SCi Entertainment loses $177 million in Fiscal '08, changes name


We knew SCi Entertainment, parent company of Eidos, had financial issues, but we didn't realize those "issues" totaled a $177 million loss for the company in its fiscal year, ending June 30. The company has been in the midst of a major restructuring ever since it received a bailout investment of $107 million from Warner Bros earlier this year. The company also announced it plans to change its name to Eidos PLC.

The company states it will focus on higher quality games by giving more attention to key franchises: Hitman; Deus Ex; Championship Manager (?); and Lady Croft's series. Tomb Raider: Underworld will release this November, with Deus Ex 3 rumored to be fully unveiled soon.

This article was originally published on Joystiq.