Category Archives: Trade

Disney has reported its Q2 financials, and overall the company reported a 32% increase in net income during the January-March quarter.

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Take-Two has appointed its COO Karl Slatoff to newly created role of president, effective May 1, 2013 according to a lovely form 8-K filed with the SEC. Slatoff has been the firm’s COO since 2010, and before that he served as EVP since February 2008. Take-Two is expected to host a call to investors after it releases its Q4 FY13 financials on Monday, May 13. Likely we’ll hear more regarding the appointment at that time.

Capcom has released its 2013 fiscal year results and the firm posted a profit of £19.42 million, despite profits being down by 56% year-over-year.

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Electronic Arts has announced its Q4 and fiscal year 2013 financials with the news Battlefield 3 Premium has over 3.5 million subscribers to-date, and generated over $120 million in revenue through the March quarter.

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Charles Cecil MBE, industry vet and co-founder of Revolution Software, has been appointed to the board of the British Film Institute. Cecil is also a BAFTA ambassador, on the Creative Skillset Industry Council and founded Yorkshire games network Game Republic. His development firm also has a new, original, Broken Sword game in the works which was successfully Kickstarted in 2012. Broken Sword: The Serpent’s Curse will release on Android, iOS, Mac and PC in 2013. Thanks, GI International.

GAME has paid off paid private investment firm OpCapita and its backers £3.2 million in interest and “monitoring fees” toward the £103 million it owes the firm after brokered a deal to get the retailer out of administration. The figure was paid towards the balance in four months and the remaining balance will have 7.5% interest rate attached. GAME boss Martyn Gibbs told The Guardian the chain is expected to make £20 million in profit for the period ending July 31, and it plans to open 18 new stores during that time. Thanks, MCV.

UK Chancellor George Osborne and Culture minister Ed Vaizey have said that the EU Commission’s investigation into a UK games tax relief will not deter the incentive from being applied.

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Goichi Suda believes that Grasshopper Manufacture games will sell better now that the developer isn’t always fighting against publisher expectations.

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Niko Partners expects the Chinese online market to bring in $11.9 billion in 2013 despite a decline in casual, MMO and social gaming. The market in this sector grew from $10 million in 2001 to over $9 billion in 2012. The analyst firm expects growth to slow between now and 2018, but still expects it to add over $2 billion in total revenue each of those five years. The firm also noted that titles such as League of Legends and online shooters are rather popular with 18-24-year-old males, helping revive the Internet café sector. Thanks, GI International.

Sony’s top executives have been denied bonuses as the corporation weathers ongoing under-performance.

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Tomodachi Collection: New Life continued its dominance of the Media Create charts this week, moving another 144,903 units. Combined with last week when it moved 404,858 units during its debut, the title has moved 549,761 physical units in Japan.

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Nintendo president Satoru Iwata has told investors the reason for the delayed release of many first-party titles was due to Wii U launch titles requiring “more development resources than expected.”

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Yet another highly-placed staffer has left Epic Games.

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Activision-Blizzard CEO and president Bobby Kotick, increased his compensation “almost eightfold” to the tune of a whopping $64.9 million last year, according to an SEC filing broken down by Bloomberg.

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Zynga reported its Q1 earnings today, posting net income of $4.1 million compared to the $85.4 million loss the prior year. Still, not all is rosy in social gamesville, as sale fell 18% to $264 million.

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THQ has filed Form 8-K with the SEC regarding the recent acquisitions during its Chapter 11 Section 363 auction reported earlier this week.

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Nintendo is expected to post its yearly financials tomorrow, and Bloomberg expects the firm to announce a ¥18.7 billion ($189 million) loss of the period. Last year, the firm announced its first-ever annual loss. According to Ace Securities Co. analyst Hideki Yasuda, many aren’t happy with how president Satoru Iwata is running the company. “Iwata hasn’t produced good results in recent years,” he told Bloomberg. “He can’t avoid being criticized.” Via Gamespot.

Last week, in was announced that the EU Commission is to investigate the case for UK tax breaks and stated that “It is not clear whether the taxpayer should be subsidising this activity.” Now, the association for UK Interactive Entertainment has asked that UK developers provide evidence to help bolster the case.

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SWAT, MAG and SOCOM veteran Charles N Cox has sworn off first-person shooters, admitting that it may be a career-limiting movie but affirming his belief that the games industry “is ready to do better things”.

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Despite launching later in the month, BioShock Infinite was the best-selling game in the US in March.

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