Funcom, the Norway-based publisher and developer of the forthcoming Conan MMO, released financial details from the company's first quarter. In the period, based on the earnings before interest and taxes (EBIT), the company lost $3.13 million. This figure is up from a loss of $1.21 million during the same period in 2007. When tax was [...]
Continue reading...Friday, May 9, 2008
Reuters is reporting that Electronic Arts has secured a billion dollars in loans from Morgan Stanley, among others, in order to finance its ongoing efforts to acquire Take-Two Interactive. EA's bid, still standing firm at roughly $2 billion, has been on the table for three months now, and has seen increasingly bold tactics on both [...]
Continue reading...Monday, May 5, 2008
Midway announced its first quarter results, and the news is mixed. Although the company showed sales above estimates at $29.9 million, Midway also posted a loss of $34 million, up from a loss of $19.8 million last year. The only American release during this quarter, however, was the Stranglehold expansion pack. It wasn't too long [...]
Continue reading...Thursday, May 1, 2008
Nintendo president Satoru Iwata, following a recent financial briefing, engaged in a prolonged Q&A with curious attendees. Spotted over at IGN, the full Q&A reveals Iwata's thoughts and predictions for a number of crucial Nintendo issues.
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Tuesday, May 13, 2008
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