financial

Guitar Hero CEO: Rhythm Gaming Market Not Saturated

5:40AM Owen Good | CNBC gives a big free ad to Activision for about a minute, then Daniel Rosensweig, the Guitar Hero CEO, gets down to bidness. He doesn’t think rhythm gaming’s a saturated market. Less than 20% of console-owning households have one. More »

Midway Loses $US76 Million, Hopes For Great MK vs. DCU Success

9:40AM Michael McWhertor | Chicago-based developer Midway announced its third quarter earnings today, pulling in $US51.4 million in revenue. That’s better than the $US36.7 million it did the year prior and thankfully in line with expectations. The bad news — oh, there’s bad news, naturally — is that Midway took a loss of $US75.9 million, with losses planned to continue for the year. That’s worse than the quarter before and the year prior, for those who like to keep track of such things. More »

Metal Gear Solid 4 Moves Over 4 Million, Konami Makes $US1.5 Billion

7:40AM Michael McWhertor | Kojima Productions stealth action game is still buttering the bread at Konami. During the company’s first half — ignore those “Q2″s, that’s all April to September stuff — gamers worldwide snatched up over 4 million copies of Metal Gear Solid 4, with total Metal Gear series sales amounting to 4.33 million. That’s more than a third of the Konami’s total game sales for the six month period, with the games division pulling in about $US950 million in revenue. Yeah, you should definitely expect a Metal Gear Solid 5. More »

THQ Delays Red Faction, Posts $114M Loss, Confirms Layoffs

9:40AM Michael McWhertor | Things have been tough for THQ over the past couple weeks, with delays, studio closures and a tumbling stock price making headlines. The company announced its quarterly results today which were, surprise, surprise, not too good. The publisher reported sales of $US164.8 million, down from $US229.3 million in the same quarter last year. More »

Activision Blizzard Loots $US711M In Sept. Quarter, Loses $US194M

6:40AM Michael McWhertor | In its first quarter as a combined company, Activision Blizzard raked in $US711 million for the three month period ending in September, the publisher announced today. That’s a big take prior to the holidays and bigger than the projected outlook, but still resulted in a loss of $US194 million for the company. More »

Nintendo Talks Profits, Sales, And Increased Wii Shipments

12:40AM Mike Fahey | Looks like Ashcraft’s information was right on the money! Along with the news that profits and sales skyrocketed during fiscal year 2008, Nintendo forecasts that shipments of the Nintendo Wii will increase to 25 million over the course of the next year, more or less in line with the 2.4 million a month estimate. The Wii enjoyed massive sales this year, with Nintendo shipping 18.6 million units for the 12 month period ending March 31st, bringing the worldwide total to 24.45 million units. Generally I would scoff at the whole shipped versus sold thing, but the last time I saw a Wii on store shelves was…actually I don;t think I’ve ever seen a Wii on store shelves. The console’s tiny folding friend is doing great as well, with 30.31 million DS systems shipped over the course of the year for a total of 70.6 million – and they’re expecting to ship 28 million more this year. The company enjoyed sales of 1.67 trillion yen, a leap of 73 percent over the previous year, with operating profits up 115.6 percent to 487 billion yen. Hit the jump for the annual Nintendo numbers festival! More »