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Latest News From Japan

 
Latest News From Japan
Latest News From Japan
Konami Get "Tour de France" Rights

Konami announced on July 19 that it had got the exclusive rights to develop video games based on the Tour de France. The company was awarded the exclusive rights by La Societa du France. Konami intends to make Tour de France cycling games for the Sony, Nintendo and Microsoft game consoles as well as network games.

According to the Konami press release, "the Tour de France licence is an essential ingredient in their marketing strategy in Europe". The 2000 Tour de France was won last week by an American.

Crazy Taxi 2, Virtua Tennis 2 in the Works

According to Daily Radar, Sega are developing sequels for Crazy Taxi and Virtua Tennis. It seems the Crazy Taxi sequel may contain a variety of different vehicles, not only taxis.

Sega's Debt Downgraded

Sega's long-term debt rating was lowered by two grades from BBB-minus to BB by the rating agency Japan Rating Investment Information Inc. on July 21. Sega got a capital injection of over Yen 100 billion earlier this year but according to the ratings agency, Sega's financial position remains very weak.

With the Japanese game software market very sluggish, the rating agency believes that Sega will have to sacrifice profit margins in a bid to expand sales of its struggling Dreamcast game console.

Special thanks to Manjiro Works
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