Category Archives: Majesco

Majesco has released its financial results for its first quarter of fiscal 2013. For the period ending on January 31, net revenues came in at $23.5 million, which is down 65% compared to $66.2 million year-over-year. Net loss for Q1 was $2.1 million compared to net income of $7.7 million during Q1 of fiscal year 2012.

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Majesco is being threatened, once again, with a delisting by Nasdaq. The issues is the firm’s stock has been under $1 for over 30 days. It now has 180 days to common stock prices to at the very least $1 for 10 business days in a row, or, it will be delisted. The firm was warned in January 2013, and had to re-enlist itself back in February 2011. Thanks, Joystiq.

In the wake of its decent but not spectacular quarterly and annual financial release yesterday, Zumba publisher Majesco’s stock price has taken a beating, dropping 29% over one day to just 74¢ per share. The stock drop was probably triggered by the publisher’s inability to provide guidance, but it will have to scurry to climb back up above NASDAQ’s minimum $1 price before a 90 day time limit results in a delisting. Majesco’s quite experienced in this sphere though.

Thanks, GoNintendo.

Zumba publisher Majesco has turned in its financial report sheets for the fourth quarter and year ending October 31, 2012, quietly confirming job cuts and admitting to declining core sales.

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Majesco Entertainment’s UK and European branches have seen a significant number of layoffs, reports GI International.

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Majesco Boston has been closed, according to former Majesco senior producer Chris Pasley. Writing in an update on Facebook, Pasley stated the following: “I enjoyed my time at Majesco. I hate that it ended so abruptly with the whole studio closing, but that’s the way the industry is.” Majesco Boston was formed after its parent company acquired area-based Quick Hit in 2011 and its focus was on social games. Majecso has yet to comment on the matter. Thanks, GI International.

Majesco’s bizarre but strangely compelling Kinect game, NBA Baller Beats, has been updated. Joystiq reports the rhythm action affair now boasts leaderboards, as well as a photo capture function, with the option to share images on Facebook.

Zumba fitness publisher Majesco reported a small decrease in revenue for the quarter ending April 30, but claimed an overall profit.

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Majesco will be bringing its Kinect exclusive NBA Baller Beats, and its next iteration of its 6 million worldwide-seller, Zumba Fitness, to E3 this year. The former is a basketball game where players use a real basketball as they train alongside unlockable NBA franchises. In the background plays a “diverse soundtrack,” with 100 unlockable posters and training card as well as difficulty levels which will guide you in your quest to become “the ultimat e-baller.” More information on both titles will be releases in June.

Majesco’s announced NBA Baller Beats, a rhythmic Kinect title that uses basketball as its hook. First confirmed artists for the soundtrack include Kanye West, Common, Run DMC, Tiesto and Gorillaz. Get the teaser trailer for it below, via Joystiq. It’s out this autumn.

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Wayforward has announced it’s working with Majesco on a Double Dragon update for PSN and Xbox Live titled Double Dragon: Neon. The 80s style reboot is scheduled for a July release. According to IGN, the game stars the Billy and Jimmy Lee who are fighting many a brute in order to rescue Marian from the clutches of the evil villain Skullmageddon. The gameplay consists of the original’s classic, 2D side-scrolling action with a bit of an “80s flair.” Sounds fun. Hit up the link for more information.

Majesco revenue for Q1 is up, the publisher’s announced, with the company basing the success off a successful Christmas period led by Zumba Fitness.

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Executive producer Microprose and developer Kung Fu Factory have announced Girl Fight will be published on PSN and XBL by Majesco Entertainment.

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Double Fine boss Tim Schafer has actually said he’s pitched a Psychonauts sequel “several times”.

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Majesco has announced Zumba Fitness has become the fastest-selling franchise “in the company’s history”, with the series moving 6 million units total across two releases.

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Majesco has announced Zumba Fitness Rush exclusively for Kinect, and it will land in stores during February 2012.

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Publisher Majesco Entertainment has released its Q3 earnings, reporting a net income of $1.9 million.

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Brace yourself – it’s a biggie. But mainly because I stuck two videos at the bottom.

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Zumba Fitness, the unstoppable UK seller, has shifted an amazing 3 million units worldwide.

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Majesco’s released a brand new dev diary for Bloodrayne: Betrayal, which explains what developer Wayforward’s aims for in the new title and more. Not much else to say other than it’s below the break, via Joystiq. Game’s out at the end of the month for PSN and XBLA.

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