JoWood in trouble?
JoWood in trouble?
Company News - posted by Saint_Proverbius on Mon 11 November 2002, 10:01:55
Tags: Gothic IIIt would seem so, per this announcement on JoWood's web page. Here's the scoop:
Due to a postponement of several releases into the forthcoming two quarters - especially the release of Gothic II - and the general diffficult market environment JoWooD Productions Software AG is obliged to decrease its sales and earnings forecast for the business year 2002.
Faced with the sector's weak business development in the longer term initial measures of a cost reduction programme have already been implemented. The basis of these measures will be JoWooD's focus on its core competences - the publishing and development of titles with chart topping potential. In the course of this programme the areas of publishing as well as development and distribution will be subject to extensive rationalization measures.
The company will publish detailed information regarding these measures, the third quarter results, the outlook for business year 2002 and the further strategic position of JoWooD at a press conference on November 14th, 2002.
Ye-ouch! That's kind of a shame, because they publish some interesting titles, such as Arx Fatalis and Gothic 2.
Spotted this at RPGDot.
Due to a postponement of several releases into the forthcoming two quarters - especially the release of Gothic II - and the general diffficult market environment JoWooD Productions Software AG is obliged to decrease its sales and earnings forecast for the business year 2002.
Faced with the sector's weak business development in the longer term initial measures of a cost reduction programme have already been implemented. The basis of these measures will be JoWooD's focus on its core competences - the publishing and development of titles with chart topping potential. In the course of this programme the areas of publishing as well as development and distribution will be subject to extensive rationalization measures.
The company will publish detailed information regarding these measures, the third quarter results, the outlook for business year 2002 and the further strategic position of JoWooD at a press conference on November 14th, 2002.
Ye-ouch! That's kind of a shame, because they publish some interesting titles, such as Arx Fatalis and Gothic 2.
Spotted this at RPGDot.
