SEGA Closing European and Australian Offices
Sega closing studios as part of a restructuring plan.
Sega has not had the best couple of years financially and to help rectify their money problems, they announced today that they would be closing multiple studios in Europe and Australia. The offices in France, Spain, Benelux, Germany, and Australia are being closed as part of a restructuring plan that is taking place within Sega to right the ship financially. Koch Media will now handle all of Sega's distribution in Germany, Switzerland, Austria, France, and Spain. While Benelux distribution will be handled by Level03 Distribution; Australia will have their distribution serviced by 5 Star Games. The Sega London studio will remain open to oversee operations in the region. Sega Europe COO Jurgen Post made this statement:SEGA is entering a new and exciting phase that will position the company as a content led organisation maximising sales with strong and balanced IP such as Sonic the Hedgehog, Total War, Football Manager and the Aliens franchise. The company will benefit from a clear focus and realigned strategy for our digital business and packaged goods and we are confident that this will lead to a successful future.Sega has not announced how many jobs were lost in today's office closings. Sega has been going through this restructuring plan for the past few months to recover from the $86 million lost revenue posted from last year. Hopefully Sega can get back to financial stability because it would be a big blow to the industry to have one of the most recognizable brand names crash and burn financially.