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Oct 29, 2013

Grand Theft Auto V drives Take-Two’s stellar results

SAN FRANCISCO, Oct 29 (Reuters) – Take-Two Interactive
Software raised its fiscal 2014 results forecast after
reporting a quadrupling in second-quarter revenue, driven by the
record-breaking success of the video game “Grand Theft Auto V.”

Shares in Take Two jumped 2.5 percent after it reported the
results, which beat Wall Street forecasts.

Oct 24, 2013

Zynga firms up mobile efforts, shares up 13 pct

SAN FRANCISCO, Oct 24 (Reuters) – Zynga Inc said it
expects a full-year profit after reporting better-than-expected
third-quarter results due to cost-cutting and a renewed focus on
mobile games and core franchises like “Zynga Poker” that lifted
shares 13 percent.

The creator of casual game “Farmville” said on Thursday it
expects to make a slim profit for 2013 before taking into
account exceptional items such as restructuring charges.

Oct 23, 2013

Kabam bumps up 2013 revenue forecast as games outperform

SAN FRANCISCO (Reuters) – Mobile gaming company Kabam is raising its 2013 revenue forecast by about 8 percent to $325 million as recent hits like “Dragons of Atlantis” beat expectations and its publishing business for other developers’ games is taking off, Chief Executive Kevin Chou said.

Kabam, which is considering going public, expects to be profitable this year, with revenue up 80 percent from 2012, the former Silicon Valley venture capitalist and investment bank analyst said in an interview late on Tuesday.

Oct 13, 2013

Festival of open houses taps San Francisco’s tech startup allure

SAN FRANCISCO (Reuters) – New York-based entrepreneur Caleb Gandara came to San Francisco this week and managed a rare feat: he spent half a day roaming the offices of hot startups DropBox, Cloudera and Sidecar, chatting up executives at will.

Gandara was one of 3,700 people who signed up for “OpenCo”, a festival of open houses held at scores of San Francisco startups, non-profits and corporations from Google Inc to local business and chocolatier TCHO over two hectic days.

Oct 3, 2013

Twitter at a glance

Oct 3 (Reuters) – Twitter aims to raise $1 billion in the
largest Silicon Valley IPO since Facebook Inc’s in 2012,
according to an IPO filing made public on Thursday.

Here are some facts about the micro-blogging site:

Created: 2006

Headquarters: San Francisco, California

Founders: Jack Dorsey, Evan Williams, Biz Stone, Noah Glass

Chief Executive Officer: Dick Costolo

Active users: Over 215 million monthly active users
worldwide. By comparison, at the time of its 2012 IPO filing,
Facebook had 845 million active monthly users worldwide,
including 161 million active monthly users in the United States.

Sep 29, 2013

Sony’s PS4 tops Xbox One as gamers’ holiday choice -Reuters/Ipsos poll

SAN FRANCISCO, Sept 29 (Reuters) – More U.S. shoppers prefer
Sony Corp’s upcoming PlayStation 4 than Microsoft
Corp’s Xbox One, according to a Reuters/Ipsos poll, as
the industry’s two leading videogame console makers prepare to
do battle this holiday season.

Asked about their interest in dedicated game devices, 26
percent of 1,297 people surveyed online last week say they are
likely to purchase the new PlayStation 4 when available, versus
15 percent opting for the Xbox One.

Sep 27, 2013

EA settles NCAA student-athlete cases, no game next year

SAN FRANCISCO, Sept 26 (Reuters) – Electronic Arts
said it had reached a settlement with former college football
athletes who have accused the company of using their images
without permission and would not be making a new game for the
popular “NCAA Football” series in 2014.

The athletes sued the video game publisher and the National
Collegiate Athletic Association (NCAA), which has strict rules
prohibiting them from sharing in the millions of dollars that
schools receive from television and licensing deals. The case
against the NCAA is still pending.

Sep 26, 2013

Electronic Arts says no ‘NCAA Football’ game next year

SAN FRANCISCO (Reuters) – Electronic Arts said on Thursday that it will not offer gamers the next iteration from its college football video game series “NCAA Football” in 2014 and is evaluating the fate of the game franchise, which is mired in legal disputes with former college athletes.

Electronic Arts made the decision because of on-going lawsuits and the withdrawal of support from organizations like the National Collegiate Athletic Association, Cam Weber, the general manager of American football for EA SPORTS, wrote in a blog post.

Sep 20, 2013

Grand Theft Auto V sales zoom past $1 billion mark in 3 days

SAN FRANCISCO (Reuters) – Grand Theft Auto V has crossed the $1 billion sales mark after three days in stores, a rate faster than any other video game, film or other entertainment product has ever managed, its creator Take Two Interactive Inc said on Friday.

The latest installment of GTA, a cultural phenomenon that has sparked a national debate on adult content and violence, received strong reviews and racked up $800 million in first-day sales alone.

Sep 19, 2013

U.S. court halts $8.2 bln Activision deal with Vivendi

SAN FRANCISCO/PARIS, Sept 19 (Reuters) – A U.S. court has
taken the rare step of halting Vivendi SA’s $8.2
billion deal to sell most of its stake in Activision Blizzard
Inc back to the U.S. videogame publisher, but the move
is unlikely to kill the transaction, according to analysts and
legal experts.

The Delaware Chancery court decision put a temporary hold on
the deal’s closing, after Activision investor Douglas Hayes
filed a lawsuit arguing the companies breached their legal duty
by failing to submit the deal to a shareholder vote.