Liana's Feed
Feb 25, 2011
via MediaFile

News Corp aims big with tiny games publishing house

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Is Rupert Murdoch coming for Zynga? On Friday, Murdoch’s media conglomerate News Corp said it wants to recruit developers for its social game publishing division called “Making Fun.”

To be sure, Making Fun is no Zynga. It is a tiny company that was acquired quietly in November by News Corp according to the LA Times.  Making Fun’s bare bone website  has a lofty vision–to finance and publish games across  platforms like smartphones, tablets, social networks and Internet TVs.  Under News Corp, three publishing deals have been struck –it is unclear with whom because they failed to put in the release —  and the first games will land this summer.

Feb 24, 2011

Dish Network loses subscribers, shares down

NEW YORK (Reuters) – Satellite television provider Dish Network Corp’s posted deeper-than-expected subscriber losses for the fourth quarter as many customers canceled service after a dispute with Fox Network in October blacked out sports programs.

The second-largest U.S. satellite TV provider lost 156,000 subscribers in the quarter. Barclays analyst James Ratcliffe had expected Dish to lose 10,000 subscribers.

Feb 17, 2011

Intuit raises earnings forecast, shares rise

NEW YORK, Feb 17 (Reuters) – Intuit Inc (INTU.O: Quote, Profile, Research, Stock Buzz), the maker
of TurboTax and QuickBooks accounting software, reported a
profit that beat Wall Street expectations and raised its
quarterly earnings forecast, sending its shares up 2 percent.

The company estimated third-quarter adjusted earnings of
$2.22 to $2.30 per share. The high end of that range is above
the $2.24 per share analysts were expecting.

Feb 16, 2011

Analysis: Investors tired of waiting for Kodak to develop

NEW YORK (Reuters) – Its name was once synonymous with home photography. Now, Eastman Kodak is struggling just to stay in the picture.

The American icon, which coined the once-ubiquitous “it’s a Kodak moment” catch phrase, has labored for years to convince Wall Street it can turn a profit as it shifts toward digital technology and away from its ailing film business.

Feb 16, 2011

Investors tired of waiting for Kodak to develop

NEW YORK, Feb 16 (Reuters) – Its name was once synonymous
with home photography. Now, Eastman Kodak (EK.N: Quote, Profile, Research) is struggling
just to stay in the picture.

The American icon, which coined the once-ubiquitous “it’s a
Kodak moment” catch phrase, has labored for years to convince
Wall Street it can turn a profit as it shifts toward digital
technology and away from its ailing film business.

Feb 15, 2011

Sirius XM’s revenue outlook falls short

NEW YORK (Reuters) – Sirius XM Radio Inc, home to programs by Howard Stern and NFL football, reported a net loss for the fourth quarter and forecast weaker-than-expected revenue for next year, sending its shares down 5.5 percent.

The satellite radio company expects full-year revenue to be about $3 billion, which falls short of Wall Street’s expectations of full-year revenue of $3.02 billion to $3.1 billion.

Feb 15, 2011

Sirius XM’s revenue outlook falls short, shares down

NEW YORK, Feb 15 (Reuters) – Sirius XM Radio Inc (SIRI.O: Quote, Profile, Research, Stock Buzz),
home to programs by Howard Stern and NFL football, reported a
net loss for the fourth quarter and forecast
weaker-than-expected revenue for next year, sending its shares
down 5.5 percent.

The satellite radio company expects full-year revenue to be
about $3 billion, which falls short of Wall Street’s
expectations of full-year revenue of $3.02 billion to $3.1
billion.

Feb 11, 2011

Activision says sharper focus will pay off

NEW YORK (Reuters) – A top executive at Activision Blizzard, the largest video game publisher in the United States, defended the company’s strategy of investing only in a few big hits.

Earlier this week, the company said it was disbanding the unit that makes “Guitar Hero” games and canceling the title “True Crime: Hong Kong.

Feb 10, 2011

Option investors position for gains in GameStop

CHICAGO/NEW YORK (Reuters) – Traders snapped up bullish options in video game retailer GameStop Corp (GME.N: Quote, Profile, Research, Stock Buzz) on Thursday, positioning for gains in the weeks ahead.

GameStop shares rose and its options volume surged on several factors, including renewed takeover speculation and upcoming earnings next month.

Feb 10, 2011

Activision pulls plug on Guitar Hero

NEW YORK (Reuters) – Activision Blizzard Inc’s first-quarter outlook missed Wall Street expectations and it said it would disband the unit that makes Guitar Hero music games, sending its shares down 8 percent.

The company forecast revenue of $640 million in the first quarter of 2011 and EPS of 7 cents per share, compared with the $734.70 million analysts were expecting on 10 cents per share for the quarter.