Business

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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'All You Can Arcade' Offers Arcade Game Machines for $75 a Month

August 12, 2013 -

Seth and Timothy Peterson have come up with an interesting business idea for California: an arcade game rental service that charges a monthly fee to get classic arcade game cabinets in the hands of classic arcade gaming aficionados. The San Francisco-based company is called "All You Can Arcade," and lets customers rent such arcade classics as Tron, Ms. Pac Man, and Donkey Kong for $75 a month. The brothers launched the service last month.

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Trion World Closes San Diego Office, Shifts Defiance Development to Redwood City

August 9, 2013 -

On the same day that Trion Worlds, makers of the Defiance MMO, announced that Scott Hartsman was the new CEO, it shut down its San Diego office. The lion's share of the work being done at the San Diego office was related to Defiance. Trion Worlds confirmed the shutdown of the studio and that development on Defiance would be moved to its Redwood City office.

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Sony Rejects Plan to Spin Off Entertainment Into Separate Division

August 6, 2013 -

The Sony board has rejected a proposal by Third Point LLC CEO Daniel Loeb - one of Sony's largest investors - that would have spun off 20 percent of its entertainment divisions into a separate entity. The board's rejection of the idea was unanimous. A letter to Third Point from Sony expressed that the company sees value in owning entertainment content in this connected, digital age. Sony also told Third Point in its letter that maintaining total ownership of its divisions encourages "internal collaboration and efficiency."

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Report: Zynga Rebuffed Offers to Buy OMGPOP.com

August 6, 2013 -

Social game giant Zynga will close OMGPOP.com despite the fact that the original team behind it offered to buy the games portal in hopes of retaining its userbase and content. According to Eurogamer, several former OMGPOP staff members offered Zynga an undisclosed amount of money in order to keep it open, but Zynga rebuffed those offers.

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Report: Twenty Companies Including Sega Interested in Buying Atlus

August 5, 2013 -

Sega is one of twenty companies interested in buying out Atlus from Japanese parent company Index Holdings, according to a Blomberg Japan report (by way of CVG). Index Holdings purchased Atlus in 2006, but last month was forced to file for bankruptcy in the Tokyo District Court for over millions of dollars in debts it faced.

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Shareholder Sues Activision Blizzard Execs Over Vivendi Buy Back Deal

August 2, 2013 -

Activision Blizzard shareholder Todd Miller filed a derivative lawsuit on Thursday against the company and other parties associated with an $8.17 billion deal to buy back a controlling interest from major stakeholder Vivendi. In his lawsuit filed in Superior Court, Miller claims that the deal to buy back stock from Vivendi gives "insiders" a windfall of more than $600 million on the discounted sale of stock from Vivendi, while Activision Blizzard shareholders get no enrichment from the deal.

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Editorial: Fear of Economic Development Projects After 38 Studios Deal

August 2, 2013 -

Laurie White (president of the Greater Providence Chamber of Commerce) and Michael Sabitoni (president of the Rhode Island Construction and Building Trades Council) teamed up to pen an op-ed in the Providence Journal to warn lawmakers and the public that what happened with 38 Studios should not cast aspersions of future state investments into other industries.

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Three More Executives Leave Zynga

July 30, 2013 -

Three more executives have left Zynga this month, according to a GII report. The latest executives to exit stage left include Jesse Janosov, Vice President of casino gaming; and John Osvald and Nathan Etter - who are both Vice Presidents in the games division.

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BMO Capital Markets Weighs in on Activision Blizzard-Vivendi Buyback Plan

July 26, 2013 -

BMO Capital Markets analyst Edward S. Williams says that Activision Blizzard's plan to buy back its shares from Vivendi is a good thing and has reiterated his firm's rating of "outperform." Last night Activision Blizzard announced that - with its own cash on hand and investments from outside sources - it would buy back a total of 601 million shares from Vivendi to the tune of $8.2 billion.

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CEO Robert Kotick Leads $8.2 Billion Activision Blizzard Buyout

July 26, 2013 -

Activision Blizzard announced that it will purchase approximately 601 million shares from Vivendi to the tune of $8.2 billion with the help of outside investments. There had been some talk that Vivendi would force Activision into giving Vivendi a special dividend of $2 - $3 billion to raise funds for paying down debt. Vivendi currently holds a controlling stake in the Call of Duty and World of Warcraft publishers, but this plan would make Activision an independent entity again.

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Warner Bros. to Publish The Witcher 3 in North America

July 25, 2013 -

Warner Bros. has secured the rights to publish CD Projekt Red's next game in The Witcher series in North America. Warner Bros. Interactive Entertainment will distribute and promote The Witcher 3: Wild Hunt in North America. We assume this includes all versions of the game except on digital distribution platforms such as Steam and Good Old Games.

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Poll

Will the FCC preempt state laws that limit municipal broadband services?:

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PHX CorpI'm going to do a test stream later today, if anyone is intrested07/31/2014 - 2:40pm
Andrew EisenYes, I'm such a big Nintendo dork that I read Nintendo's quarterly financial reports.07/31/2014 - 2:09pm
Andrew EisenCool tidbit - Mario Kart 8 sales account for more than half of total Wii U software sales for the last quarter even though it was only available for the last third.07/31/2014 - 2:09pm
Andrew EisenStill a pretty cool promotion. Unfortunately for me, I'm not interested in purchasing Mario Kart 8 and I already owned or didn't want any of the free games on offer.07/31/2014 - 1:43pm
Andrew EisenInteresting that EU had 10 games to choose from while North America only had four.07/31/2014 - 1:41pm
MaskedPixelanteIt certainly worked, I probably would never have bought Mario Kart 8 if it didn't come with a free copy of Wind Waker HD.07/31/2014 - 1:14pm
Andrew EisenI imagine will see similar promotions like "Buy Mario Kart 8 get a download code for one of these specific games" but almost certainly not for all of its (however you would define) biggest releases.07/31/2014 - 11:24am
MaskedPixelanteI wonder if Nintendo is going to be doing "buy one get one free" promos for all their biggest releases going forward.07/31/2014 - 10:48am
MaskedPixelantehttp://www.mcvuk.com/news/read/special-report-retail-revolt-over-pc-code-strippers/013614007/31/2014 - 8:27am
ZippyDSMleeWouldn't they be able to afford and get done in a timely manner a general gba emluator for the 3DS? It seems to me if they want to make money off sales they need to do it.07/31/2014 - 7:25am
Sora-ChanAmbassador program, that's what I was looking for. Anyway the other games that have been made no longer exclusive to the early adopters got updates in their software. It'll only be a matter of time more than likely for the GBA to get the same treatment.07/31/2014 - 5:35am
Sora-ChanI might be naming it incorrectly when I say "founder" i mean the program for earlier adopters.07/31/2014 - 5:34am
Sora-Chanthe 3DS's GBA emulator was a rush job due to the founder program. No other GBA titles have been released on the 3DS yet. If/When they do get around to it, they'll more than likely update the emulation software.07/31/2014 - 5:32am
Zenemulator...it's not just a slap job that makes "some" work..they do it for each which is why they work so well. I would rather have the quality over just a slap job.07/30/2014 - 5:48pm
ZenMatthew there is a difference between "worked" and "accurate". You play the Nintendo VC titles they play as damn close to the original as possible. The PSP would just run them as best they could, issues and all. And Masked...EACH VC title has their own07/30/2014 - 5:48pm
MaskedPixelanteOnce again, the 3DS already HAS a GBA emulator, it just can't run at the same time as the 3DS OS.07/30/2014 - 4:54pm
Matthew Wilsonyou cant street pass in ds mode ether, and if moders can make a gba emulator that runs very well on the psp as I understand it. you are telling me that Nintendo devs are not as good as moders?07/30/2014 - 4:49pm
Zenperformance. Halo 1 and 2 worked great because they actually did custom work on each of them...just like Nintendo does now lol07/30/2014 - 4:08pm
Zenexisting hardware while the GBA has to be emulated completely. Same reason the 360 couldn't run most Original Xbox games correctly, or had issues because they just did "blanket approach" for their emulation which led to game killing bugs or horrible07/30/2014 - 4:07pm
ZenSora/Matthew: It's not just Miiverse, but the whole idea of streetpass and things like that would be affected if the OS is not running. And just because a 3DS game can be downloaded and run does not mean that GBA can as easily. Those 3DS games use the07/30/2014 - 4:06pm
 

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