NEWS - Tuesday, June 1, 2004


Sammy Unveils New Logo

TOKYO--On its official site today, Sammy unveiled the logo of its soon-to-be corporate parent, Sega Sammy Holdings. As reported earlier last month, Sega and Sammy will merge operations in October by becoming subsidiaries of Sega Sammy Holdings. Once merged, Sega and Sammy's combined annual income for the fiscal year 2005 is expected to be at 501 billion yen ($4.4 billion), making it one of the biggest game companies in Japan. Sega Sammy Holdings will start off with a capital fund of 10 billion yen ($91 million) and 50 employees. Board members in Sega Sammy Holdings will consist of Sammy and Sega chairman Hajime Satomi as the president and chairman, Sega president Hisao Oguchi as vice chairman, and two Sammy directors as executive directors. Two directors from Sega and one more from Sammy will also be given position as non-executive members of the board. Major changes will also occur inside Sega's boardroom. Four of the company’s board members--everyone except Satomi, Oguchi, and Sammy executive Yoshiharu Suzuki--will step down in October. Other, as-yet-unidentified Sega executives will take over three of the seats, while vice-chairman Hideki Sato’s seat will remain unfilled. "Unfortunately, Sega has been in the red for nearly 10 years. It would tighten things up if the [board] members that had directing position and representative rights took responsibility [for Sega's downturn]," commented Satomi during Sammy's fiscal announcements last month. "Oguchi is still young, so he should be able to do more things with new board members." Prior to becoming a subsidiary of Sega Sammy Holdings, Sega will also be merge its seven subsidiaries--Sega Wow, Sega AM2, Hitmaker, Team Sonic, Smilebit, Amusement Vision, and Digitalrex--into a single entity. "I feel that Sega has high individual capabilities, but it's too separated into different subsidiaries", commented Satomi on the re-merger of Sega’s subsidiaries. "Sega wasn't able to create an overall corporate strategy or [a sense of] uniformity because of that, which is a major reason behind the company's stagnation. Oguchi himself has been feeling the same way. It's about time that we returned back to the old [structure of] Sega." When the Sega-Sammy deal was announced last month, many media outlets painted it more as a takeover by Sammy than a merger. Under the terms of the deal, Sammy, which already owns nearly 25 percent of Sega, will exchange about 165 billion yen ($1.45 billion) of stock in the new company for Sega's remaining shares. Each share of Sammy will be swapped for one share of Sega Sammy Holdings, while each share of Sega will be swapped for 0.28 of a share. The deal will give current Sammy shareholders control of nearly three-quarters of the new company's voting stock. You can see the new logo by clicking here
Source: http://www.gamespot.com

Comments

Site Statistics

Registered Members: 44,320
Forum Posts: 725,653
Xbox One Titles: 1,081
Xbox 360 Titles: 1,085
Xbox 360 Kinect Titles: 95
Xbox 360 Arcade Titles: 585
Original Xbox Titles: 987
Staff Reviews: 1,643
Member Reviews: 10,339
News Articles: 14,074
Screenshots: 30,717
Xbox 360 Achievements: 45,112
Xbox 360 Faceplates: 2,016
Cheat Codes: 1,706

Latest News








See News Archives

Community Forum Activity

Xbox One Assassins Creed Origins
Post by oryanphine
1 Replies, 322 Views

Xbox One S Porsche 919 Hybrid Edition
Post by oryanphine
3 Replies, 385 Views

OG Xbox on Xbox One now live!
Post by Kamshaft
2 Replies, 619 Views

Xbox One S Renault F1
Post by oryanphine
2 Replies, 454 Views

Xbox One S Wolfenstein 2 The New Colossus
Post by oryanphine
1 Replies, 617 Views

Xbox One S Prey
Post by oryanphine
0 Replies, 420 Views

Xbox One S Cuphead
Post by oryanphine
2 Replies, 714 Views

Xbox One S Shadow of War a gagner
Post by oryanphine
0 Replies, 411 Views

I Buy Very Rare XBox 360 Faceplates
Post by Smill
8 Replies, 1010 Views

Xbox Wire desormais disponible en francais
Post by oryanphine
0 Replies, 774 Views

Manette Xbox 360 Gamestop Radioactive
Post by oryanphine
1 Replies, 1089 Views

Xbox One Moratl Kombat X sur Ebay
Post by oryanphine
0 Replies, 1048 Views

Console Xbox 360 et faceplate Xbox 360 in package blue
Post by oryanphine
0 Replies, 1007 Views

Seagate Fanfest External Drive Scorpio
Post by oryanphine
2 Replies, 1362 Views

Ultimate Game Face
Post by oryanphine
3 Replies, 1246 Views

© 2000-2017 XboxAddict.com - All rights reserved. All trademarks are properties of their respective owners.
Xbox is a registered trademark of Microsoft. XboxAddict.com is not affiliated with Microsoft.

Made in Canada
Site Design by Cameron Graphics