Konami of Europe Announces Name Change/Restructuring

Officials from Konami of Europe have announced that, as of today, the company will be known as Konami Digital Entertainment GmbH. The new name will act as an umbrella title for Konami’s existing core business of console and PC titles, arcade games, mobile phone release and unspecified “new additions to the company portfolio”. The new holding company structure will be effective as of March 31st with the newly established and wholly-owned subsidiary being introduced specifically for European territories. "These are exciting times for Konami," commented Kunio Neo, president for Konami Digital Entertainment GmbH. "We have a hard-earned reputation for producing cutting edge titles and stand on the cusp of a new era of video games as new formats are launched. As such, this is a terrific time to grow our unified business under the new company name, and we foresee a time of great growth for Konami Digital Entertainment GmbH in the coming year and beyond”, he added. The restructuring is aimed at not just consolidating the company’s portfolio, but also addressing the wide gap in performance between the company’s best selling titles such as Pro Evolution Soccer (aka World Soccer Winning Eleven) and Metal Gear, and most of the rest of the company’s European published titles.