Quantcast
Xbox 360 Playstation 3 Nintendo Wii Playstation Portable Computer PC Games Playstation 2 Games Gear and Accessories for Games Nintendo DS  
Archives Video Media Articles Games Cheats Files Forums

   GENERAL
  Game Reviews Index
  Community
  Upcoming Releases
  Latest Releases
  Game List
  Game Reviews
  Archives
   SECTIONS
  Game Files
  Game Blogs
  Video
  Game Cheats
  Top 10 Games
  Screenshots
   WEBSITE
  Submit Gaming News
  Submit a Review
  Submit Content
  Advertising
  Resources
  Pages
  Members
  Company List
  Signature Stats
Affiliated with:
GameZone.com

Friends:

360 sync


360 Voice
Index » Story Print this news articleSend this page to a friend
Mass Layoffs at Eidos
Posted by TGRJeff, 124 days ago Apr 28, 2008 11:39

British Game Publisher SCi has undoubtedly experienced trying times lately. Just last month, the company tried to shed weight to stay afloat by laying off employees en masse and canceling over a dozen proposed games. This reorganization was also coupled with the ongoing attempts at reviving a number of the beleaguered publisher’s most popular franchises, such as Deus Ex, Hitman and Tomb Raider. Many analysts assumed that these efforts were geared toward making SCi more appealing to potential investors who might ultimately rescue the company.

So when Warner Bros. Home Entertainment purchased $170 million worth of newly created SCi stock, few should have been surprised. Particularly considering the fact that Warner Bros. made a similar move back in December 2006, when it bought out a portion of the London-based publisher’s outstanding debt. In exchange for this most recent deal, Warner Bros. intends to gain access to much of SCi’s North American distribution, and this may even be part of a broader plan by Time Warner to secure a larger share of the game market. SCi, on the other hand, obviously benefits from the substantial infusion of cash, though it seems as though one of the immediate effects of the deal was that the entire PR, marketing and sales staff at Eidos, which is owned by SCi, has been laid off.

Prev: Portal 2 not Coming in 2008
Next: Portal rejected from XBLA

Rating: 8.0, votes: 1
 
Comments
Rules
1. No cursing or swear words: Use proper language to express yourself.
2. No flooding or spamming the comment system, abuse will result in a ban.

You may not post comments as a guest. Please register or login to your account.
 

Weekly Video Game Giveaway Contests
Inside The Games

Game Reviews | Weekly Contests | Submit News | Contact | Pages | Blogs | Forums | Video Game Reviews | Video | RSS | Privacy Policy | Terms and Conditions
GamePro Media
Top Games:  Blue Dragon | Two Worlds | Halo 3 | Beowulf The Game | Rock Band | Call of Duty 4 | Bioshock xbox 360 | StrangleHold by John Woo | Overlord | Mass Effect