Can we panic now? — Core gaming has a problem

THQ layoffs, Sega cancellations, and Sony studio closures caused last week to be one of the worst in memory for the gaming industry. Compare that to mobile darling OMGPOP which was sold for $210 million based on the strength of one game. It seems like one side of the market is on its way down, while the other side has nothing but growth ahead of it, but that isn’t necessarily the case.

Sega shutting down games, laying off people

Sega said today it will restructure its Western operations as it deals with the transformation from a maker of retail games to digital distribution. The restructuring will result in an unspecified number of job losses and game cancellations.