Quarterly Results For Major Video Game Companies

OCT. 30, 2014 • A number of major video game companies released quarterly results for the quarter ending September 30. Electronic Arts reported net revenue (non-GAAP) of $1.22 billion, up from $1 billion for the same period in 2013. Packaged goods accounted for $767 million and $692 million respectively of that net revenue, while digital sales brought in $453 million, up from $348 million. Primary revenue drivers were FIFA 15, Madden 15 and The Sims 4. Full game.....

Digital Extremes Targeted For Acquisition

JULY 8, 2014 • In a disclosure with the Hong Kong Stock Exchange, Sumpo Food Holdings Ltd. has outlined its intent to partner with Perfect Online Holding Ltd. to acquire Ontario, Canada-based developer Digital Extremes Ltd. The Chinese firms have entered into a non-binding term sheet with the studio under which Digital Extremes agrees not to seek other buyout offers for 40 days without permission while a due diligence investigation is undertaken. No financial te.....

GameStop Shifts Impulse Digital Game Distribution Course

MAY 21, 2014 • Three years after GameStop Corp. acquired the Impulse digital game distribution service and streaming firm Spawn Labs, the retailer is taking a different approach to its digital sales. Starting this week, GameStop will no longer service nor deliver digital purchases of PC games via its own Impulse server infrastructure. Consumers who visit impulsedriven.com are now directed instead to gamestop.com/pcgames where they will receive a voucher to use w.....

Tencent Mobile Game Revenue Triples in First Quarter

MAY 15, 2014 • In first quarter financial reporting Tencent Holdings Ltd. announced that its smartphone mobile games revenue tripled from 600 million yuan ($96.3 million) to 1.8 billion yuan ($289 million) from the previous quarter. During the period the paying player base for this mobile content more than doubled. For the quarter ending March 31 mobile revenue accounted for 17.4% of the 10.4 bi.....