Sega disolves Korean subsidiary, nixing $330m Yokohama arcade complex

March 31st, 2008 by

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Aside from planning to axe 400 jobs as part of Sega Sammy’s most recent “turnaround efforts,” the outfit will also be closing the doors to its Korean subsidiary. Currently, Sega Korea is “handling the domestic distribution and sales of video game software, as well as the operation / sales of amusement facilities and machines,” and reportedly, the closure will be executed in the name of “global business optimization.” As it stands, there’s no set date for the branch’s dissolution, but just in case your smile wasn’t turned upside-down already, the company also stated that it would discontinue the development of a ginormous $330m arcade complex slated for construction in Yokohama, Japan — if you couldn’t guess, that one’s being shuttered so the firm can “focus its efforts on its core business to improve its performance” in short order. Seriously though, what the hell kind of company would spend $330m on arcade, anyway?

[Via Joystiq, image courtesy of USMC]

 

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Posted in japan, business, industry, arcade, korea, south korea, SouthKorea, sega, closing, shutdown, sega sammy, SegaSammy, shut down | No Comments »

Sega dissolves Korean subsidiary, nixing $330m Yokohama arcade complex

March 31st, 2008 by

Filed under:

Aside from planning to axe 400 jobs as part of Sega Sammy’s most recent “turnaround efforts,” the outfit will also be closing the doors to its Korean subsidiary. Currently, Sega Korea is “handling the domestic distribution and sales of video game software, as well as the operation / sales of amusement facilities and machines,” and reportedly, the closure will be executed in the name of “global business optimization.” As it stands, there’s no set date for the branch’s dissolution, but just in case your smile wasn’t turned upside-down already, the company also stated that it would discontinue the development of a ginormous $330m arcade complex slated for construction in Yokohama, Japan — if you couldn’t guess, that one’s being shuttered so the firm can “focus its efforts on its core business to improve its performance” in short order. Seriously though, what the hell kind of company would spend $330m on arcade, anyway?

[Via Joystiq, image courtesy of USMC]

 

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Posted in japan, business, industry, arcade, korea, south korea, SouthKorea, sega, closing, shutdown, sega sammy, SegaSammy, shut down | No Comments »

Namco blames Wii for arcade closures in Japan

February 8th, 2008 by

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digg_url = ‘http://digg.com/nintendo/Namco_blames_Wii_for_arcade_closures_in_Japan’; Namco Bandai is shuttering between 50 and 60 arcades in Japan, and it’s laying the blame squarely on Nintendo’s shoulders. “A lot of the types of games that people played at an arcade can now be done at home,” said company spokesman Yuji Machida. Namco figures that Japanese kids are saving up their pocket money to buy the latest and greatest Wii game or accessory, which is clearly unacceptable. Sega Sammy also has plans to close about 100 of its arcades, but there’s no word of finger pointing from that camp. While we’re certain the Wii’s popularity has a little something to do with it, perhaps Japanese gamers are just beginning to learn something their American counterparts got down years ago: why leave the couch? Ever?

[Via Joystiq]

 

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Posted in Nintendo, Wii, japan, arcades, namco bandai, NamcoBandai, sega sammy, SegaSammy | No Comments »

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