An interesting story hit Bloomberg recently: Vivendi, the media conglomerate, is looking to offload its massive stake in Activision Blizzard. Vivendi has a $US8.1 billion stake in the company, and it’s going to get rid of that 61 per cent stake in the company one way or another: if no…
Read MoreAfter running into extreme financial trouble, 38 Games has officially closed down. It’s a sad day in gaming as the 300-odd headcount at the developer was a team with real potential. Kingdoms of Amalur, its first and only game, was not a bad game at all. But it sold horribly,…
Read MoreSad news folks: despite coming up with one of the better new IPs in recent times, the fine folks behind Kingdoms of Amalur, 38 Studios, is struggling financially. According to this report the company has missed payroll for its nearly 400 employees and failed to make a $1.125 million loan repayment…
Read MoreTHQ’s fourth quarter financial results are as expected – negative – but the company does see light at the end of the tunnel. The company has posted an increase in revenue ($US184.2 compared to $124.2 million in the same period last year), but has also seen an increased loss –…
Read MoreThis was always going to happen, but as one of the most prominent developers and publishers in the mobile space, Gamevil has grown 160 per cent according to its first quarter financial results. The Korean specialist reported sales of 16.6 billion KRW and 5.2 billion KRW in net profit. That’s…
Read MoreAlthough GAME in Australia dodged the initial bullet that hit its parent company in the UK, it looks like trouble has finally caught up to it and it has gone into voluntary administration. PricewaterhouseCoopers Australia has been appointed as administrators. For now the business is continuing to operate as normal,…
Read MoreTecmo Koei is going good in the market. Even given the critical panning that Ninja Gaiden 3 suffered (not by us, mind you), the publisher sold 630,000 copies of the game, and profit for the company was up 69 per cent across the board. Plenty of good quality Warriors releases…
Read MoreOne look at EA fourth-quarter and full-year financial results tells us one big thing: downloads and mobile platforms are the future. Digital sales were up 47 per cent year-on-year. In real numbers, that’s $US1.2 billion in digital revenue. That growth was instrumental in helping the company pull away from the…
Read MoreNintendo was always going to post a loss this financial year. The good news is it’s nowhere near as bad as expected, thanks to a remarkable uplift in 3DS sales, especially in Japan. While the expectation was that the company would lose 65 billion Yen, the full year financial results…
Read MoreNintendo was always going to post a loss this financial year. The good news is it’s nowhere near as bad as expected, thanks to a remarkable uplift in 3DS sales, especially in Japan. While the expectation was that the company would lose 65 billion Yen, the full year financial results…
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