Nexon Acquires gloops

OCT. 1, 2012 • All outstanding shares of Japanese mobile developer gloops, Inc. were acquired by Nexon Co., Ltd. for ¥36.5 billion ($468 million) in cash. The developer is one of the major content providers for DeNA’s Mobage platform with titles such as Japan Pro Baseball Card Battle, Warriors of Odin and Three Kingdoms Guild Battle. The existing relationship between gloops and DeNA is bringing five titles to North America and Europe in 2012 through its Mobag.....

Korean Game Publishers Post Financial Results

Aug. 9, 2012 • Financial results are in for several Korean game publishers.  Nexon Co., Ltd. saw its total revenue increase 12% to ¥22,876 million ($291 million) during the second quarter ending June 30. The bright spot was results from China, which saw an increase in revenue of 38% to ¥10,737 million ($136.7 million). Revenue in Korea and North America remained unchanged compared to the same period last year at ¥6,251 million ($79.6 million) and ¥1,515 mil.....

Zynga Financial Results Disappoint

July 25, 2012 • Zynga Inc. posted bruising second quarter financial results that threw into question whether the social games powerhouse now faces declining fortunes ahead. The publisher posted a loss of $22.8 million for the quarter, with $332 million in revenue. Analysts had expected revenue of $343 million for the period. During the same quarter a year ago, Zynga turned a profit of $1.4 million. In worse news, Zynga cut its forcast for 2012 bookings, which is.....

Nexon Acquires inBlue

JUNE 28, 2012 • Looking to bolster its social mobile game development holdings, Nexon Co., Ltd. acquired all outstanding shares of inBlue,inc, which creates content for the GREE and Mobage platforms in Japan. The acquisition comes after the recent purchase of Moyasoft Co., Ltd., a Korean social game deve.....

Nintendo Summer Bonuses is Cut

JUNE 11, 2011 • The Nikkei business daily reported that Nintendo summer bonuses to its employees will be cut by 20% this year as a result of poor performance that culminated in the company’s first annual operating loss of ¥37.3 billion ($470 million). Japanese workers typically receive bonuses in su.....

Nintendo Operating Loss First Ever

APRIL 27, 2012 ● Nintendo Co. Ltd.  reported its first ever Nintendo operating loss, ¥37.3 billion ($460 million) for the fiscal year ending March 31. Although its Wii system has been a big hit in recent years past, the move by consumers to embrace smartphones and tablets as mobile game devices has hit the gamemaker’s business. Instead of selling 13 million Wiis Last year as originally expected, Nintendo saw only 9.8 million sold. Similarly, 13.5 million.....

Zynga Games Are 11% of Facebook’s Revenue

APRIL 23, 2012 ● For the three months ending March 31st, Facebook recorded $1.06 billion in first quarter revenue. More interestingly, virtual item sales from Zynga games, and Zynga advertising, accounted for 11%, or $116.6 million of Facebook’s first-quarter revenue. Impact: Facebook and Zynga go hand and hand.  No other company comes close in the games on Facebook and.....