Business

Index Corporation Chairman and President Arrested for Filing Doctoroed Earnings Reports

May 28, 2014 - GamePolitics Staff

According to a report in Nikkei, Index Corporation chairman Masami Ochiai and his wife, Index president Yoshimi Ogawa, have been arrested by authorities in Tokyo, Japan on allegations that they falsified earnings reports. In case you don't know, Index Corporation owned Atlus at one time, but was bought and split from the publisher of Tactics Ogre, Disgaea, Steambot Chronicles, Trauma Center, the Persona series, and many other popular Japanese games.

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GameStop Revenue Up Seven Percent

May 23, 2014 - GamePolitics Staff

Video game retailer GameStop reported earnings for the quarter ended May 3, last night after the closing bell. The retailer posted $2 billion in revenue, up 7 percent compared to the $1.87 billion it made in the same period a year ago. The company reported a profit of $68 million, an increase of roughly 24.5 percent compared to last year's net earnings of $54.6 million.

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Vivendi Selling $866 Million in Activision Blizzard Stock

May 22, 2014 - GamePolitics Staff

French media conglomerate Vivendi announced this morning its plans to sell half of its stake in video game publisher Activision Blizzard. This latest sale of holdings in the company will likely be used to pay down debts and focus its business on its music and media properties. Last month the company agreed to sell its SFR mobile phone unit in France to Altice and a controlling stake in African telecommunications company Maroc Telecom to Etisalat last year.

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Google Glass Engineer Joins Oculus

May 19, 2014 - GamePolitics Staff

A former Google employee and the lead engineer on Google Glass has left the company to join virtual reality headset maker Oculus VR. Adrian Wong was senior hardware engineer of the Explorer Edition of Google Glass prior to joining Oculus.

During his time at Google, Wong was responsible for a number of duties on the Explorer Edition, including working on hardware prototypes and display subsystem design and architecture.

Wong was also hardware engineering manager of the Consumer Edition of Google Glass.

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Report: YouTube in Buyout Talks With Twitch

May 19, 2014 - GamePolitics Staff

Rumors are circulating that Google's YouTube video service is in talks to buy out streaming service Twitch. According to reports in the Wall Street Journal and Variety, those talks are still in the preliminary stages. The deal is rumored to be worth $1 billion to Twitch if it comes to fruition.

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Najafi Subsidiary Acquiring JVC Americas Corp. Games Division

May 14, 2014 - GamePolitics Staff

Phoenix-based Najafi Cos. announced that its Toronto-based Cinram Group is expected to close the deal for JAI, the games software division of JVC Americas Corp. The deal is excepted to be complete within 30 days. Financial terms of the deal were not disclosed. JAI provides manufacturing and fulfillment for software and video-game publishers, as well as turnkey solutions for packaging, shipping and inventory management.

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Poll Results: Should Kickstarter Adopt an Equity-Based Investment Model?

May 14, 2014 - GamePolitics Staff

In last week's poll we asked our readers, "Should Kickstarter adopt an equity-based investment model?." A majority of voters - 58 percent - said that it should be an available option to project creators. Around 31 percent said that offering equity based funding to Kickstarter was a bad idea all around. Finally, 10 percent said that it was a good idea. Kickstarter said last week that it had no plans to use that type of model for its crowd-funding services.

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RI Gov. Chafee: The State Must Pay Down 38 Studios Loan Debt

May 14, 2014 - GamePolitics Staff

Even as an analyst appointed by Rhode Island Gov. Lincoln Chafee prepared to brief lawmakers on its findings about what would happen if the state fails to make payment on the 38 Studios loan debt, the Governor is taking his case to the public airways. Speaking to WPRI, Chafee reiterated his position on defaulting on the 38 Studios loan deal bonds.

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Standard & Poor's Puts Rhode Island on 'Negative Watch' Over 38 Studios Loan Payment Uncertainty

May 13, 2014 - GamePolitics Staff

If lawmakers in the state of Rhode Island decide sometime in the future not to pay down the debt associated with the 38 Studios loan, the entire state could end up getting a bad credit rating, which in turn could affect its ability to borrow for important projects.

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Report: Sony Execs to Take Pay Cut, Forgo Bonuses

May 13, 2014 - GamePolitics Staff

Prior to Sony reporting its consolidated results for the fiscal year ending March 31, CEO Kazuo Hirai and other executives will not be taking bonuses this year, according to the Wall Street Journal.

They may also take a 50 percent pay cut this year, according to the report. Sony's exit from the PC business as well as consumer disinterest in physical media such as DVDs and Blu-ray discs are the main reason for these reductions in pay and bonuses.

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King.com Reveals Record Q1 FY 2014 Revenues

May 7, 2014 - GamePolitics Staff

In its first earnings report as a publicly traded company Candy Crush Saga maker King.com reported revenue of $606.7 million for the first fiscal quarter of 2014. The company claims that it currently has 143 million active users participating in its games on a daily basis. King's profits reached $127.2 million and mobile gross bookings for the quarter reached a record quarterly high of $480 million.

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Rovio Reveals 'LVL 11' Publishing Label

May 7, 2014 - GamePolitics Staff

Rovio, who is already operating a third-party publishing label called Rovio Stars, revealed another publishing label called Rovio LVL 11. The new label is apparently for internal games that don't quite fit in with Rovio's overall brand.

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Activision to Spend $500 Million on 'Destiny' Series

May 6, 2014 - GamePolitics Staff

Activision has set aside $500 million in total to develop, manufacture and promote the Bungie's Destiny series. That big number was revealed by Activision chief executive Bobby Kotick at the Milken conference in LA, as reported on by Reuters.

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Sony Forecasts a Net Loss of $1.3 Billion for Fiscal Year 2013

May 1, 2014 - GamePolitics Staff

Sony announced today that it expects to report a net loss of 130 billion yen ($1.3 billion) for the 12 month period that ended on March 31, 2014. That compares with a loss of 110 billion yen ($1.1 billion) forecast in February, a reduction from its October 2013 projection of a 30 billion yen ($294 million) profit. Sony won't report its consolidated results for the fiscal year until May 14, but it published a preliminary earnings report on Thursday to get investors prepared for the news.

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Glu Mobile Acquires PlayFirst

May 1, 2014 - GamePolitics Staff

Glu Mobile has acquired Diner Dash maker PlayFirst, according to this GII report. The transaction is expected to close this month. Glu Mobile bought the company by offering PlayFirst shareholders 3 million shares of the company's common stock and by taking on $3.55 million of PlayFirst's debt.

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Rovio Profits Down by 52 Percent in FY13

April 28, 2014 - GamePolitids Staff

Angry Birds maker Rovio may have spent too much time focusing on its number one hit game franchise. According to this Gamasutra report, Rovio's profits were cut by more than 50 percent during the 2013 fiscal year.

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Microsoft Completes Acquisition of Nokia

April 28, 2014 - GamePolitics Staff

Microsoft has finally completed its acquisition of mobile phone maker Nokia. The completion of the acquisition follows approval from Nokia shareholders and various governmental regulatory agencies around the world. Microsoft announced on Sept. 3 of last year that it intended to acquire Nokia for a total of $7.5 billion in cash. The deal consisted of approximately $5 billion and an agreement to license Nokia's patents for $2.17 billion.

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Free Press Offers Tips on How to Speak Out on Net Neutrality

April 25, 2014 - GamePolitics Staff

Advocacy group Free Press is not happy about the FCC's future changes to the Open Internet Order of 2010. They have several useful links that will make it easier for you to let your voice be heard at the FCC and multiple articles on why FCC Chairman Tom Wheeler's proposal will do more harm than good to Net Neutrality.

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Zynga Reports Q1 Loss of $61 Million

April 24, 2014 - GamePolitics Staff

Social and mobile game maker Zynga reported a first-quarter loss of $61 million, compared to a $25 million loss from its previous quarter and a profit of $4 million the same period a year ago. Zynga also announced that its founder Mark Pincus, who had already stepped down as its chief executive officer, would leave his role as chief product officer, basically ending his executive duties at the firm. Pincus remains the chairman of the board.

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NetEase Licenses 'Heroes of the Storm' for Mainland China

April 22, 2014 - GamePolitics Staff

Blizzard Entertainment, Inc. and NetEase have inked an agreement to license Blizzard Entertainment's Heroes of the Storm to a NetEase-affiliate in mainland China for a term of three years. Heroes of the Storm is Blizzard's upcoming free-to-play, online team brawler featuring heroes from more than 20 years of Blizzard gaming history. Gamers will be able to play some of their favorite characters from the Warcraft, StarCraft, and Diablo universes, and team up with friends to battle other teams online.

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Netflix Publicly Opposes Comcast-TWC Merger, Announces Rate Hike for New Customers

April 22, 2014 - GamePolitics Staff

Last week Senator Al Franken (D-Minn.) sent a letter to entertainment streaming service Netflix asking the company to weigh in on the proposed merger between Comcast and Time Warner Cable. This week Netflix gave its opinion... to shareholders.

"If the Comcast and Time Warner Cable merger is approved, the combined company’s footprint will pass over 60 percent of U.S. broadband households," Netflix CEO Reed Hastings wrote in a letter to shareholders, adding, "Comcast could control high-speed broadband to the majority of American homes."

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Perfect World to Buy 30 Million Shares in Shanda Games

April 21, 2014 - GamePolitics Staff

China-based MMO developer and publisher Perfect World Entertainment announced this morning that it has entered into an agreement to purchase more than 30 million shares of Chinese MMO outfit Shanda Games Limited for $100 million in cash.

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NCSoft Invests $4.8 Million in Lezhin Entertainment

April 17, 2014 - GamePolitics Staff

Online game maker NCsoft has invested an estimated $4.8 million in South Korean web comics firm Lezhin Entertainment, according to GII.

NCsoft said that the ₩5 billion ($4.8 million USD) investment in Lezhin will offer opportunities to leverage its IP in new ways, and that it will also allow Lezhin to leverage its portfolio of intellectual property for creating interactive entertainment.

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Sony Unloads Holdings in Square Enix

April 16, 2014 - GamePolitics Staff

Sony Computer Entertainment announced this morning that it has sold all of its holdings - its entire 9,520,000 shares - in Square Enix to SMBC Nikko Securities. An income of nearly 4.8bn yen will be marked down in Sony's financial report for the year ending 31st March 2015, with the exact sale price of the shares to be revealed tomorrow. Sony's annual financial report for the year ending March 31, 2014 will be released on May 14 and will likely contain a forecast for the year ahead that will include the sale of the shares.

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CCP Games Records FY13 Loss

April 15, 2014 - GamePolitics Staff

CCP Games recorded a loss of over $21 million for financial year 2013, the company announced today. This is a major decline from a profit of $4.6 million in the previous year. Revenues for the company rose to $76.7 million from $56.3 million. So what caused the massive drop for 2013? According to CCP, a massively increased R&D budget. That budget climbed from $16.5 million in FY 2012 to $56.5 million in FY 2013. The costs are likely related to the development of Eve: Valkyrie, Eve Online, Dust, and costs related to the now cancelled World of Darkness MMO.

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Capcom Spending $79 Million on New R&D Facilities

April 14, 2014 - GamePolitics Staff

Capcom announced that it is building two new research and development facilities in Osaka, Japan. The cost of these new facilities is estimated at around eight billion yen, or $79 million. Construction of the first building (R&D Building S) began in May of 2013 and is expected to be completed by January 2015 at a cost of 2.5 billion yen, or $24.6 million. Construction on the second building (R&D Building N) began this month and is expected to be completed in February 2016 at a cost of 5.5 billion yen, or $54.1 million.

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Poll Results: How Will Oculus Rift Be Affected By Facebook's Acquisition of the Device?

April 9, 2014 - GamePolitics Staff

Last week we asked our readers, "How Will Oculus Rift Be Affected By Facebook's Acquisition of the Device?" A slim majority of our readers believe that the Facebook acquisition of the popular VR gaming technology company is very bad news.

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Wargaming to Invest $10 Million in Support of eSports

April 4, 2014 - GamePolitics Staff

Wargaming CEO Victor Kisyli has pledged that his company will invest $10 million into improving and developing features that support eSports in 2014. At a press conference in Warsaw, Poland, Wargaming CEO Victor Kisyli said that there has been a huge upswing of interest in World of Tanks for eSports in the last two years. In 2012, 30,000 pro players took part in 120 World of Tanks tournaments, while in 2013 that number climbed to 200,000 players across more than 1,000 World of Tanks tournaments, according to Wargaming's calculations.

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'Diablo 3: Reaper of Souls' Sales Hit 2.7 Million Mark

April 3, 2014 - GamePolitics Staff

Activision Blizzard announced today that its first expansion for Diablo 3 is selling like hotcakes. Diablo 3: Reaper of Souls topped 2.7 million units in the expansion's first week of availability, according to Activision Blizzard.

The data is based on internal company sales tracking and reports from key distribution partners. We assume that these numbers also include digital direct-to-consumer sales by Blizzard.

Diablo 3's first expansion pack launched on PC and Mac on March 25.

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Atlus and Index Officially Break Up

April 2, 2014 - GamePolitics Staff

In late February Sega announced that it would split Atlus away from its parent company, Japan-based Index. Sega acquired the original North American publisher of Tactics Ogre, Disgaea, Steambot Chronicles, Trauma Center, the Persona series, and many other popular Japanese games in September 2013 in a deal that cost the company an estimated $140 million.

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DocMelonheadBecause of Backpedaling, that's way. Everyone doing it you Nutpicker.08/03/2015 - 11:04pm
DocMelonheadAlso, if you mean by "if it's eithnics in video games, bigotry should not be tolerated" then guess what, all the sarkeesian haters weren't welcome. In fact, they should fight against bigotry in all form.08/03/2015 - 11:03pm
IronPatriotDoc Melon, your post no longer says "no one is ethical." Why?08/03/2015 - 11:03pm
IronPatriotDocMelon, you said "no one is ethical." Did you just CENSOR your own post?08/03/2015 - 11:02pm
DocMelonheadBut yeah, continue laughing at ALL the supporters of Harassment, because that what Gamergate is to you: Harassment. Because you find people who are in denial of their bigotry hilarious.08/03/2015 - 10:59pm
DocMelonheadIf Total Biscuit's a bigot, then he could've got a divorce by now.08/03/2015 - 10:58pm
DocMelonheadA Game Politic Journalist is interviewing KiA as of right now and have no access on the Other side due to his ban at GamerGhazi08/03/2015 - 10:57pm
DocMelonheadhttps://www.reddit.com/r/AgainstGamerGate/comments/3f69sd/hi_im_the_guy_interviewing_gamergate_right_now/08/03/2015 - 10:56pm
DocMelonheadAlso you keep on replying as if you wanted to prove that Total Biscuit have no input because he harass Sarkeesain through defamation. Also take a look at this:08/03/2015 - 10:55pm
IronPatriotDocMelon, are you saying that Andrew Eisen is NOT an ethical journalist?08/03/2015 - 10:53pm
IronPatriotSo if Gamergate was actually about ethics, gamergaters would condemn TotalBiscuit. Right?08/03/2015 - 10:52pm
DocMelonheadI didn't said he was ethical you harassing fool. Why the hell are you attacking Total Biscuit anyways? He's a commentator for christ sake.08/03/2015 - 10:52pm
IronPatriotBecause if TB's informational videos are full of lies, then TB is guilty of bad ethics in game journalism. Right?08/03/2015 - 10:52pm
IronPatriotSo now that you know you cannot defend TotalLYINGbiscuit as merely only "parroting" pro-gamergate lies against gamergate victims like Sarkeesian, please explain how TB is ethical.08/03/2015 - 10:51pm
DocMelonheadWell good for you for pointing that out that Total Biscuit lies about everything.08/03/2015 - 10:50pm
IronPatriotDocmelon admits "DocMelonhead: Iron Patriot, I have no proof, I got no evidence" for his false claim defending TotalLYINGbiscuit. Thank you for finally being honest.08/03/2015 - 10:49pm
DocMelonheadFace it, going through your collection of articles to prove that gamergate is a cover for harassment ain't going to cut it to those who believe said movement can be salvage.08/03/2015 - 10:48pm
DocMelonheadOr all you wanted to see is counter proof that GamerGate is a Bigot campaign against Social Justice Studies in Video games? Either way, It's no wonder you got banned back then.08/03/2015 - 10:43pm
DocMelonheadI said that as a belief because the lie that Anita Sarkeesian is a Hack is very common among the skeptics. Also why the well do you dehumanize Total Biscuit anyways? Do you have a grudge against gamergate?08/03/2015 - 10:42pm
DocMelonheadIron Patriot, I have no proof, I got no evidence, hell the main reason I said that is because I hate your aggressiveness. All I said is that I believe that Total Biscuit regurgitate the same belief that Anita Sarkeesisan's a fraud08/03/2015 - 10:37pm
 

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