Today, IDW has announced plans to cut 39% of its staff and delist itself from the New York Stock Exchange, as reported by Yahoo Finance. While an IDW Media Holdings investor report highlights the “approximately $4.4 million in annual savings,” this decision follows significant reported losses this year of $335,000. ICV2 notes that book channel sales were up in the company’s Q1 2023 financial reports, including those from the Sonic series and TMNT: The Last Ronin; however, major drops hit the company from their games division and streaming series.
As part of big shake-up, IDW’s Board of Directors has moved Davidi Jonas, previously Board Vice Chairman (and son of the Board Chairman), to CEO, and Amber Huerta, Senior VP of People and Organizational Development, to COO.
At this time, we do not have any specific information regarding how this may impact IDW’s Sonic the Hedgehog series, nor have we heard any reports of its staff being part of the 39% cut. With the series being one of IDW’s bigger successes, and SEGA continuing to collaborate with IDW writers and artists on non-IDW projects, it’s unlikely that Sonic himself will be on the chopping block. That said, executive shifts and deep staff cuts still have the potential to directly or indirectly impact the series.
We extend sympathies to all whose job was hit by these cuts.
Source: ComicsBeat.com
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SEGA has confirmed that Sonic Frontiers has sold over 2.5 million units worldwide since its release on November 8, making it the best selling Sonic game in more then a decade, despite only being out a month. In fact, Frontiers has already managed to sell 43% of what Sonic games as a whole managed to sell during the entirety of SEGA’s previous fiscal year. What’s more impressive, Frontiers is also among the fastest selling mainline Sonic games of all time.
While old sales data can be difficult to find, it appears Sonic Frontiers is the second-fastest selling Sonic game ever, only sitting behind Sonic the Hedgehog 2, which sold 3.2 million cartridges in two weeks. At the very least, it’s up there.
With numbers like these, Sonic Frontiers is an inarguable success. The next question is whether or not the game will have legs.
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Appendix of Consolidated Financial Statements 9 Months Ended December 31, 2013 (Page 6)
FLASH REPORT CONSOLIDATED FINANCIAL STATEMENTS［Japanese GAAP］ 9 Months Ended December 31, 2013 (Page 4)
Comment from the 2nd pdf:
In the consumer business, although the Group launched multiple titles including “Football Manager 2014” and “Sonic Lost World” in the packaged game software field, sales were low due to the harsh market environment.
Sega have confirmed in their newly published Financial Earnings report that the Wii U and 3DS exclusive title Sonic Lost World has shipped 640,000 copies worldwide as of December 31st. Sega also shipped 680,000 copies of Football Manager 2014 on PC in Europe and NA, while the Japan-only Soccer Tsuku: Let’s Make a Pro Soccer Club managed to ship 200,000 copies on PS3 and Vita.
You can find a full write-up over at Joystiq.
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SEGA’s parent company SEGA Sammy has unveiled their financial results for the last nine months of 2010 and among the figures is an impressive record of 1,850,000 copies sold for Sonic’s Wii and DS exclusive, Sonic Colours. Continue reading Sonic Colours Sells Nearly 2 Million Copies Worldwide in 2010
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Last year, SEGA announced that Mario and Sonic will sell four million copies in it’s lifetime. People scoffed.
Well today, it seems, SEGA will have the last laugh. SEGA has announced today that not only has Mario and Sonic reach it’s goal of four million copies sold, it has surpassed it, selling a total of five million copies worldwide. “With adored icons and fun game play, Mario & Sonic at the Olympic Games has shot to the top of the sales charts and is clearly resonating with the growing audience of casual gamers that want an engaging and accessible gaming experience,” said Simon Jeffery, President and COO, SEGA of America. “The market for entertaining games that everyone can enjoy is growing faster than any other segment in the industry, thanks in part to the explosive popularity of Wii and Nintendo DS,” continued Jeffery. “A key element of our growth strategy at SEGA is to develop and publish games that appeal to this expanding market.”
Mario and Sonic can owe much of it’s success to the UK, where the game has consistently remained in the top five every week since it’s release.
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The Sonic sales train keeps charging ahead at full speed, as SEGA has announced that sales of both Sonic Advance and Sonic Adventure 2 Battle have passed some significant milestones. Continue reading Sonic Advance Sales Hit 1.7 Million
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