Malathi's Feed
Nov 14, 2014

Exclusive: India’s Reliance Entertainment plans to acquire Western game studios in 2015

By Malathi Nayak

(Reuters) – India’s Reliance Entertainment plans to begin acquiring North American and European mobile game studios starting in early 2015, in hopes of becoming a significant global player in the fast-growing mobile games industry.

The company, which is the biggest stakeholder in DreamWorks Animation Studios (DWA.O: Quote, Profile, Research, Stock Buzz), is in talks with bankers to identify and acquire up-and-coming mobile game studios in North America and Europe to boost sales, Chief Executive Manish Agarwal told Reuters in a phone interview.

Nov 13, 2014

Mobile game startup Scopely raises $35 million to offer more titles

SAN FRANCISCO (Reuters) – Scopely, a mobile game publishing startup, has raised $35 million in financing to produce new titles and invest further in building out the technology behind its games distribution network, the company said on Thursday.

The Culver City, California-based startup, which was founded in 2011, has delivered a handful of games such as “Mini Golf MatchUp,” which ranked among the top 5 games on Apple Inc’s app charts. Scopely makes its own games and also funds and publishes games made by other game studios.

Nov 6, 2014

King Digital third quarter profit drops but beats estimates

SAN FRANCISCO (Reuters) – Social and mobile game company King Digital Entertainment Plc reported lower non-GAAP profit on Thursday as sales from its “Candy Crush Saga” title continued to shrink.

On a non-GAAP basis, it reported third-quarter adjusted income of 56 cents per share, which was less than 70 cents per share a year ago but more than analysts’ estimate of 47 cents per share.

Nov 6, 2014

King Digital Q3 profit drops but beats estimates

SAN FRANCISCO, Nov 6 (Reuters) – Social and mobile game
company King Digital Entertainment Plc reported lower
non-GAAP profit on Thursday as sales from its “Candy Crush Saga”
title continued to shrink.

On a non-GAAP basis, it reported third-quarter adjusted
income of 56 cents per share, which was less than 70 cents per
share a year ago but more than analysts’ estimate of 47 cents
per share.

Nov 6, 2014

Zynga’s third quarter results beat estimates driven by mobile efforts

SAN FRANCISCO (Reuters) – Zynga Inc (ZNGA.O: Quote, Profile, Research, Stock Buzz) reported better-than-expected third-quarter results as the maker of “Farmville” set its mobile gaming push in motion with releases such as “New Words with Friends.”

Shares in the San Francisco-based mobile gaming company, were up about 8 percent in after-hours trading on the Nasdaq after ending Thursday’s session up a cent at $2.36.

Nov 6, 2014

Zynga’s Q3 results beat estimates driven by mobile efforts

SAN FRANCISCO, Nov 6 (Reuters) – Zynga Inc reported
better-than-expected third-quarter results as the maker of
“Farmville” set its mobile gaming push in motion with releases
such as “New Words with Friends.”

Shares in the San Francisco-based mobile gaming company,
were up about 8 percent in after-hours trading on the Nasdaq
after ending Thursday’s session up a cent at $2.36.

Nov 4, 2014

Activision raises 2014 forecast, ‘Destiny’ helps beat Street view

SAN FRANCISCO (Reuters) – Video game maker Activision Blizzard Inc (ATVI.O: Quote, Profile, Research, Stock Buzz) raised its full-year 2014 forecast after posting better-than-expected third-quarter results on robust sales of “Destiny” and a jump in “World of Warcraft” subscribers.

Shares of Activision were up 3 percent in after-hours activity after closing at $19.95 on the Nasdaq on Tuesday.

Oct 29, 2014

Take-Two raises 2015 forecast, revenue surpasses estimates

SAN FRANCISCO (Reuters) – Video game publisher Take-Two Interactive Software raised its 2015 forecast on Wednesday as titles such as “Grand Theft Auto” and “NBA 2K14″ fuel robust sales and drove better-than-expected results in its fiscal second quarter.

Shares of Take-Two rose 5 percent in after-hours trading. They closed at $22.80 on the Nasdaq on Wednesday.

Oct 28, 2014

Electronic Arts raises 2015 forecast, profit beats estimates

SAN FRANCISCO (Reuters) – Videogame publisher Electronic Arts Inc (EA.O: Quote, Profile, Research, Stock Buzz) raised its 2015 forecast and reported stronger-than-expected second-quarter results on Tuesday, on cost controls and strong digital sales from titles including “FIFA” and “Madden.”

The Redwood City, California-based company said it expects $4.18 billion in non-GAAP revenue and non-GAAP net income of $2.05 per share in fiscal 2015. It had previously forecast $4.1 billion in revenue and $1.85 per share in profit.

Sep 19, 2014

Some consumers say Apple is losing its ‘cool’ factor

SAN FRANCISCO (Reuters) – Holly Riggle, a 29-year-old white-collar worker from Ohio, is just the kind of everyday customer Apple Inc (AAPL.O: Quote, Profile, Research, Stock Buzz) would love to have for its new iPhone 6, which launches Friday.

But Riggle is sticking to her Android smartphone, calling Apple less ”original” than it was under former chief executive Steve Jobs. She’s one of the 16 percent of respondents in a Reuters/Ipsos poll who said Apple had become somewhat or much less cool in the last two years.