financial
News
GameStop Doesn’t Report Record Holiday Sales
3:00AM Mike Fahey | After years of record-breaking holiday sales, GameStop reports its second-highest holiday sales ever, citing economic weakness, item shortages and winter storms as reasons for the lack of upward momentum. More »
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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 »
Take-Two Takes $15 Million Loss For The Quarter, Half-Billion Sales Increase For Year
8:00AM Michael McWhertor | Sales were up at Take-Two Interactive, thanks to sales of games like Grand Theft Auto IV and Midnight Club: Los Angeles, but the publisher saw losses also increase to the tune of $15 million. More »
Ubisoft Makin’ Money, Teasin’ Assassin’s Creed 2
8:40AM Michael McWhertor | Publisher Ubisoft brought us up to speed on its financial performance today, tallying up first-half sales of €344.5 million ($684 million). CEO Yves Guillemot also confirmed that the next Assassin’s Creed was in development.
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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 »
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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 »
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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 »
News
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 »
Midway Had A ‘Bad Day’ On Wall Street
11:00AM Michael McWhertor | Midway isn’t the only company feeling the pinch in these troubled economic times, but yesterday they were hit especially hard, according to Forbes. The company’s stock hit a 52-week low today, losing 12% of its market value, with owner Sumner Redstone facing the possibility of selling more assets to help keep it afloat. More »
