Category Archives: Trade

Take-Two has released its results for Q3 of fiscal year 2012, and the firm has posted revenue of $236.3 million, compared to $334.3 million year-over-year when Red Dead Redemption was released. For the nine-month period ending December 31, 2011, revenue was $677.7 million, compared to $954.6 million for the same period last year, and losses of $41.7 million.

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GAME’s board of directors has announced it has “concluded discussions with its lending syndicate” and has agreed it will revise “terms for its facilities”, which will allow the firm to continue operations.

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Capcom has posted its financial results for the fist nine months of its fiscal year, and for the period, both profit and revenue decreased year-over-year. Profits were down 52.6% to ¥3.2 billion ($42.6 million) compared to ¥6.8 billion ($89.8 million), and revenue was down 29% to ¥50.3 billion ($660.6 million) compared to ¥70.8 billion ($930.0 million).

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EA said during its Q3 FY12 call to investors last night it has revised its Q4 outlook to a more conservative figure of $925 million to $975 million due to three underlying factors – one of which is “concern” over the financial condition of a European retail partner.

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The Walt Disney Company, parent company of Disney Interactive, now holds control over Indian firm UTV, the parent company of El Shaddai and Deadly Premonition publisher UTV Ignition.

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A little bit of extra grunt under the hood of the next PlayStation and Xbox isn’t going to be enough to satisfy Epic Games boss Tim Sweeney.

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In the course of filing a $5 billion IPO, Facebook has revealed just how important Zynga is to the social network’s success.

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Financially troubled publisher THQ has come clean on the staff cuts resulting from its restructuring, revealing even greater carnage than rumours suggested.

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EA has posted $1.65 billion in revenue for Q3 FY12, which is a 15% increase year-over-year from $1.41 billion. Packaged goods sales came in at $1.23 billion compared to $1.108 billion year-over-year, and losses for the quarter were $205 million, compared to $322 million year-over-year.

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Activision has announced Humam Sakhnini has been promoted to the newly created position of chief strategy and talent officer.

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PS Vita have rebounded slightly in Japan after week-over-week declines since launch, and the new handheld should send Namco a thank you card for the resurgence, as it was due to Tales of Innocence R’s debut which did it. Over on Media Create’s weekly software chart, the Tales game wasn’t the only debut in the top three, as Armored Core V and Resident Evil Revelations took the number one and second place spots, respectively.

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THQ Australia has confirmed the publisher’s ongoing restructuring has affected Australian staff, although the fate of its Japanese office remains unknown.

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Netflix has abandoned its plans to offer game rentals alongside its other offerings, thus ending the Qwikster experiment it started in September last year. After an outpiring of pulic outcry over the firm’s DVD service being switched over to Quikster, the firm culled its DVD plans but was still contemplating using the service for game rentals. The news was confirmed to investors earlier this week by Netflix CEO and co-founder Reed Hastings. Thanks, G4.

PS Vita sales in Japan continued to decline last week according to Media Create’s weekly sales chart. The system moved 15,219 units, which is 3,142 units less than the prior week, and is the system’s lowest sales period since it launched in the region during December.

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THQ has decided to exit kids’ licensed video games completely, focusing instead on its core game franchises and future digital initiatives.

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UKIE’s sold its 20% share of Gfk Chart-Track back to the company, its told MCV, but has simultaneously announced a new five-year deal that sees it as the exclusive partner of the UK charts.

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Sterne Agee’s Arvind Bhatia has highlighted some disturbing figures in Zynga’s finances.

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Macquarie Securities analyst Ben Schachter has said concerns over sales figures for Star Wars: The Old Republic and the resulting drop in EA stock prices are due to outside “speculation”, as NPD’s sales figures don’t show a complete picture. According to Schachter, the majority sales for the MMO were likely through Origin, and since NPD doesn’t track the service, the figures weren’t taken into account. The analyst believes around 1.5 million copies of the game were sold through Origin, but until EA releases its financials for Q4 and FY11, the exact figures will remain speculative. Another analyst, Wedbush Securities’ Michael Pachter, is of the same opinion as Schachter, but said the figure is likely closer to 800,000 through both retail and Origin, and the game will have sold 2 million units by the time its first anniversary comes around. Thanks, Gamasutra.

Investors have been scared away from EA by an analyst’s prediction that Star Wars: The Old republic won’t live up to prior expectations.

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Reuters reports that Zynga has made four recent acquisitions, all mobile developers. Perhaps the most notable is its September purchase of San Francisco-based Page44, which ported World of Goo to iOS; the port has sold over 1 million copies. In August, Zynga got hold of fellow San Franciscans HipLogic, and New York team Astro Ape. Further afield, a December deal netted the German Gamedoctors in December. Zynga went public in December with the largest tech IPO since Google, but has suffered fluctuating stock price in the interim.