That is not totally true.
EA never comitted to the Dreamcast and its death was due to all SEGA's past mistakes that burnt consumer and developers alike.
Piracy was never an issue with the Dreamcast in that it didn't hurt the system.
Sega was strapped for cash and couldn't compete with Sony's hype and deep pockets. The Dreamcast was dead out of the gate unfortunately.
edit://
Seamus Blackley the CTO of the Xbox and person who came up with the idea that Microsoft needed to get into the console market and pushed the company to do it, is quoted as saying "If I had known how powerful Sony and Nintendo were, I would have probably given up on there wouldn't be an Xbox"
That should give you and idea of what the console business is like. Even with Microsoft's deep pockets its a hell of a challenge.
Someone did a pretty in dept analysis of the Dreamcast console and games sales. https://www.youtube.com/watch?v=7hGK2ep3gJI&feature=youtu.be
Sega was strapped for cash and couldn't compete with Sony's hype and deep pockets. The Dreamcast was dead out of the gate unfortunately.
edit:// Seamus Blackley the CTO of the Xbox and person who came up with the idea that Microsoft needed to get into the console market and pushed the company to do it, is quoted as saying "If I had known how powerful Sony and Nintendo were, I would have probably given up on there wouldn't be an Xbox"
That should give you and idea of what the console business is like. Even with Microsoft's deep pockets its a hell of a challenge.