Streetbeat News

SGAMY

Sega Sammy Holdings Inc.

https://www.segasammy.co.jp/

CEO

Hajime Satomi

Industry

Motion Picture and Video Production

Open

4.30

Mkt cap

3.6B

Volume

430

High

4.30

P/E Ratio

13.55

52-wk high

5.36

Low

4.20

Div yield

0.02

52-wk low

2.89

Sega's new game, Sonic x Shadow Generations, sold one million units on its launch day across multiple platforms. This success follows another recent achievement for Sega with the Atlus-developed RPG Metaphor: ReFantazio also selling one million copies on its launch day.

Portfolio Pulse from Franca Quarneti

October 25, 2024 | 8:57 pm

GameStop is converting some stores into retro gaming retailers, focusing on older consoles and games to attract nostalgic gamers. This move aims to counteract the shift towards digital gaming and boost sales. GameStop's stock has risen recently, and more details may be revealed in their upcoming financial report.

Portfolio Pulse from Chris Katje

August 29, 2024 | 4:53 pm

Raven Software has filed a labor complaint against Activision Blizzard and Microsoft, alleging bad faith bargaining and other labor issues. This follows the formation of a union at Raven Software and reflects broader labor activism in the gaming industry.

Portfolio Pulse from Franca Quarneti

August 28, 2024 | 6:41 pm

Sega Sammy Holdings Inc (OTC:SGAMY) reported mixed Q1 2024 results with strong video game sales but an overall revenue decline. The Entertainment Contents division saw a 34% increase in net sales, driven by full-game sales and back catalogue titles. However, the pachislot and pachinko segment struggled, with a 43% drop in net sales. Sega's acquisition of Rovio and upcoming game releases are expected to bolster future performance.

Portfolio Pulse from Franca Quarneti

August 08, 2024 | 6:42 pm

Bethesda Game Studios has unionized under the Communication Workers of America, marking a significant shift in the gaming industry's labor dynamics. This unionization involves 241 developers and follows similar moves within Zenimax and Sega Sammy Holdings. Microsoft has recognized the union, and negotiations for a contract are forthcoming.

Portfolio Pulse from Franca Quarneti

July 22, 2024 | 9:42 pm

The Biden administration announced a $504 million funding package for 12 regional tech hubs. California lawmakers are voting on a bill for AI safety regulations, opposed by Meta and Alphabet. Epic Games plans to relaunch 'Fortnite' on its own iPhone app store in the EU. Sega Sammy and Capcom announced new developments in their gaming franchises. Microsoft’s Xbox Game Pass has an exciting new lineup. Apple extended the deadline for iPhone 7 users to claim a settlement and declined Meta's AI chatbot proposal. Samsung introduced a new chipset for its Galaxy Watch. The EU may charge Meta with digital regulation breaches. SK Group plans significant investments in AI and semiconductors. Elon Musk shared updates on his AI chatbot, Grok.

Portfolio Pulse from Lekha Gupta

July 07, 2024 | 11:40 pm

Sega Sammy Holdings Inc (OTC:SGAMY) has announced a major reboot of its iconic Crazy Taxi game, transforming it into a large-scale, open-world, massively multiplayer driving game. The announcement was made at The Game Awards 2023, alongside other nostalgic comebacks like Jet Set Radio, Shinobi, Golden Axe, and Streets of Rage.

Portfolio Pulse from Franca Quarneti

July 01, 2024 | 7:46 pm

Production has begun on 'The Angry Birds Movie 3,' with Jason Sudeikis and Josh Gad returning to voice the main characters. The film is a collaboration between Rovio Entertainment, SEGA Sammy Holdings, and Prime Focus Studios, with DNEG Animation handling the animation. The first two films grossed over $500 million worldwide, setting high expectations for this installment.

Portfolio Pulse from Franca Quarneti

June 07, 2024 | 4:54 pm

Rolling Stone has revealed its top 25 licensed gaming soundtracks, highlighting the evolution of video game music from chiptunes to full orchestral scores and licensed tracks. The list includes iconic games like 'Grand Theft Auto: Vice City,' 'Tony Hawk's Pro Skater,' and 'Life Is Strange.'

Portfolio Pulse from Franca Quarneti

May 29, 2024 | 10:37 pm

Sega Sammy Holdings Inc - ADR (OTC:SGAMY) issued a financial warning due to disappointing holiday sales in 2023, citing weak sales of new games and losses from inventory write-downs. The company highlighted sluggish sales in Europe and the US, attributing it to economic challenges like inflation. Despite some successful titles, Sega does not expect to offset the lower sales and profits for the financial year. The company is undergoing structural reforms, including project cancellations and management changes.

Portfolio Pulse from Franca Quarneti

February 10, 2024 | 2:04 pm

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