Business

Nintendo Stock Declines 18 Percent After Revised Guidance on Fiscal Year Profit

January 20, 2014 - GamePolitics Staff

On Friday Nintendo projected that it would take a $240 million net loss for the fiscal year ending in March on weak holiday sales of its Wii U console and related software, and scaled back its sales projections for its home console and its 3DS hand-held. This morning the company is seeing the effects of that news in its stock price, according to this BBC report.

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Majesco Reveals Fourth Quarter and FY 2013 Losses, Dumps Zumba

January 15, 2014 - GamePolitics Staff

Publisher Majesco released results for its fourth fiscal quarter of 2013 as well as for the full year, and it is not good news. For the quarter, the Zumba publisher said that net revenues were down a whopping 62 percent to $10.1 million, with a net loss of $4.6 million. For the full fiscal year, Majesco's net revenues declined 64 percent to $47.3 million, leading to an operating loss of $12.6 million.

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GameStop Holiday Sales Up on New Hardware Sales

January 14, 2014 - James Fudge

GameStop said today that it generated $3.15 billion in total worldwide sales over the nine-week holiday shopping season of 2013. The numbers represent a 9.3 increase over the same period a year ago, which can be directly attributed to new consoles and new console software sales. In fact, GameStop said that hardware sales were up 99.8 percent over the same period a year ago. Go figure.

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PopCap CEO to Retire Next Week

January 3, 2014 - GamePolitics Staff

Dave Roberts, chief executive of Electronic Arts’ PopCap Games division, will retire next week, according to a GamesBeat report. Roberts, who joined the company almost nine years ago will officially exit the company on January 8, with PopCap co-founder John Vechey taking over the job of CEO at the Seattle-based studio responsible for the Plants vs. Zombies and Bejeweled franchises.

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NSA Catalog Offers Spies Backdoors for America's Biggest Networks, Technology

December 30, 2013 - GamePolitics Staff

According to an article published by Germany’s Der Spiegel newspaper on Sunday, the National Security Agency (NSA) has a catalog of "backdoors" that allows spies to infiltrate equipment from major computing and security vendors including firewalls from Juniper Networks, hard drives from Western Digital, Seagate, Maxtor and Samsung, networking gear from Cisco and Huawei, and unspecified equipment from Dell.

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Former EA Exec Joins New Oculus Publishing Division

December 20, 2013 - GamePolitics Staff

David DeMartini, a former senior vice president at EA has joined Oculus VR as its new head of worldwide publishing. DeMartini is the first executive to join this brand new division. He says that this new position is not unlike what he did for Electronic Arts.

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Japanese Publisher Cyber Front Dissolved

December 20, 2013 - GamePolitics Staff

This week Japanese publisher Cyber Front announced its dissolution in a simple statement (PDF, Japanese) published on its website (according to a translation by Gamasutra).

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Investors File Class Action Lawsuit Against EA Over Battlefield 4 Launch

December 19, 2013 - GamePolitics Staff

Electronic Arts has found itself on the business end of a class action lawsuit related to the numerous bugs, glitches, and technical problems related to Battlefield 4. The game, which launched in November on PC, PS3, PS4, Xbox 360, and Xbox One has suffered numerous problems since launch, and while EA and developer DICE have tried to get a handle on things, apparently some investors (not players, surprisingly enough) are so upset that they have decided to take the fight to a court room.

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Sony Looking to Make $250 Million in Cuts

November 22, 2013 - GamePolitics Staff

In a meeting with investors today (as detailed by Bloomberg) Sony CEO Kaz Hirai acknowledged that the company is looking to make $250 million worth of cuts in its entertainment business, but gently rejected a plan by its biggest shareholder to sell off its media business.

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Disney Reorganizing Games Division, John Pleasants Leaving Company

November 11, 2013 - GamePolitics Staff

The Walt Disney Company is reorganizing its video games and media groups under the auspices of Disney Interactive, according to a GII report. The company will merge the two group together and current co-president Jimmy Pitaro will take charge of the division. Co-President John Pleasants will be leaving his current post, but he will reportedly work closely with Pitaro "to ensure a smooth transition and serve as a strategic consultant to the business."

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PlanetSide 2 Coming to South Korea as a Free-to-Play Game

November 7, 2013 - GamePolitics Staff

Sony Online Entertainment (SOE) has partnership with South Korean publisher Daum Communications to bring the massively multiplayer online first-person shooter (MMOFPS) PlanetSide 2 to the region. SOE and Daum will showcase PlanetSide 2 at the G-STAR Global Game Exhibition in Busan, South Korea on November 14-16, 2013.

Daum has secured the exclusive publishing rights to the game, including dedicated servers, local customer support and payment gateways for South Korea. PlanetSide 2 will launch in the region as a free-to-play game.

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Blockbuster Retail Operations Shutting Down Jan. 2014

November 6, 2013 - GamePolitics Staff

Video and video game rental giant Blockbuster is not going to exist by the end of January 2014. Parent company Dish Network announced today that it will shut down its retail and by-mail rental distribution operations by early January 2014. The 300 remaining retail stores in the United States and distribution centers will also be closed.

"This is not an easy decision, yet consumer demand is clearly moving to digital distribution of video entertainment," Dish CEO Joseph P. Clayton said in a statement.

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Rhode Island EDC Implementing Tracking Software

November 1, 2013 - GamePolitics Staff

Because the Rhode Island Economic Development Corporation (EDC) did a pretty lousy job of keeping records during the whole 38 Studios $75 million loan guarantee deal, the agency charged with spurring economic growth in the state will be installing tracking software to keep tabs on its employees.

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PlayStation Second Most Popular Brand on YouTube

November 1, 2013 - GamePolitics Staff

While Red Bull is the number one brand on YouTube (mostly because it sponsors so many interesting sporting and gaming events worldwide), "PlayStation" is also pretty popular, according to data collected by Statista and Mashable.

Sony Reports Q2 Loss, But Maintains PS3 and PS4 Sales Estimates

October 31, 2013 - GamePolitics Staff

Sony reported a net loss of $197 million, or ¥19.3 billion in the second quarter of its current fiscal year. Despite a boost in revenue from positive currency exchange rates and decent smartphone sales, the company saw a 24.5 increase in net losses. As a result, the company has lowered net revenue expectations by about 40 percent to ¥30 billion, or $305 million, due to what it calls lowered expectations for sales of "certain electronic products."

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Nintendo Sells 460K Wii U Units in Last Six Months

October 30, 2013 - GamePolitics Staff

Nintendo says that it sold 460,000 Wii U units worldwide in the six month period that ended on September 30. The figure was revealed as part of the company's financial results for the last three months. In this quarter the company only sold 300,000, despite knocking $50 off the price tag of the system a few months ago. The company also had a number of high profile releases to go alongside that price cut including Pikmin 3 and The Legend of Zelda: The Wind Waker HD.

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Apple: iPhone Sales for Q4 Up 26 Percent

October 29, 2013 - GamePolitics Staff

Apple claims that its iPhone sales has grown 26 percent in its fourth quarter, thanks to two new iPhones. As part of its fourth-quarter earnings report for the period ended September 28, Apple saw iPhone saw sales jump by 26 percent.

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Report: Video Game Industry Mergers and Acquisitions Top $5 Billion in 2013

October 21, 2013 - GamePolitics Staff

With the new deal between Supercell, GungHo Online, and Soft Bank, the video game sector has surpassed $5 billion dollars related to mergers and acquisitions in 2013. This is according to data from Digi-Capital, who notes that much of the investment comes from investors in Korea, China, and Japan. Some of the deals contributing to the $5.2 billion number including the 51 percent stake taken by Soft Bank and GungHo's in mobile and social game developer Supercell and Ourpalm's recent acquisitions of China's Playcrab and Shanggames.

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Zynga Co-Founder Exits Company

October 17, 2013 - GamePolitics Staff

In a post on his Facebook page, Zynga co-founder Justin Waldron announced that he is leaving the publicly traded social gaming company.

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SoftBank, GungHo Take Controlling Interest in Supercell

October 15, 2013 - GamePolitics Staff

Softbank and GungHo Online are making a substantial investment in Finnish free-to-play and mobile gaming juggernaut Supercell. The company is selling a 51 percent stake for $1.53 billion to Japan’s SoftBank and game developer GungHo Online Entertainment. The strategic investment will make Supercell a subsidiary of Softbank, with the funds being used to fuel Supercell’s global expansion.

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Ubisoft Delays Watch Dogs, The Crew

October 15, 2013 - GamePolitics Staff

Ubisoft has changed the release window for three titles today. First, the good news: Ubisoft announced that Assassin's Creed IV: Black Flag will launch globally on October 29 for Wii U, PlayStation 3 and Xbox 360, an improvement on its previous target date of Nov. 1 in Europe and Oct. 31 release in Australia. The Xbox One and PlayStation 4 versions will still get the game at launch on Nov. 15 (Nov. 29 in Europe) and Nov. 22 in Australia. The PC version of the game was originally scheduled to release alongside the current-gen versions, but was pushed back to the next-gen release.

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Activision Blizzard Completes Deal with Vivendi, Takes Control of Stock

October 14, 2013 - GamePolitics Staff

Activision Blizzard has closed a deal to buy back shares from France-based conglomerate Vivendi a day after a Delaware Supreme Court judge lifted an injunction on the plan put on the deal by a lower court judge in response to several shareholder lawsuits.

With the deal complete Activision Blizzard now has a controlling interest in itself. Activision Blizzard now owns $5.83 billion of stock, with CEO Bobby Kotick and his partners owning $2.34 billion. Vivendi's stake has been reduced significantly to 12 percent.

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Activision Blizzard Stock Repurchase Plan Gets Greenlight by Delaware Supreme Court

October 11, 2013 - GamePolitics Staff

The Delaware Supreme Court unanimously reversed a lower court ruling that put a temporary injunction on Activision Blizzard‘s plan to buy back most of Vivendi’s stake in the video game maker for $8.2 billion.

With the injunction lifted, Activision Blizzard can move forward with the plan. In a hearing on Wednesday, lawyers for Activision Blizzard argued that the provision was inapplicable, since it applied only to a merger, while the company’s plan was a stock repurchase.

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Research Firm: PC Market Taking a Hit from Tablets, Smartphones

October 10, 2013 - GamePolitics Staff

A new study from research firm Gartner claims that the worldwide PC market is in decline, losing 8.6 percent from the same quarter a year ago. They say that consumers are shifting away from PCs to tablets and smartphones for their daily computing needs.

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Majesco Gets 180 Day Extension from NASDAQ

August 30, 2013 - GamePolitics Staff

Publisher Majesco has been given 180 days more to get its share price at $1 or be delisted by the NASDAQ stock exchange, according to a new SEC filing by the company.

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Nintendo Expects Five Million 3DS Sales in Japan

August 27, 2013 - GamePolitics Staff

Nintendo expects sales of more than 5 million of its 3DS handheld console units in Japan this year, according to this Bloomberg report. Speaking at a Capcom event today in Tokyo, Nintendo president Satoru Iwata also said that the company sold more than 5.5 million units of its 3DS last year. Nintendo expects global 3DS sales of around 18 million this fiscal year, up from 13.95 million last year.

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Big Fish Games Cuts Staff in Seattle, Closes Vancouver Office

August 21, 2013 - GamePolitics Staff

In a memo sent to employees today, Big Fish Games CEO Paul Thelen announced that the company is laying off 49 employees in its Seattle office and shutting down its office in Vancouver. Projects in the Vancouver office would be moved to Seattle.

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Rhode Island EDC Launches Reputation Management Committee

August 20, 2013 - GamePolitics Staff

The Rhode Island Economic Development Corporation's handling of a $75 million loan deal to 38 Studios continues to have an effect on politics in the state, and today more reforms are being discussed so that the failure of that deal can never happen again.

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Three More Executives Exit Zynga

August 14, 2013 - GamePolitics Staff

In an email sent to Zynga staff and published on the company's official blog, CEO Don Mattrick revealed that three more executives have left the social game maker for greener pastures. The three departing executives are Cadir Lee, Colleen McCreary, and David Ko, who are leaving the company "to pursue other interests," according to Mattrick.

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Poll: Who Should Buy Atlus?

August 13, 2013 -

Game developer and publisher Atlus is responsible for tons of awesome games from notable RPGs like Shin Megami Tensei, Etrian Odyssey and Persona to unique experiences like Catherine and the Trauma Center series.

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SleakerAlthough.. I don't think it hurts anyone if kids think the report is true :P09/01/2014 - 3:26am
Sleakerand just for future reference. National Reports is a fake news site, they decided to remove their disclaimers a while back apparently...09/01/2014 - 3:25am
Thomas RiordanDon't feel bad. I posted the same thing last night and deleted it once I realized it wasn't real.08/31/2014 - 11:13pm
E. Zachary KnightAh. The report actually read serious to me. Oh well. At least it didn't happen.08/31/2014 - 7:46pm
ConsterAlthough apparently someone who was in a swatting ring in Texas took a plea for up to 5 years in July.08/31/2014 - 7:14pm
ConsterProbably because it's a satire site.08/31/2014 - 7:13pm
E. Zachary KnightI agree that the kid should be punished, but the charge and sentence seem a bit overboard to me. http://nationalreport.net/15-year-old-swatted-domestic-terrorism/08/31/2014 - 6:56pm
Andrew EisenI get a "page doesn't exist."08/31/2014 - 11:50am
MaskedPixelantehttps://twitter.com/Nevelets/status/506076879309508608 What we're currently supposed to be offended by, or whatever.08/31/2014 - 10:10am
MechaTama31AE: Probably snarky commentary on this: http://www.gamepolitics.com/2014/08/29/principle-player-leland-yee-arms-trading-case-dies08/30/2014 - 8:43pm
Andrew EisenConster - Don't know. Got a link to whatever you're referring to?08/30/2014 - 7:04pm
ConsterWait, what's this about Leland Yee eliminating witnesses?08/30/2014 - 5:50pm
IanCBroke my EA boycott to pick up Plants vs Zombies Garden Warfare. Loving it. Still hate EA though. But i like Popcap. Gah.08/30/2014 - 6:01am
MaskedPixelantehttp://m.tickld.com/x/something-you-never-realized-about-guardians-of-the-galaxy Right in the feels.08/29/2014 - 6:56pm
AvalongodAgain I think we're conflating the issue of whether Sarkeesian's claims are beyond critique (no they're not) and whether its ever appropriate to use sexist language, let alone physical threats on a woman to intimidate her (no it isn't)08/29/2014 - 5:04pm
prh99Trolling her or trying to assail her integrity just draws more attention (Streisand effect?). Which is really not what the trolls want, so the only way to win (if there is a win to be had) is not to play/troll.08/29/2014 - 5:02pm
prh99Who cares, just don't watch the damn videos if you don't like her. Personally, I don't care as far as she is concerned as long there are interesting games to be played.08/29/2014 - 4:34pm
Andrew EisenZip - And yet, you can't cite a single, solitary example. (And no one said you hated anyone. Along those lines, no one claimed Sarkeesian was perfect either.)08/29/2014 - 3:51pm
Andrew EisenSaint's Row: Gat Out of Hell was just announced for PC, PS3, PS4, Xbox 360 and Xbox One making it the 150th game For Everything But Wii U! Congratulations Deep Silver!08/29/2014 - 3:49pm
ZippyDSMleeI do not hate them jsut think its mostly hyperlobe.08/29/2014 - 3:40pm
 

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