Malathi's Feed
Jun 12, 2013

Sony hopes to make new console profitable faster than PlayStation 3

LOS ANGELES (Reuters) – Struggling electronics giant Sony Corp(6758.T: Quote, Profile, Research) aims to make a profit on its new video game console faster than it did with its PlayStation 3 console by managing costs and keeping its technology similar to that of personal computers.

Sony Computer Entertainment, the company’s games division, took four years to make a profit on its last-generation PlayStation 3 console. For its new PlayStation 4, the company has said it wants to shorten that period of initial loss.

Jun 11, 2013

Analysis: Disney goes to Infinity to turn around gaming unit

By Lisa Richwine and Malathi Nayak

(Reuters) – When Walt Disney Co introduced its latest video game, Infinity, to the gaming faithful this week at the annual E3 gaming conference, it rented a Los Angeles movie theater to show 30-minute clips of upcoming films and hosted a party with the glitz it usually reserves for its blockbuster movie wannabes.

It shows just how much the company is counting on Infinity – whose players can for the first time mix together characters from Disney’s different franchises – to help turn around one part of the media giant that stubbornly refuses to turn a profit.

Jun 11, 2013

Disney goes to Infinity to turn around gaming unit

June 11 (Reuters) – When Walt Disney Co (DIS.N: Quote, Profile, Research) introduced
its latest video game, Infinity, to the gaming faithful this
week at the annual E3 gaming conference, it rented a Los Angeles
movie theater to show 30-minute clips of upcoming films and
hosted a party with the glitz it usually reserves for its
blockbuster movie wannabes.

It shows just how much the company is counting on Infinity -
whose players can for the first time mix together characters
from Disney’s different franchises – to help turn around one
part of the media giant that stubbornly refuses to turn a
profit.

Jun 11, 2013

Sony takes on Microsoft, prices new PS4 below Xbox One

LOS ANGELES (Reuters) – Sony Corp on Monday priced its latest PlayStation 4 console $100 lower than the new Xbox One by rival Microsoft Corp as competition for gamers’ pockets intensifies ahead of the year-end holidays and gift-giving season.

Sony said it would sell the latest PlayStation model for $399 late in the year shortly after Microsoft announced a $499 price tag for its first new Xbox in eight years and said it would go on sale in the United States in November.

Jun 10, 2013

Microsoft prices Xbox at $499 for November launch

LOS ANGELES, June 10 (Reuters) – Microsoft Corp
said on Monday its new Xbox One console would launch in November
at $499 in the United States, higher than most gamers had
expected.

The price is greater than its current console, the Xbox 360,
but it includes a Kinect motion sensor for hands-free game
playing.

Jun 9, 2013

Feature: Mobile gaming still eludes a troubled industry

SAN FRANCISCO (Reuters) – To get a sense of how investors view the promise of mobile gaming, one need look no further than Japan’s GungHo Online Entertainment (3765.OS: Quote, Profile, Research). With just one game under its belt, its stock has risen tenfold since October and its market cap almost equals that of decades-old Nintendo (7974.OS: Quote, Profile, Research).

From veterans like Electronic Arts (EA.O: Quote, Profile, Research) to rising stars such as “Clash of Clans” maker Supercell, the $66 billion video game industry is scrambling to devise games and experimenting with ways to appeal to a generation of players that spends more time on mobile devices than on computers or consoles.

Jun 9, 2013

Mobile gaming still eludes a troubled industry

SAN FRANCISCO (Reuters) – To get a sense of how investors view the promise of mobile gaming, one need look no further than Japan’s GungHo Online Entertainment. With just one game under its belt, its stock has risen tenfold since October and its market cap almost equals that of decades-old Nintendo.

From veterans like Electronic Arts to rising stars such as “Clash of Clans” maker Supercell, the $66 billion video game industry is scrambling to devise games and experimenting with ways to appeal to a generation of players that spends more time on mobile devices than on computers or consoles.

May 30, 2013

Glu Mobile dips toe in U.S. real-money games

SAN FRANCISCO, May 30 (Reuters) – Glu Mobile Inc
will allow U.S. players to win cash in one of its mobile games
starting next month, betting that cash-based contests will be a
winning formula to expand revenue in the fledgling and
potentially high-growth mobile gaming sector.

Glu’s stock closed up 3.4 percent at $2.76 on the Nasdaq,
after earlier rising as much as 7 percent.

May 30, 2013

Exclusive: Glu Mobile dips toe in U.S. real-money games

SAN FRANCISCO (Reuters) – Glu Mobile Inc will allow U.S. players to win cash in one of its mobile games starting next month, betting that cash-based contests will be a winning formula to expand revenue in the fledgling but potentially high-growth mobile gaming sector.

The fast-growing mobile game developer, which has struggled to report a profit since it went public in 2007, said it entered into a partnership with San Francisco startup Skillz that provides technology enabling real-money earnings from skill-based mobile games through cash tournaments.

May 23, 2013

GameStop says 2013 outlook improved after Xbox One news

May 23 (Reuters) – GameStop Corp raised the lower
end of its full-year earnings forecast on Thursday after beating
fourth-quarter estimates, counting on a boost from new gaming
consoles due later this year and further growth in digital and
mobile sales.

The videogame industry, which has struggled with declining
sales as gamers migrate to mobile and social media platforms, is
hoping for a strong finish to 2013 with the release of new
titles like Take-Two Interactive Software’s “Grand
Theft Auto V” and Electronic Arts Inc’s “Battlefield 4.”