Tag: financial
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IGN, GameStop Enter Into Online Service Agreement
An interesting deal was struck yesterday that could turn one of the largest video game sites on its head. News Corp’s IGN and Grapevine TX based video game retailer GameStop have combined to increase the online profile of both companies and to mutually assist each other. Under the terms of the deal reported by the…
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Viacom Discontinues, Looks To Sell Harmonix
Massive media conglomerate Viacom issued a financial statement where they announced that Rock Band and Dance Central developer Harmonix Music Systems will be sold, and as a result, the company has been listed as “discontinued” in that report (below), and a Viacom representative told Wired that they are exiting the video games business, because of…
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Pachter Backtracks On Previous Black Ops Predictions, Still Wants Paid Online
I need to get a job as a stock speculator. These guys get more predictions wrong than weathermen, and yet they still get paid large amounts of money to make said predictions, so long as they readjust their wrong predictions to make more predictions. Such is the case with the latest from Wedbush Securities analyst…
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Namco Bandai Six Month Figures Improve, Company Still Loses Money
The good news for Namco Bandai is that they lost less money for the first six months of their fiscal year than they did at this point last year, when they lost an astounding Â¥6b ($74m). The bad news: they still lost money this time around, to the tune of Â¥1.93b ($24m). The losses were…
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Tecmo-Koei Takes Financial Beating, Replaces CEO
Tecmo-Koei’s six month financial results are in, and they are a disaster. For the period ending September 30, the company lost Â¥1.09b ($13.5m), on sales of Â¥11.07b ($136.2b). The losses are more than the Â¥349m ($4.3m) the company lost for the same period of time last year. Even more notable is that the video game…
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THQ Loses Money, Focuses On Future
THQ, publishers of the UFC: Undisputed and Red Faction franchises, has reported a loss of $47m for Q2 of their fiscal year, on sales of $77.1m. Those numbers from the same period in FY 09 were losses of $5.6m and sales of $101.3m, respectively. Despite the numbers, THQ said the numbers were within their guidance.…
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More Industry Layoffs: IO Interactive, Possibly Namco Bandai Affected
I was pretty upset when I read of the “routine” layoffs at EA Canada, something I took some stick for. I can’t even feel emotional over the latest news to come on that front, as two more companies have been affected. A source with IO Interactive has confirmed to Kotaku that an undisclosed number of…
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Microsoft’s Xbox Division Surges To $382m Q1 USD Profit
Microsoft’s Entertainment and Devices Division, which includes the Xbox, Zune and Windows Phone 7 divisions, profited (reg. required) $382m for the first quarter of its financial year, which is up from the $207m it made for the same period of time in 2009. The division brought in revenues of $1.79b for the quarter, of which…
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Sony PlayStation Division Hits $85m USD Q2 Profit
Sony’s Networked Products and Services division, which includes the PlayStation products, profited (reg required) Â¥6.9b ($85m USD) profit for Q2 of their financial year. This is a major turnaround for a company that lost Â¥59b ($731m!) for the same period of time in 2009, and is despite a decrease in game sales from Â¥196b ($2.4b)…
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Electronic Arts Conducts “Seasonal Roll-Offs” On Canadian Employees
There are times when reporting the news makes me angry. This is one of those times. Joystiq has confirmed with Electronic Arts that the company has “rolled-off” – that’s “fired” in corporate whore-speak – jobs for the third year in a row, as part of what company spokesperson Jeff Brown terms “team size adjustments”. “As…