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Mar 18, 2013

Electronic Arts CEO quits, takes blame for missed targets

SAN FRANCISCO, March 18 (Reuters) – Electronic Arts’
Chief Executive Officer John Riccitiello has resigned after six
years at the helm of the video games publisher, saying he held
himself accountable for missed operational targets.

The company behind the “Sims” and “Medal of Honor”
franchises on Monday warned investors that earnings in the
current quarter will be at the low end of, or slightly below,
its previously issued forecasts.

Mar 18, 2013

Electronic Arts CEO steps down, takes blame for missed targets

SAN FRANCISCO (Reuters) – Electronic Arts’ Chief Executive Officer John Riccitiello has resigned, saying he was “accountable” for the company missing its operational targets.

The company warned investors that earnings in the current quarter will be at the low end of or slightly below its previously issued forecast after the announcement.

Mar 11, 2013

EA says SimCity server issues improve, not yet ‘all-clear’

SAN FRANCISCO (Reuters) – Server problems that botched the launch of Electronic Arts Inc’s new “SimCity” title last week and incensed gamers who could not access the game for days have improved but not yet been fully resolved, the company said.

About a week since the game’s launch, the company has been scrambling to add servers and issue client updates to tackle server connectivity issues that plagued users.

Mar 8, 2013

EA’s botched launch of latest ‘SimCity’ leaves gamers fuming

March 8 (Reuters) – Electronic Arts Inc’s launch of
the newest game in its signature “SimCity” franchise this week
was marred by a series of technical faults that shut out some
gamers for days, triggering an outcry on social networks and
Internet forums.

Players of the city-building simulation, now hosted wholly
online rather than stored on personal computers, were plagued by
constant error alerts when trying to log in.

Mar 7, 2013

Pandora Media begins search to replace CEO

SAN FRANCISCO, March 7 (Reuters) – Pandora Media Inc
CEO Joseph Kennedy is stepping down and the search for a
replacement has begun, a surprise announcement that came the
same day the Internet music service reported
stronger-than-expected quarterly results.

Shares of the company, the leader in Internet-streaming
radio, leapt 20 percent immediately after it reported results
and forecast better-than-expected revenue for the first quarter
of fiscal year 2014.

Feb 21, 2013

Sony unveils new PlayStation 4 console

NEW YORK (Reuters) – Sony Corp unveiled its first video game console in seven years on Wednesday that will let users stream and play video games hosted on servers, hoping the move will help stem user losses, pre-empt the next version of Microsoft’s Xbox and propel it back to the top of the videogame hardware industry.

The company revealed its PlayStation 4 console, which will succeed the PlayStation 3, at a flashy event in New York with game developers like Ubisoft and Activision Blizzard in attendance.

Feb 20, 2013

Sony set to make pre-emptive strike on Microsoft with PS4

TOKYO, Feb 20 (Reuters) – Sony Corp is expected to
showcase a new PlayStation console on Wednesday in a pre-emptive
strike against Microsoft Corp’s bid to make its Xbox
the world’s leading hub for household entertainment.

The rare PlayStation event in New York comes amid industry
speculation that Microsoft is set to unveil the successor to its
Xbox 360, which beats the seven-year-old PlayStation 3′s online
network with features such as voice commands on interactive
gaming and superior connectivity to smartphones and tablets.

Feb 8, 2013

Activision stock soars after strong results lift gaming gloom

SAN FRANCISCO (Reuters) – Activision Blizzard Inc shares rose as much as 15.6 percent on Friday after its quarterly results trumped analysts’ expectations, spurring hopes the largest videogames publisher will outperform a bedraggled industry in 2013.

The shares soared to an intraday peak of $13.94, their highest since November of 2011. In afternoon trading, they were up 11.4 percent at $13.44.

Feb 8, 2013

Activision rides “Call of Duty” to strong quarter

By Malathi Nayak

(Reuters) – Activision Blizzard Inc’s (ATVI.O: Quote, Profile, Research, Stock Buzz) earnings beat Wall Street expectations after its “Call of Duty” and “Skylanders” titles had blockbuster holiday sales, shoring up investor confidence in the world’s largest videogame publisher despite a cautious forecast for 2013.

The videogame maker also forecast a first-quarter profit above industry analyst targets, guiding to earnings, excluding items, of 10 cents a share, versus an average forecast of about 9.7 cents.

Feb 6, 2013

Samsung, EA spice up revenue deals in developer-friendly program

SAN FRANCISCO (Reuters) – Electronic Arts Inc and Samsung Electronics Co Ltd have teamed up to draw developers to the Korean giant’s fledgling apps store, offering unusually strong financial incentives in hopes of expanding its library of games.

EA’s mobile games publishing division, Chillingo, will spearhead “100% Indie,” so named since Samsung will let independent developers keep 100 percent of their revenue for six months, versus the usual 30 percent cut offered by other platforms like Apple Inc.