Malathi's Feed
Jan 7, 2015

U.S. FCC chief’s speech seen supporting Obama on net neutrality

LAS VEGAS/WASHINGTON (Reuters) – The top U.S. communications regulator on Wednesday touted a “just and reasonable” standard for policing Internet traffic in remarks seen as the strongest indication yet that he plans to follow President Barack Obama’s lead on “net neutrality.”

The remarks by Federal Communications Commission Chairman Tom Wheeler at a trade show in Las Vegas appeared to show he was leaning toward regulating Internet service providers more strictly under Title II of the U.S. communications law, as Obama has suggested.

Jan 5, 2015

Advertisers to get a glimpse of Apple Watch promise, challenge

LAS VEGAS (Reuters) – Appleā€™s forthcoming smartwatch poses a conundrum for advertisers: How to tap the enticing possibilities of the tiny gadget without overwhelming consumers with messages.

At this week’s Consumer Electronics Show in Las Vegas, mobile-marketing firm TapSense plans to release an Apple Watch ad-buying service. The service will provide a first glimpse of how businesses can serve up ads on the watch, even though the gadget will not be available until later this year.

Dec 25, 2014

YouTube’s release of ‘The Interview’ a chance to show off paid video chops

SAN FRANCISCO (Reuters) – Google Inc’s decision to screen Sony Pictures’ film “The Interview” may help legitimize its YouTube platform as a serious rival to paid video streaming services, Netflix and Amazon.com Inc.

Sony Pictures made the controversial film available online on Wednesday, expanding distribution of a comedy that triggered a destructive cyberattack against the company that has been blamed on North Korea. The studio reversed its decision to halt the movie’s release after it was criticized for self-censorship.

Dec 6, 2014

Cablevision, union both declare victory after judge’s ruling

NEW YORK (Reuters) – Cablevision Systems Corp and a
union representing some of its workers in Brooklyn, New York,
both declared victory after a judge’s ruling on National Labor
Relations Board allegations that the company bargained with its
workers in bad faith.

In January 2012, a small number of the company’s cable
installers voted to unionize. Since then, Cablevision and the
union have been arguing over the issue. The NLRB last month
accused the cable operator and its chief executive, James Dolan,
of threatening to withhold raises for its technicians unless
they voted to quit their union.

Nov 14, 2014

Exclusive: India’s Reliance Entertainment plans to acquire Western game studios in 2015

By Malathi Nayak

(Reuters) – India’s Reliance Entertainment plans to begin acquiring North American and European mobile game studios starting in early 2015, in hopes of becoming a significant global player in the fast-growing mobile games industry.

The company, which is the biggest stakeholder in DreamWorks Animation Studios (DWA.O: Quote, Profile, Research, Stock Buzz), is in talks with bankers to identify and acquire up-and-coming mobile game studios in North America and Europe to boost sales, Chief Executive Manish Agarwal told Reuters in a phone interview.

Nov 13, 2014

Mobile game startup Scopely raises $35 million to offer more titles

SAN FRANCISCO (Reuters) – Scopely, a mobile game publishing startup, has raised $35 million in financing to produce new titles and invest further in building out the technology behind its games distribution network, the company said on Thursday.

The Culver City, California-based startup, which was founded in 2011, has delivered a handful of games such as “Mini Golf MatchUp,” which ranked among the top 5 games on Apple Inc’s app charts. Scopely makes its own games and also funds and publishes games made by other game studios.

Nov 6, 2014

King Digital third quarter profit drops but beats estimates

SAN FRANCISCO (Reuters) – Social and mobile game company King Digital Entertainment Plc reported lower non-GAAP profit on Thursday as sales from its “Candy Crush Saga” title continued to shrink.

On a non-GAAP basis, it reported third-quarter adjusted income of 56 cents per share, which was less than 70 cents per share a year ago but more than analysts’ estimate of 47 cents per share.

Nov 6, 2014

King Digital Q3 profit drops but beats estimates

SAN FRANCISCO, Nov 6 (Reuters) – Social and mobile game
company King Digital Entertainment Plc reported lower
non-GAAP profit on Thursday as sales from its “Candy Crush Saga”
title continued to shrink.

On a non-GAAP basis, it reported third-quarter adjusted
income of 56 cents per share, which was less than 70 cents per
share a year ago but more than analysts’ estimate of 47 cents
per share.

Nov 6, 2014

Zynga’s third quarter results beat estimates driven by mobile efforts

SAN FRANCISCO (Reuters) – Zynga Inc (ZNGA.O: Quote, Profile, Research, Stock Buzz) reported better-than-expected third-quarter results as the maker of “Farmville” set its mobile gaming push in motion with releases such as “New Words with Friends.”

Shares in the San Francisco-based mobile gaming company, were up about 8 percent in after-hours trading on the Nasdaq after ending Thursday’s session up a cent at $2.36.

Nov 6, 2014

Zynga’s Q3 results beat estimates driven by mobile efforts

SAN FRANCISCO, Nov 6 (Reuters) – Zynga Inc reported
better-than-expected third-quarter results as the maker of
“Farmville” set its mobile gaming push in motion with releases
such as “New Words with Friends.”

Shares in the San Francisco-based mobile gaming company,
were up about 8 percent in after-hours trading on the Nasdaq
after ending Thursday’s session up a cent at $2.36.