Business

Microsoft Pitches Xbox One to Small Businesses

July 11, 2013 -

Microsoft thinks that every small business should spend money on an Xbox One.

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inXile Signs Distribution Deal with Deep Silver for Wasteland 2

July 11, 2013 -

Developer inXile Entertainment and publisher Deep Silver signed a distribution deal for inXile’s crowd-funded computer role-playing game Wasteland 2. inXile is developing Wasteland 2 and Torment: Tides of Numenera, both funded via highly successful Kickstarter campaigns. inXile Entertainment says that this deal allows the studio to focus on the creative aspects of developing the game, while Deep Silver will handle the retail release of the game and the physical good fulfillment for the Kickstarter backers.

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Linden Labs Acquires Desura

July 10, 2013 -

Linden Labs - best known for creating the sandbox virtual playground Second Life, has purchased digital distribution platform Desura for an undisclosed amount of money. Linden Labs did not say exactly why they purchased the platform, but one would guess that it was an easy way for the company to get into the business of digitally distributing games.

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Activision CEO Second Highest Paid Executive in America in 2012

July 1, 2013 -

A New York Times report detailing executive pay for the top companies in the United States shows an increase that the median 2012 pay package came in at $15.1 million a leap of 16 percent from 2011. But the more interesting aspect of the report is who is on top. It should be noted that when the NYT says executive pay that includes any bonuses, benefits and salary - and sometimes these bonuses are spread out over multiple years.

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Atlus at Risk as Parent Company's Future is Uncertain

June 27, 2013 -

Publisher Atlus has an uncertain future today as its parent company in Japan, Index, wrestles with what seems like an insurmountable amount of debt. According to a CNet Japan report, Index has filed for civil rehabilitation proceedings as it faces bankruptcy. The company owes an estimated ¥24.5 billion - roughly $224 million - in debt and its current president Ochiai Yoshimi has hinted that he will resign soon.

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Oculus VR Raises $16 Million for Virtual Reality Hardware

June 18, 2013 -

Oculus VR has secured $16 million in its first round of funding as the company moves towards bringing its virtual reality hardware technology to the masses. According to reports from Panodaily and AllThingsD the series A funding round was led by Spark Capital and Matrix Partners.

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BMO: Next-Generation Future Will Bring a Sustained Period of Growth

June 14, 2013 -

With E3 over, equity research firm BMO Capital Markets offers its perspective on all the big players and the industry as a whole going forward. According to BMO analyst Edward Williams the video games industry has earned an overall rating of "outperform." In a note to investors Williams says that the interactive entertainment industry is on the cusp of a "period of sustained growth."

Williams comes to this conclusion based on the press events this week at E3 which fully revealed two new consoles and a healthy line-up of games for them.

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Analyst: Sony Wins at E3

June 13, 2013 -

Robert W. Baird & Co. Incorporated analyst Colin Sebastian offered his E3 Expo wrap-up report to investors, saying the Sony's PlayStation 4 was the clear winner at the trade show which ends in a few hours.

Sebastian said that after meeting with multiple publishers and evaluating all of this year's E3 press conferences, his firm remains cautiously optimistic on the sector. He said that platform holders still need to offer a compelling reason to upgrade, and a clear value proposition for mainstream audiences.

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THQ Details Asset Sales Transactions in SEC Filing

June 6, 2013 -

In a FORM 8-K filing with the U.S. Securities and Exchange Commission (SEC), bankrupt game publisher THQ disclosed that certain transactions that were the result of a massive asset auction have closed. The company also disclosed particulars on the current employment of its interim president Edward L. Kaufman.

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Atari Seeks Permission to Hold Asset Auctions in July from Bankruptcy Court

May 23, 2013 -

Atari Inc., the US division of French parent company Atari S.A., has asked a U.S. bankruptcy court for permission to auction off its assets in July. The assets include the Atari logo, the Test Drive, Asteroids, Pong, Total Annihilation, and Rollercoaster Tycoon franchises.

Atari filed for bankruptcy in January and tried to solicit bids for its entire catalog, but the 15 offers it received were deemed unacceptable. Now the company hopes to divide its assets up and sell them separately in hopes of generating more cash to pay down its debtors.

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Sony Considers Suggestion for Entertainment Division IPO

May 22, 2013 -

Bloomberg is reporting that, under pressure from its shareholders, Sony executives and board members have decided to discuss billionaire Daniel Loeb’s proposal for an initial public offering of its entertainment business. Loeb's firm Third Point owns a fair share of Sony stock, giving him some influence over what Sony does.

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Report: Activision Blizzard Interested in Buying Back Some of Vivendi's Holdings in Company

May 15, 2013 -

Activision Blizzard majority stakeholder Vivendi is still interested in selling off the 61.2 percent it owns in the company but according to the Wall Street Journal, Activision Blizzard would like to buy back some of it. The WSJ reports that Activision Blizzard management is interested in using some of the cash reserves it has managed to stockpile to buy back at least some of what Vivendi owns. This is probably a good idea since Vivendi has been looking to offload its stake in the company since last year.

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Billionaire Hedge Fund Manager Encourages Sony to Spin Off Entertainment, Sell Insurance Divisions

May 14, 2013 -

An interesting story in the New York Times (as unearthed by Develop) reveals that a hedge fund manager that controls billions in investment in Sony has suggested that the company break up parts of the company.

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Report: TimeGate Lays Off Entire Staff

May 9, 2013 -

According to this Kotaku report citing two unnamed sources with knowledge of the situation, TimeGate Studios has laid off its entire staff. The developer behind Section 8 and the co-developer of Aliens: Colonial Marines sent everyone home early today according to the sources.

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TimeGate Studios Files for Bankruptcy Protection

May 2, 2013 -

Aliens: Colonial Marines co-developer and Section 8 developer TimeGate Studios has filed for Chapter 11 bankruptcy protection in Texas Southern Bankruptcy Court, according to court documents obtained by Polygon.

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More Than 10 Million Copies of Minecraft - Pocket Edition Sold To-Date

May 2, 2013 -

Minecraft developer Mojang announced that Minecraft - Pocket Edition for Android and iOS devices, has sold more than 10 million copies to-date. The portable version of Mojang's popular sandbox building game joins other versions of the game - PC and XBLA which have sold millions upon millions of copies to-date. It just goes to show that people never get tired of a game that is decent and is constantly updated by its creators.

"We are very thankful to all the support that we have gotten and people playing and talking about our game," said Mojang's Daniel Kaplan.

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Sony Executives to Give Back Bonuses for Second Year in a Row

May 2, 2013 -

According to this Bloomberg report Sony executives have agreed to forgo salary bonuses for the second year in a row following another year of less than stellar profits from the electronics giant. According to a Sony spokesperson (speaking to Bloomberg), around 40 of the company's executives will return bonuses scheduled to be paid out following a general shareholders meeting this June.

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T-Mobile Completes Acquisition of MetroPCS

May 1, 2013 -

The Associated Press is reporting that the country's fourth largest mobile carrier T-Mobile USA has completed the acquisition of rival mobile phone carrier MetroPCS. T-Mobile will add the company's estimated 9 million customers to its own 34 million users. While T-Mobile has no plans to make any immediate changes, the company does plan on shutting down MetroPCS’s network over the next two years.

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Bobby Kotick: The $65 Million Dollar Man

April 29, 2013 -

Update: A representative for Activision points out that Bloomberg has updated its original story, and that because Activision is a public company it has to account for compensation in the year it is granted, even though the amount of performance-based compensation Kotick would receive under the new agreement he signed in 2012 would be vested over a five year period. Here's the update from the Bloomberg story we sourced:

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EA Acknowledges Layoffs in Statement, Avoids Numbers

April 25, 2013 -

Electronic Arts released a short statement today confirming that layoffs are happening across the company on a worldwide basis, but did not give any specific details on any of its decisions in the last month:

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Report: German Browser Game Operator Travian Lays Off 60 Employees

April 24, 2013 -

German browser games operator Travian has laid off up to 60 employees due to "internal restructuring," according to a GamesIndustry International report - as reported by its German sister site. Multiple sources have confirmed the move with GII's German reporter during the Quo Vadis event, which is taking place this week in Berlin.

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Satoru Iwata to Absorb Nintendo of America CEO Role

April 24, 2013 -

With the current chairman of Nintendo of America, Tatsumi Kimishima, set to move over to his new position as managing director of Nintendo Co. Ltd. - assuming shareholders approve the move (which they likely will), Nintendo wants to move its global president Satoru Iwata into the role. More specifically he will absorb Kimishima's current responsibilities as the CEO of Nintendo of America. Nintendo of America president and COO, Reggie Fils-Aime isn't going anywhere, and will remain in his current positions, reporting directly to Iwata.

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Nintendo Records Fiscal Year Loss

April 24, 2013 -

Nintendo released its earnings report for the fiscal year ending March 31, 2013, revealing that it had taken a loss much like it did in the last fiscal year. Nintendo recorded a 36.4 billion yen operating loss ($366 million) for the fiscal year, with less than expected sales of the Wii U continue to have a "negative impact on Nintendo's profits." Thanks to a depreciation of the yen, Nintendo's net income was 7 billion yen ($71 million). Net sales for the year were forecast at 635.4 billion yen ($6.38 billion), down from the year before.

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Microsoft: Xbox Live Subscriptions Hit 48 Million

April 19, 2013 -

During its Q3 earnings report, Microsoft announced that Xbox live subscriptions have reached 46 million worldwide - an 18 percent increase from last year - and that it has sold 1.3 million consoles over the past three months - down nine percent from the same period a year ago. Microsoft's Entertainment and Devices Division revenues rose 56 percent to $253 million despite the drop in console sales.

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Capcom Revises FY Forecast Due to 'Special Loss' from Game Cancelations

April 18, 2013 -

Capcom is blaming development projects overseas for a revised financial forecast that takes into account a special loss due to game cancellations. The company said today that it will take a $73 million hit from cancelling various projects. The company also said that it will be making more of its games in-house due to a "drop in quality" from outsourcing projects to Western studios...

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IBM Executives to Lobby Hard for CISPA

April 15, 2013 -

According to The Hill, IBM - as a strong supporter of the Cyber Intelligence Sharing and Protection Act (CISPA) - will send over 100 executives to Washington D.C. to hold nearly 300 meetings with lawmakers over a two-day period.

"We’re going to put our shoe leather where our mouth is," Chris Padilla, vice president of governmental affairs at IBM, told The Hill.

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Zynga CEO Takes $1 Salary for 2013

April 5, 2013 -

Zynga CEO Mark Pincus will take a salary of just $1 in 2013, according to Inside Social Games. We're not sure if this move by the social game giant's CEO is a publicity stunt to garner good will or not, but it's certainly a bold move by Pincus.

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SCE Consolidates Operations in Asia

April 1, 2013 -

Sony Computer Entertainment Japan and Sony Computer Entertainment Asia have been consolidated into one business unit operating within Sony, according to this press release - as uncovered by Kotaku. The combined operation will now be called Sony Computer Entertainment Japan Asia.

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The Foundry Group Invests in New Harmonix IP

March 27, 2013 -

Harmonix has secured funding for three of its upcoming products from Colorado-based capital venture firm The Foundry Group, according to Polygon. The firm generally invests in companies that are in the business of "human computer interaction," and its last high profile investment land at Zynga.

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Puzzle & Dragons GungHo Acquired by SoftBank

March 26, 2013 -

In late January we reported that GungHo Group had acquired Suda 51's studio Grasshopper Manufacture. In late February the Japanese mobile publisher revealed staggering sales figures: it reported it had generated around $65 million during January - or about $2 million dollars a day - from a single game: Puzzle & Dragons.

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Is King right? Should all games adopt the free-to-play model?:

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MaskedPixelanteNumber 3: Night Dive was brought to the attention of the public by a massive game recovery, and yet most of their released catalogue consists of games that other people did the hard work of getting re-released.04/17/2014 - 8:46pm
MaskedPixelanteNumber 2: If Humongous Entertainment wanted their stuff on Steam, why didn't they talk to their parent company, which does have a number of games published on Steam?04/17/2014 - 8:45pm
MaskedPixelanteNumber 1: When Night Dive spent the better part of a year teasing the return of true classics, having their big content dump be edutainment is kind of a kick in the stomach.04/17/2014 - 8:44pm
Matthew Wilsonhttp://www.giantbomb.com/articles/jeff-gerstmann-heads-to-new-york-takes-questions/1100-4900/ He talks about the future games press and the games industry. It is worth your time even though it is a bit long, and stay for the QA. There are some good QA04/17/2014 - 5:28pm
IanCErm so they shouldn't sell edutainment at all? Why?04/17/2014 - 4:42pm
MaskedPixelanteNot that linkable, go onto Steam and there's stuff like Pajama Sam on the front-page, courtesy of Night Dive.04/17/2014 - 4:13pm
Andrew EisenOkay, again, please, please, PLEASE get in a habit of linking to whatever you're talking about.04/17/2014 - 4:05pm
MaskedPixelanteAnother round of Night Dive teasing and promising turns out to be stupid edutainment games. Thanks for wasting all our time, guys. See you never.04/17/2014 - 3:44pm
Matthew WilsonAgain the consequences were not only foreseeable, but very likely. anyone who understood supply demand curvs knew that was going to happen. SF has been a econ/trade hub for the last hundred years.04/17/2014 - 2:45pm
Andrew EisenMixedPixelante - Would you like to expand on that?04/17/2014 - 2:43pm
MaskedPixelanteWell, I am officially done with Night Dive Studios. Unless they can bring something worthwhile back, I'm never buying another game from them.04/17/2014 - 2:29pm
PHX Corphttp://www.msnbc.com/ronan-farrow/watch/video-games-continue-to-break-the-mold-229561923638 Ronan Farrow Daily on Video games breaking the mold04/17/2014 - 2:13pm
NeenekoAh yes, because by building something nice they were just asking for people to come push them out. Consequences are protested all the time when other people are implementing them.04/17/2014 - 2:06pm
Matthew Wilsonok than they should not protest when the consequences of that choice occur.04/17/2014 - 1:06pm
NeenekoIf people want tall buildings, plenty of other cities with them. Part of freedom and markets is communities deciding what they do and do not want built in their collective space.04/17/2014 - 12:55pm
Sora-ChanI realize that they have ways getting around it, but one reason might be due to earthquakes.04/17/2014 - 4:42am
Matthew WilsonSF is a tech/ economic/ trade center it should be mostly tail building. this whole problem is because of the lack of tail buildings. How would having tail apartment buildings destroy SF? having tail buildings has not runed other cities around the US/world04/16/2014 - 10:51pm
Matthew WilsonAgain the issue is you can not build upwards anywhere in SF at the moment, and no you would not. You would bring prices to where they should have been before the market distortion. those prices are not economic or socially healthy.04/16/2014 - 10:46pm
ZippyDSMleeYou still wind up pushing people out of the non high rise aeras but tis least damage you can do all things considered.04/16/2014 - 10:26pm
ZippyDSMleeANd by mindlessly building upward you make it like every place else hurting property prices,ect,ect. You'll have to slowly segment the region into aeras where you will never build upward then alow some aeras to build upward.04/16/2014 - 10:25pm
 

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