investors in September that its results for the half-year ending September 30th would be less than expected. And that's what happened, with the company announcing a loss of 29.2 billion yen today, down from an expected profit of 600 million yen. Poor Dreamcast performance was stated as the cause for the loss. Now, for the full year period ending March 2001, the company expects a loss of 22.1 billion yen, down from an expected profit of 1.5 billion yen. This will be the fourth yearly loss in a row for the company.
This is where the story becomes a bit odd.
Sega has stated that it's not basing its future exclusively on Dreamcast -- even though it is planning to continue to support the console. As expected, the company is looking to reinforce the network gaming side of its business. In order to achieve this latter goal, Asahi states that Sega will be forming joint companies with, respectively, Nintendo and famed Japanese music producer Tetsuya Komuro.
If you're not familiar with Komuro's work, then you probably aren't familiar with Japanese music at all. Komuro has helped to develop such names as Namie Amuro, Ami Suzuki, and Globe, and has had his music featured in US film flop Speed 2.
We're not sure what to make of this peculiar announcement. Unfortunately, the Japanese source gives no further details on what these joint ventures will amount to, and how Komuro plays a role in things. The Tetsuyo Komuro thing is real cool if you're a fan of his work (and really - he's quite the musical genius), but perhaps of more relevance to game fans is being able to see Sega and Nintendo mentioned in the same sentence alongside the words "Jointly owned company."
We'll have more on this story soon.
[ THIS ARTICLE WAS ORIGINALLY POSTED BY JOHN PHILLIPS BENGERO ON OCTOBER 28th 2000 ]
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