In a recent press release regarding structural reforms in its Consumer Area, Sega Sammy announced the cancellation of Creative Assembly’s HYENAS. This is after it reviewed “the title portfolio of each development base in Europe.” Some unannounced titles have also been cancelled, and the company will implement a write-down of work-in-progress titles.
A reduction of fixed expenses for group companies in the relevant region, focused on Creative Assembly, will also be implemented. Despite the above, the company continues to consider “measures to improve profitability in European bases apart from above. We will announce the specific details and impact from them as soon as we make a decision.”
However, due to the above measures, Sega Sammy expects to incur record losses of 14.3 billion yen (approximately $95,804,995) for the fiscal year ending March 31, 2024. There is no change to its full-year consolidated operating results forecast for the same period. Based on new titles launching in the third quarter and the performance of its Amusement Machine Sales Area, it will revise the forecast as necessary.
Slated for a 2023 release, HYENAS was an extraction shooter where three-player teams would scavenge artifacts in a post-apocalyptic setting. It was to release on Xbox One, Xbox Series X/S, PS4, PS5 and PC, with a closed beta concluding earlier this month on Steam. Whether its cancellation will lead to changes at Creative Assembly remains to be seen, so stay tuned.