The Daily Telegraph, Mark Kleinman and Emma Thelwell, 19/01/2008
The struggling SCi Entertainment is drafting in an industry veteran as an attempts to transform the company's ailing fortunes.
Juergen Goeldner, a former executive at Funsoft, is expected to be confirmed this week as the interim chief operating officer at SCi, which on Friday saw its chairman Tim Ryan oust founder and chief executive Jane Cavanagh along with her husband, the managing director Bill Ennis.
SCi chairman Tim Ryan said on Friday that the company board has commenced a root-and-branch review of the company's strategy and will report back to shareholders on their findings and recommendations.
Parts of the firm could be closed or sold off under the review, which is due to conclude by the end of February. SCi is also in talks with potential investors to plug a projected £30 million shortfall.
Analysts have suggested SCi's costly US publishing arm should be sold or shut down, as should some of the under-performing games studios. Such moves could lead to job cuts among the group's 900-strong work force.
SCi has struggled ever since it backed the wrong horse in the games console market last year. Failing to anticipate Nintendo Wii's success, it poured its resources into developing too many games for Sony's Playstation 3 instead.
The group's shares plummeted in August after it admitted sales had suffered from Sony's bungled launch of the PS3, and revealed it would take a hit of at least £14 million as a result.