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Jan 31, 2013

Take-Two delays launch of Grand Theft Auto V video game

Jan 31 (Reuters) – Take-Two Interactive Software Inc
said on Thursday it has pushed back the launch of the
latest game from its hit “Grand Theft Auto” franchise to Sept.
17 from its previously announced release window of spring 2013.

Shares of Take-Two were down 6 percent at $12.31 in early
afternoon trading on the Nasdaq.

Jan 31, 2013

Electronic Arts slashes 2013 outlook as industry struggles

SAN FRANCISCO (Reuters) – Electronic Arts Inc slashed its fiscal 2013 earnings forecast after a weaker-than-expected holiday quarter marked by disappointing sales of its “Medal of Honor” title, as the industry struggles with flagging demand.

The games maker forecast non-GAAP revenue for the year to end-March of $3.8 billion to $3.9 billion and earnings of $0.86 to $1.00 per share from $1.00 to $1.15 per share previously, down about 13 percent at the mid-point.

Jan 30, 2013

Electronic Arts revenue dropped in 3rd quarter

SAN FRANCISCO, Jan 30 (Reuters) – Video game publisher
Electronic Arts Inc reported lower revenue for the third
quarter as the video game industry continued to struggle with
flagging sales and experienced a weak holiday quarter.

Electronic Arts revenue fell as the console game business
has “been extremely soft” as the industry waits for
next-generation versions of Sony Corp’s PlayStation and
Microsoft Corp’s ‘s Xbox to boost software sales, Chief
Financial Officer Blake Jorgensen said.

Jan 28, 2013

Zynga’s shares rise 14 percent ahead of earnings report next week

SAN FRANCISCO (Reuters) – Zynga Inc’s stock rose 14 percent on Monday as investors grew more confident that the social games developer behind “FarmVille” and “Mafia Wars” will deliver a solid set of quarterly results next week.

Its shares ended trading at $2.84, up 35 cents

Zynga reports quarterly results next Monday. In October, it raised the lower end of its 2012 earnings forecast and also announced a $200 million share buyback plan and a new partnership with British company bwin.party to offer online real-money gambling.

Jan 15, 2013

Toys and video games hook up on new Disney game platform

SAN FRANCISCO (Reuters) – Children will be able to move plastic toys that look like pirate Captain Jack Sparrow and other movie characters into a virtual world on a computer or TV screen in a game platform Walt Disney Co unveiled on Wednesday in hopes of boosting revenue at a loss-making division.

Disney’s new “Infinity” concept, to be released in June, comes with games inspired by “Monsters University,” “Pirates of the Caribbean” and “The Incredibles” franchises. The toys will come to life onscreen after being placed on a small electronic portal, similar to Activision Blizzard’s “Skylanders,” one of 2012′s top-selling games.

Jan 13, 2013

Women pry open door to video game industry’s boys’ club

SAN FRANCISCO, Jan 13 (Reuters) – When video game developer
Brenda Brathwaite Romero started her career in the 1980s, she
could count the number of female developers in the industry on
one hand.

Today, many “Women in Games” roundtables she attends are
filled to capacity with new faces. The 46-year-old, sometimes
referred to as the longest-serving woman in the video game
arena, jokes that these days one can even encounter long lines
for the ladies’ room at the Game Developers Conference, one of
the industry’s largest gatherings.

Jan 8, 2013

GameStop slashes same-store sales forecast; shares skid

Jan 8 (Reuters) – GameStop Corp, the largest U.S.
video game retailer, slashed its forecast for fourth-quarter
sales after customer traffic shrank over the crucial holiday
season, sending its shares down 6 percent.

GameStop said it now sees same-store sales falling between 4
percent and 7 percent for the fiscal fourth quarter ending Jan.
28, versus a previous forecast ranging from an increase of 1
percent to a decline of 7 percent. The company also warned that
quarterly profit will come in at the low end of its previously
forecast range.

Dec 31, 2012

Zynga carries out planned games shutdown, including ‘Petville’

SAN FRANCISCO, Dec 31 (Reuters) – Social games publisher
Zynga Inc confirmed on Monday that it has carried out
11 of the planned shutdowns of 13 game titles, with “Petville”
being the latest game on which it pulled the plug.

Zynga in October said it would shut down 13 underperforming
titles after warning that its revenues were slowing as gamers
fled from its once-popular titles published on the Facebook
platform in large numbers and sharply revised its full-year
outlook.

Dec 21, 2012

Mobile game companies race to make it to the holiday app charts

SAN FRANCISCO (Reuters) – Mobile game developers are scrambling to get on Apple Inc’s top mobile app charts this Christmas, as seasonal sales are expected to reach an all-time high in a fast-growing market dominated by the iPad and iPhone maker.

Just as Billboard’s music charts spell success for pop music, Apple’s charts for the top paid, free and top-grossing apps have become a touchstone for the gaming industry, with a top ranking giving sales an extra boost.

Dec 19, 2012

THQ files for bankruptcy, Clearlake makes bid for assets

SAN FRANCISCO (Reuters) – Video game maker THQ Inc said on Wednesday it filed for bankruptcy, and private investment firm Clearlake Capital Group has offered to buy its assets.

THQ has filed voluntary petitions under Chapter 11 in U.S. Bankruptcy Court for the District of Delaware to facilitate a sale of the assets of its operating business including its four studios and games in development.