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SCi to post £100 million FY loss

According to this Edge report, SCi is poised to show a £100 million for fiscal 07.

“We have a clear strategy in place and have taken decisive steps to become a studio-led business with a focus on cornerstone franchises and a flexible approach to distribution,” said CEO Phil Rogers.

“There has been substantial change and the business is in good shape to take advantage of the strong overall market for video gaming worldwide.”

The company is currently working on its previously announced aim to reduce staffing levels by 25 percent.

The info comes from a trading update. More through the link.

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Patrick Garratt

Founder & Publisher (Former)

Patrick Garratt is a games media legend - and not just by reputation. He was named as such in the UK's 'Games Media Awards', the equivalent of a lifetime achievement award. After garnering experience on countless gaming magazines, he joined Eurogamer and later split from that brand to create VG247, putting the site on the map with fast, 24-hour a day coverage, and assembling the site's earliest editorial teams. He retired from VG247, and the games industry, in 2017.
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