Sierra dissolved?? Vivendi Massive Layoffs?

[da loser]

what exactly does sierra do? if the developers make the program? just promote the game and sell it? seems to me there's really no loss.

 

[Drizzy]

Here is a quote from a newspaper: "The Sierra brand will live on in name only and projects tied to the Sierra pipeline, Half-Life 2, Ground Control II and Tribes: Vengeance are already being developed by other teams within Vivendi."

 

[Vortex22]

They had better not touch Blizzard....

 

[SunnyD]

Vivendi has been going downhill for a while now. This is not a surprise. That's the reason why the top brass at Blizzard left a year or so ago.

 

[Zenmervolt]

Originally posted by: Bootprint
Text


Welcome [Sign In] To track stocks & more, Register
Financial News
Enter symbol(s) BasicPerformanceReal-time MktDetailedChartResearchOptionsOrder Book Symbol Lookup

Reuters
Vivendi Unit to Cut 350 N. America Jobs
Monday June 21, 3:05 pm ET


LOS ANGELES (Reuters) - The video game arm of French media and telecommunications company Vivendi Universal (NYSE:V - News; Paris:EAUG.PA - News) on Monday said it would cut 350 jobs in North America as part of an ongoing restructuring at the struggling unit.
ADVERTISEMENT


Los Angeles-based Vivendi Universal Games said its key PC games division, Blizzard Entertainment, was not affected by the job cuts. All of the employees being laid off are expected to leave the company within the next two months.

Vivendi Universal retained the games business, which it spent the better part of a year trying unsuccessfully to sell, when it sold most of its entertainment assets to General Electric Co. (NYSE:GE - News)-controlled NBC.

Earlier this year Vivendi overhauled management at the games unit, replacing long-time Chief Executive Ken Cron with Bruce Hack, formerly a top executive of both Universal Music and Universal Studios.

At that time Hack said Vivendi was committed to spending more to bolster the games business, which posted a larger loss on declining revenue in the first quarter.

The really fun thing for me is that in one of my required business courses (a management course, naturally) we were required to do an HBS case about Vivendi that was basically a bunch of BS about how Vivendi had "revitalised" itself and was on this massive turnaround that would be wonderful for it because of the then-new management.

ZV