Time for a quick post-Christmas update on Free Radical. As we reported when the whole fiasco started, Free Radical didn’t—and now likely won’t—shut down, but had entered administration. Cameronn Gunn, one of the administrators at ReSolve, the firm investigating the studio, spoke to 1UP recently, telling them, “We made around 140 employees redundant yesterday, effective [...]
Continue reading...Tuesday, December 23, 2008
If you’re still hoping the rumors of a big PS3 price cut in early 2009 are true, you may want to reconsider. According to iSuppli's most recent analysis, Sony is still losing money on every PS3 sold—but they're steadily getting closer to the break-even point.
Continue reading...Saturday, December 20, 2008
A while back, EA made a bid to acquire Take-Two, and ultimately nothing came of it. Well, almost nothing. According to All Things Digital, the Securities and Exchange Commission has busted an insider trading ring that included traders making bank on the failed deal. The SEC says that Matthew Devlin, formerly a Lehman Brothers broke, gained [...]
Continue reading...Wednesday, November 5, 2008
In a conference call conducted earlier today, the top brass from Activision Blizzard spoke to investors and listeners about the company's recent performance and future plans. The recently merged publishing superpower had an extremely bold outlook to declare, citing strong sales of Guitar Hero: World Tour, the continually excellent performance of Call of Duty 4, [...]
Continue reading...Friday, October 24, 2008
It's the kind of story that has us all consulting our thesauri for appropriate superlative terms. According to a story in Variety, Legendary Pictures is in talks with Epic Games, which may lead to the movie production company acquiring the game developer. As Variety points out, the two companies are already collaborating on the Gears [...]
Continue reading...Friday, September 19, 2008
As we noted earlier today, it seems like every game company under the sun has been issuing release dates for their triple-A, big-budget, must-own titles. A number of these releases are coming earlier than expected, with several games arriving in October or November rather than later in the holiday season. This is great news, from [...]
Continue reading...Monday, August 18, 2008
Holy sweet mother of Strauss Zelnick! Is it the Ragnarök? Does this spell the end for all mankind? Probably not, but this may actually spell the end for one of the industry's longest-running potential takeovers. EA announced this morning that they would be allowing their longstanding tender offer for shares of Take-Two Interactive to expire [...]
Continue reading...Monday, June 16, 2008
Good/Bad news, Atari investors: For the fourth fiscal quarter of 2008, and for the year-end of March 31, Atari lost/made significantly less money than last year. This is an encouraging/disappointing report for optimists/pessimists who were hoping to see a change in the company's downfall/resurgence. Treat yourself to a steak/instant noodles! Atari will not be holding a [...]
Continue reading...Tuesday, May 27, 2008
Over the weekend, Square Enix released the company's financial results from fiscal year 2007, and the results aren't good. The company sold a little over 2 million fewer units in 2007 than it did during 2006. That does not bode well for the company, and it helps explain the focus on alternate business models. According [...]
Continue reading...Thursday, May 22, 2008
Another publisher is reporting a terrific year of sales, profits, and big honking piles of cash. This time, it's Ubisoft's turn to crow, as based on the 2007-2008 fiscal results they have released, spotted over at Next-Gen. The upshot for the French software giant: 928.3 million euros in sales (at current exchange rates, that's $1.5 [...]
Continue reading...
Friday, December 26, 2008
0 Comments