SAN FRANCISCO (Reuters) – Zynga Inc (ZNGA.O: Quote, Profile, Research, Stock Buzz) co-founder Mark Pincus is relinquishing the last of his operational duties at the social gaming company starting on Wednesday and retreating to an advisory role as Chief Executive Officer Don Mattrick pushes through a restructuring plan.
Zynga shares were up 5 percent in after-hours trading on Wednesday after closing at $4.42 on the Nasdaq.
SAN FRANCISCO (Reuters) – Sony Corp said on Wednesday it sold more than 7 million PlayStation 4 videogame consoles in just over four months to April 6, double the number of the older version, PlayStation 3, sold in about the same time frame after its launch.
Sony is struggling to keep pace with demand for the videogame console, the Japanese company said in a statement.
SAN FRANCISCO (Reuters) – Zynga Inc has appointed former Best Buy executive David Lee its chief financial officer as Zynga continues reshuffling its ranks to try to return the “Farmville” creator to growth.
Lee, 42, will step into the role on April 14 and replace current Chief Financial Officer Mark Vranesh who has decided to leave the company, the games publisher said in a statement.
SAN FRANCISCO (Reuters) – Amazon.com Inc, a company known for its ruthless drive, is courting the free-wheeling coders and dreamers of the gaming industry with a lighter touch as it seeks to break into an arena now dominated by Apple and Google.
The online retailer, infamous for undercutting rivals and pressuring suppliers, hopes that making nice with game developers will help it build a vibrant app platform on its new Fire TV and gain ground in an area where it severely lags the competition.
SAN FRANCISCO (Reuters) – Searchers, accompanied by documentary filmmakers, plan to scour a New Mexico landfill in an attempt to unearth a legendary dump of millions of unwanted “E.T. the Extra-Terrestrial” video game cartridges rumored to have been buried at the site in the early 1980s, organizers said on Friday.
The suspected entombment in the small city of Alamogordo has become a point of intrigue for gamers over the past three decades, as the product tie-in to the classic 1982 movie “E.T. the Extra-Terrestrial” was a mammoth flop, remembered as having contributed to a sudden collapse of the video game industry in its early years.
SAN FRANCISCO (Reuters) – To imagine how YouTube might one day become a money-spinner for content producers, consider the power of the irreverent video gamer and online star PewDiePie over his young, free-spending audience.
Each time the wildly popular YouTube impresario has donned Razer headphones in one of the many zany videos that feature him playing games, the product has sold out.
March 27 (Reuters) – Video game retailer GameStop Corp
, forecast full-year earnings below market expectations
as it is yet to see an uptick in sagging video game software
sales, despite robust hardware sales driven by the launches of
Microsoft’s Xbox One and Sony’s PlayStation 4 consoles.
GameStop shares fell as much as 9.3 percent in morning
trading on Thursday, making the stock one of the top percentage
losers on the New York Stock Exchange.
By Neha Dimri and Malathi Nayak
(Reuters) – Shares in King Digital Entertainment Plc fell as much as 15 percent in their Wednesday debut, underscoring concerns about the company’s reliance on “Candy Crush Saga” and dashing hopes its coming-out party would revive investor interest in the mobile gaming industry.
Mobile gaming executives had looked to London-based King’s IPO, the largest by a gaming company since Zynga Inc went public in 2011, to help sweep aside skepticism over a notoriously fickle, volatile market.
SAN FRANCISCO (Reuters) – Facebook Inc will acquire two-year-old Oculus VR Inc, a maker of virtual-reality glasses for gaming, for $2 billion, buying its way into the fast-growing wearable devices arena with its first-ever hardware deal.
The acquisition, which comes hot on the heels of its $19 billion deal for messaging service WhatsApp, marks a big bet by Facebook to anticipate the next shift in an evolving technology industry, at a time when consumers are increasingly abandoning their PCs for smartphones.
SAN FRANCISCO (Reuters) – King Digital Entertainment Plc’s colorful “Candy Crush Saga” has gone viral on smartphones worldwide, but the company may struggle to replicate that enthusiasm with its upcoming $7.6 billion initial public offering.
The flotation this week will be closely watched in the fast-growing $17 billion mobile gaming industry, which is keen to emerge from the shadow of Zynga Inc, which has lost half its value since its 2011 IPO valued it at $8.9 billion.