Malathi's Feed
Jul 9, 2014

Zynga names Google executive to board of directors

SAN FRANCISCO, July 9 (Reuters) – Zynga Inc has
appointed Regina Dugan, a vice president of engineering at
Google, to its board, the online gaming company said
on Wednesday.

Dugan, 51, also leads the advanced technology and projects
group at Google that works on new inventions like a tablet that
uses 3D motion and depth sensing capabilities.

Jul 2, 2014

Live video startup Twitch builds studio to woo gamers, advertisers

SAN FRANCISCO (Reuters) – Live streaming startup Twitch, which grew its users over 40 percent in the past year, said it is building a studio in San Francisco to host videogame broadcasts and attract more advertisers and viewers to its novel live chat format.

The venture-backed startup, revealing its latest numbers, averaged 50 million monthly active users in June versus 35 million a year ago. That growth rate is down from when they doubled users in all of 2013, but user numbers typically pick up in the second half, a Twitch spokesman said.

Jun 28, 2014

Trial ends, judge to rule on lawsuit against NCAA over athlete pay

By Malathi Nayak

Oakland Calif. (Reuters) – A U.S. judge on Friday examined potential remedies to resolve the case between athletes and the National Collegiate Athletic Association that seeks to reshape traditional notions of amateur sports in the United States.

In a closely watched trial that ended on Friday after unfolding in an Oakland, California, courthouse over the past three weeks, U.S. District Judge Claudia Wilken weighed a few possible outcomes, such as the NCAA keeping a deferred trust fund and paying athletes upon graduating or upon establishing eligibility to take money before graduation.

Jun 25, 2014

Oculus denies using ZeniMax secrets in virtual reality tech lawsuit

SAN FRANCISCO, June 25 (Reuters) – Oculus VR, the technology
startup that Facebook Inc is buying for $2 billion, has
denied improperly using video game publisher ZeniMax Media Inc’s
trade secrets to create its virtual reality gaming headset.

“There is not a line of ZeniMax code or any of its
technology in these or any other Oculus products,” Oculus said
in documents filed in a Dallas federal court on Wednesday.

Jun 13, 2014

At E3, signs that virtual reality’s time may finally be coming

LOS ANGELES (Reuters) – In 2013, Oculus VR’s booth at Electronic Entertainment Expo, the gaming industry’s biggest annual convention, was relegated to a far corner of the showfloor near the restrooms.

What a difference a year makes. At the 2014 expo this week, the startup, which Facebook bought in March for $2 billion, drew crowds of oglers for its latest virtual reality headset, Oculus Rift.

Jun 13, 2014

Disney sees Infinity game’s retail sales hitting $1 billion

LOS ANGELES (Reuters) – Walt Disney Co expects global retail sales from its 10-month-old Infinity video game to reach $1 billion even as rivals also combine physical toys with video games, Jimmy Pitaro, president of the company’s interactive unit, said in an interview.

Disney launched Infinity in August to help turn around its interactive gaming unit, which lost $1.4 billion from fiscal year 2008 to 2013. In an overhaul in March, the division laid off about one-quarter of the workforce, cut the number of games it develops and focused its advertising more on the fast-changing mobile market.

Jun 12, 2014

Disney sees Infinity video game hitting $1 billion in revenue

LOS ANGELES (Reuters) – Walt Disney Co expects revenue from its 10-month-old Infinity video game to reach $1 billion even as rivals also combine physical toys with video games, Jimmy Pitaro, president of the company’s interactive unit, said in an interview.

Disney launched Infinity in August to help turn around its interactive gaming unit, which lost $1.4 billion from fiscal year 2008 to 2013. In an overhaul in March, the division laid off about one-quarter of the workforce, cut the number of games it develops and focused its advertising more on the fast-changing mobile market.

Jun 10, 2014

Nintendo characters come to life through new models at E3

LOS ANGELES, June 10 (Reuters) – Nintendo Co Ltd
offered the first glimpse at interactive figurines of Mario and
other characters on Tuesday at video gaming expo E3, aiming to
fire up sales of its two-year-old Wii U console, which have
fallen far short of targets.

The “amiibo” models, which mark Nintendo’s entrance into the
“toys-to-life” category popularized by Activision’s “Skylanders”
and Walt Disney Co’s “Infinity,” contain a chip that
activates and trains characters in the games when placed on the
Wii U GamePad controller.

May 13, 2014

Take-Two profit, revenue drop but beat forecasts

SAN FRANCISCO (Reuters) – Video game publisher Take-Two Interactive Software’s profit and revenue fell less than expected in the fourth quarter and it forecast fiscal 2015 earnings in line with Wall Street’s estimates on Tuesday.

Shares in Take-Two fell about 3 percent in after-hours trading after closing at $20.63 on Nasdaq.

May 13, 2014

Microsoft slashes Xbox price, frees up Netflix and other popular apps

SAN FRANCISCO, May 13 (Reuters) – Microsoft Corp
will take $100 off the price of its Xbox One gaming console and
let users view popular entertainment apps such as Netflix and
ESPN without a $60-plus “Live” subscription, hoping to spur
sales against rival devices like Sony’s Playstation 4
and Amazon’s Fire TV.

The moves mark another reversal for the software giant on
the Xbox One, which is lagging Sony’s PS4 in sales and faces
competition from existing consoles, streaming boxes such as
Apple TV and Amazon’s new $99 gaming-and-entertainment device.