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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.

Aug 5, 2014

Take-Two’s first-quarter beats Wall Street view, ‘Evolve’ delayed

SAN FRANCISCO (Reuters) – Take-Two Interactive Software on Tuesday posted better-than-expected revenue in its fiscal first quarter as the video game publisher’s “Grand Theft Auto V” and “NBA 2K14″ titles continued to see strong demand from gamers.

Shares in Take-Two were relatively unchanged after closing at $21.97 on the Nasdaq.

Aug 5, 2014

Activision sees strong holiday sales, lifts 2014 view, shares jump

SAN FRANCISCO, Aug 5 (Reuters) – Video game maker Activision
Blizzard Inc raised its full-year 2014 forecast, citing
better-than-expected second quarter results and expectations of
strong sales for upcoming titles like “Call of Duty: Advanced
Warfare” and “Destiny.”

Shares of Activision jumped 3 percent in after-hours trading
after closing at $22.36 on the Nasdaq on Tuesday.

Aug 5, 2014

Take-Two’s first-quarter beats Wall Street view, delays “Evolve”

SAN FRANCISCO (Reuters) – Take-Two Interactive Software on Tuesday posted better-than-expected revenue in its fiscal first quarter as the video game publisher’s “Grand Theft Auto V” and “NBA 2K14″ titles continued to see strong demand from gamers.

Shares in Take-Two were relatively unchanged after closing at $21.97 on the Nasdaq on Tuesday.

Aug 4, 2014

Google pulls ‘Bomb Gaza’ game from app store after backlash

SAN FRANCISCO (Reuters) – A mobile game that simulates Israeli attacks on the Gaza Strip and invites users to “drop bombs and avoid killing civilians” has been pulled from Google Inc’s app store, a company spokesman said on Monday after a public backlash.

“Bomb Gaza,” developed by PlayFTW and still available as an app on Facebook, simulates the on-going conflict between Israel and the Islamist group Hamas, which dominates the Palestinian territory. Players drop bombs from a fighter jet while dodging missiles from Hamas fighters in black and green masks.

Jul 31, 2014

Alibaba invests $120 mln in Kabam in latest U.S. deal

NEW YORK, July 31 (Reuters) – Alibaba Group Holding Ltd
(IPO-BABA.N: Quote, Profile, Research, Stock Buzz) has invested $120 million in San Francisco-based
mobile games studio Kabam, the latest in a string of U.S.
investments intended to build up the Chinese online retailer’s
presence in the world’s biggest Internet arena.

The investment raises the valuation of Kabam from $700
million to more than $1 billion. As part of the partnership,
Kabam will take games from “The Hobbit: Kingdoms of the
Middle-earth” to “Fast & Furious 6: The Game” to users of
Alibaba’s messaging app Laiwang and e-commerce service Taobao,
the companies said. First up will be Kabam’s “The Lord of the
Rings” game.

Jul 22, 2014

Electronic Arts profit surpasses Wall Street expectations

SAN FRANCISCO (Reuters) – Video game publisher Electronic Arts Inc (EA.O: Quote, Profile, Research, Stock Buzz) reported better-than-expected revenue and profit for the first quarter, driven by robust sales of titles such as “Titanfall,” digital revenue and cost control.

“On the digital side, (we saw) great continued growth on mobile and PC full game downloads and our subscriptions business with all of those up dramatically,” CFO Blake Jorgensen said in an interview.

Jul 9, 2014

Zynga names Google executive to board of directors

SAN FRANCISCO, July 9 (Reuters) – Zynga Inc has
appointed Regina Dugan, a vice president of engineering at
Google, to its board, the online gaming company said
on Wednesday.

Dugan, 51, also leads the advanced technology and projects
group at Google that works on new inventions like a tablet that
uses 3D motion and depth sensing capabilities.

Jul 2, 2014

Live video startup Twitch builds studio to woo gamers, advertisers

SAN FRANCISCO (Reuters) – Live streaming startup Twitch, which grew its users over 40 percent in the past year, said it is building a studio in San Francisco to host videogame broadcasts and attract more advertisers and viewers to its novel live chat format.

The venture-backed startup, revealing its latest numbers, averaged 50 million monthly active users in June versus 35 million a year ago. That growth rate is down from when they doubled users in all of 2013, but user numbers typically pick up in the second half, a Twitch spokesman said.