Evidence receipt / belief
Published · transcript-backedBen Gilbert: belief
18 Apr 2023 Acquired Short: The Death of Sega
“I believe, personally, in 2001, the writing was on the wall, he was coming to the end of his life, he actually forgave Sega’s debts to him ahead of his death, and returned $695 million worth of Sega and CSK stock, which basically was the bridge that Sega needed to transition a massive shift from the Sega that we've been talking about this whole episode to just being the game creator that they are today.”
Source trail
Everything needed to verify it.
- Speaker
- Ben Gilbert
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 18 Apr 2023
- Publisher
- Acquired
- Episode
- Short: The Death of Sega
Transcript context
…Yes, the chairman of CSK, right? Yes, exactly, and then ultimately became the chairman of Sega. In 1999, he had loaned Sega $500 million. I believe, personally, in 2001, the writing was on the wall, he was coming to the end of his life, he actually forgave Sega’s debts to him ahead of his death, and returned $695 million worth of Sega and CSK stock, which basically was the bridge that Sega needed to transition a massive shift from the Sega that we've been talking about this whole episode to just being the game creator that they are today. Yeah, because all of this R&D that was required to go into these new consoles, the Saturn, and we just talked about how the Saturn basically got the floor wiped with it by Sony and the PlayStation 1, Sega would then turn around and pour a bunch of effort into the Dreamcast, the same story would happen. But even worse, the Dreamcast sold less than the Saturn. The PS2, of course, goes on to become the best selling console of all time. It takes hundreds of millions, if not billions of dollars in R&D to create these consoles.…
Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.