PS1 News: Sega continues denials. - PS1 News

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Sega continues denials.

  A frenzy of controversy has surrounded the Sega corporation as of late, as speculation as to the company's financial security and future ownership has ebbed throughout the videogaming industry. Following a report from the Jiji news agency, further conjecture was fueled by the Nihon Keizai Shimbun, which took the rumors a step further. The Japanese publication reported that Sega will discontinue all hardware development and move into the field of third party development, developing titles for the PlayStation 2 and the Game Boy Advance.

   The Sega Corporation, however, on each instance, has denied the reports, stating that the anxious media reported on the situation without any concrete information. The company, in an official statement, commented, "Sega of America stated today that the company globally reaffirms its commitment to Dreamcast. In fact. Sega has more than 100 games worldwide coming out for the platform in the next year. It is not Sega's policy to comment on rumors and the company has not made any statement regarding ceasing manufacturing of Dreamcast or development of other videogame platforms."

1/23/2001 Bryan Keers

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