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Village Entertainment and Sega Seperate

 
Village Entertainment and Sega Seperate
Village Entertainment and Sega Seperate
Village Entertainment of Australia and Sega Japan have seperated after quiet rumours of instability earlier this year.

Village Entertainment is a leading entertainment company in Australia with distribution and connections in the Music, Cinema, Video, Television and Theme parks, who a few years ago, were granted an exclusive contract for distribution of all Sega coinop products into Australia.

With the poor results shown by the Intencity centres, and public departures of key personal, sales of Sega products never reached satisfactory levels. Coupled with poor AUD to USD/Yen ratios, shareholders looking for high profits, and slow product release/performances, it was a sure sign of intercompany problems.

We understand that last week the seperation agreement was signed however a public announcement is expected within the next few days.
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