Malathi's Feed
Aug 26, 2014

Twitch gamers lead online march to live video streaming

SAN FRANCISCO/LOS ANGELES, Aug 25 (Reuters) – Amazon.com Inc
tracked Twitch’s evolution from scrappy guerrilla
startup to one of the Internet’s hottest media properties. On
Monday, it announced a near-$1 billion acquisition to get into
one of the fastest-growing online arenas: live-streaming video.

Amazon’s $970 million bet – its largest ever – underscores
how a loyal and fast-growing following for live-streaming video
has grabbed the attention of big brands. Some believe live and
interactive streaming, in which Twitch is a pioneer, is the new
frontier in online video.

Aug 25, 2014

Amazon snaps up live video startup Twitch for $970 million cash

SAN FRANCISCO (Reuters) – Amazon.com Inc (AMZN.O: Quote, Profile, Research, Stock Buzz) on Monday said it will buy live-streaming gaming network Twitch Interactive for about $970 million in cash, marking one of the U.S. e-commerce company’s largest deals to date.

The move reflects Amazon’s mounting investments in original television and gaming content over the last few years as the company branches out into businesses beyond retail.

Aug 25, 2014

Amazon snaps up live video startup Twitch for $970M cash

SAN FRANCISCO, Aug 25 (Reuters) – Amazon.com Inc on
Monday said it will buy live-streaming gaming network Twitch
Interactive for about $970 million in cash, marking one of the
U.S. e-commerce company’s largest deals to date.

The move reflects Amazon’s mounting investments in original
television and gaming content over the last few years as the
company branches out into businesses beyond retail.

Aug 25, 2014

Sony says PlayStation network back online, user information safe after attack

SAN FRANCISCO/TOKYO, Aug 25 (Reuters) – Sony Corp’s
PlayStation Network was back online on Monday following a cyber
attack that took it down over the weekend, which coincided with
a bomb scare on a commercial flight carrying a top Sony
executive in the United States.

Sony said on its PlayStation blog that its PlayStation
network had been taken down by a denial of service-style attack,
which overwhelmed the system with traffic, but did not intrude
onto the network or access any of its 53 million users’
information.

Aug 25, 2014

Sony says Playstation users’ information safe after hackers target game sites

SAN FRANCISCO/TOKYO (Reuters) – Sony Corp (6758.T: Quote, Profile, Research, Stock Buzz) said hackers had taken down its PlayStation Network without compromising its 53 million users’ personal data, while the FBI was investigating a bomb scare on a flight carrying a top Sony executive in the United States.

The hackers behind the PlayStation attack said they had also targeted the servers of World of Warcraft video gamemakers Blizzard Entertainment, whose website was down, and threatened to attack Microsoft Corp’s (MSFT.O: Quote, Profile, Research, Stock Buzz) Xbox Live network which was also experiencing problems.

Aug 21, 2014

Exclusive: Ouya scores Xiaomi partnership to take games to China

SAN FRANCISCO (Reuters) – U.S video game service Ouya is turning to Asia to capture the growth that has eluded the startup on its own home turf.

The Santa Monica, California-based firm has partnered with Xiaomi Inc to take its games to Chinese living rooms via the smartphone maker’s new streaming boxes and “smart” TVs, an Ouya executive and a source at Xiaomi close to the deal told Reuters.

Aug 14, 2014

New health apps, games reward patients who take their meds

SAN FRANCISCO, Aug 14 (Reuters) – A group of ex-gaming
industry executives say they can use their design chops to solve
a major health challenge: Sick patients neglecting to take their
medication and costing employers and insurance providers
billions of dollars.

Jason Oberfest began thinking about applying game design
tricks to complex medical problems in 2011, while at mobile game
company ngmoco.

Aug 12, 2014

‘Candy Crush’ decline continues for King, shares fall

SAN FRANCISCO (Reuters) – Social and mobile game company King Digital Entertainment PlcĀ reduced its 2014 forecast after reporting lower-than-expected second-quarter revenue on Tuesday, as gamers continued to spend less money on its “Candy Crush Saga” game.

King also announced a $150 million special dividend, or 46.9 cents per share, payable to shareholders of record on Sept. 30. Its shares, however, slipped 22 percent in after-hours trading after closing at $18.20 on the New York Stock Exchange.

Aug 12, 2014

‘Candy Crush’ losses continue for King, shares fall

SAN FRANCISCO (Reuters) – Social and mobile game company King Digital Entertainment PlcĀ reduced its 2014 forecast after reporting lower-than-expected second-quarter revenue on Tuesday, driven by losses in its game titles such as “Candy Crush Saga.”

King also announced a $150 million special dividend, or 46.9 cents per share, payable to shareholders of record on Sept. 30. Its shares, however, slipped 22 percent in after-hours trading after closing at $18.20 on the New York Stock Exchange.

Aug 7, 2014

Zynga cuts 2014 forecast, delays various gaming titles

SAN FRANCISCO (Reuters) – Zynga Inc on Thursday reported unexpectedly weaker second-quarter bookings, and slashed its 2014 forecast after saying it had delayed several games including a revamped version of “Zynga Poker.”

Shares in the San Francisco-based mobile gaming company, known for the “FarmVille” game, were down 12 percent in after-hours trading on the Nasdaq after ending Thursday’s session up 13 cents at $2.92.