The disappearance of a large part of the terrestrial megafauna such as saber-toothed cat and the mammoth during the ice age is well known.
Researchers at the University of Zurich in Switzerland and the Naturkunde Museum in Berlin, Germany have shown that a similar extinction event had taken place earlier in the oceans.
The team investigated fossils of marine megafauna from the Pliocene and the Pleisto-cene epochs - 5.3 million to around 9,700 years BC.
Above all, the newly discovered extinction event affected marine mammals, which lost 55 per cent of their diversity.
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As many as 43 per cent of sea turtle species were lost, along with 35 per cent of sea birds and nine per cent of sharks.
On the other hand, the new forms of life developed during the subsequent Pleistocene epoch.
Overall, however, earlier levels of diversity could not be reached again, researchers said.
In order to determine the consequences of this extinction, researchers concentrated on shallow coastal shelf zones, investigating the effects that the loss of entire functional entities had on coastal ecosystems.
Functional entities are groups of animals not necessarily related, but that share similar characteristics in terms of the function they play on ecosystems.
Researchers found that seven functional entities were lost in coastal waters during the Pliocene.
Previously common predators vanished, while new competitors emerged and marine animals were forced to adjust.
In addition, the researchers found that at the time of the extinction, coastal habitats were significantly reduced due to violent sea levels fluctuations.
The researchers propose that the sudden loss of the productive coastal habitats, together with oceanographic factors such as altered sea currents, greatly contributed to these extinctions.