CNBC's Julia Boorstin says Activision's "Destiny" game set the record for the most pre-ordered new title, in discussing whether King Digital's disappointing revenue growth is a bad sign for other gaming companies.» Read More
Take-Two Interactive Software scored more than $500 million in global sales of criminal action game "Grand Theft Auto 4" in its first week, marking what it said Wednesday is one of the most lucrative entertainment events in history.
But with the surprise box office success of “Iron Man,” many are now questioning whether the company should abandon its franchise model and bring development of video games based on its characters in house.
Media giant Viacom spacer beat Wall Street expectations with strong profits driven by its cable networks (including MTV) and its "Rock Band" video game franchise. Net income grew 33 percent over last year's quarter (excluding an investment write down) to $270 million, while revenue was up 15 percent in the period to 3.12 billion.
The markets dropped a bit as investors eagerly await Wednesday's rate decision. Find out what was moving in the Word on the Street.
When I heard on Friday that Electronic Arts was going to name the retired Brett Favre as its cover athlete for Madden NFL 09, I reserved judgment until I heard from you. I put up a poll and 65 percent of you thought it was either ingenious or a good idea, while 25 percent of you thought that it wouldn't affect sales.
Microsoft follows Apple's lead -- when have you heard that before? -- reporting a good, but not good enough, quarter. And investors are taking profits off the table. Microsoft did beat Street expectations on the bottom line. ... So where was the weakness? That's the issue...
So you probably just found out. Electronic Arts just picked RETIRED quarterback Brett Favre to be its cover athlete for Madden 09. Some will say it's stupid; some will say it's a great idea. Ingenious? Good idea? Won't affect sales? Idiotic? I'm not going to say what I think until I let you vote on it: So write in and tell me your thoughts...
Japan's Nintendo, maker of the hit Wii game machine, said on Thursday fourth-quarter profit jumped 60 percent but it forecast only modest annual growth of 9 percent as sales of its DS handheld machine slow.
Hours away from Apple's earnings, as you might expect, investors are a little nervous -- with a stock going from $119 to just short of $170, and then back to $160 in a matter of weeks. Some of you have written in with your thoughts ahead of earnings. Here's a sampling...
Video game maker Take Two Interactive has been fighting off a $2 billion dollar acquisition bid by rival video game publisher Electronic Arts and pushing back talks until the latest in its blockbuster Grand Theft Auto franchise came out on April 29th.
Today could be a watershed day for Research in Motion after a raucous quarter that saw shares dip into the low $80s before launching their recent recovery over the past week or so. And that's the quirkiness comes in: never during the quarter was there an indication that fundamentals hit any snags, and yet shares suffered a precipitous decline.
Electronic Arts Thursday launched a tender offer for rival video game maker Take-Two Interactive Software at $26 a share, indicating its $2 billion bid is turning hostile.
It's unusual for Apple to issue press releases, but this was news the company probably couldn't wait to share: We knew that the software developer kit, the so-called SDK for iPhone, was likely going to be a big deal for the Apple community. And now we have some facts.
Take Two Interactive Software reported a deeper loss, but the video game publisher's shares rose as the company projected an improved profit outlook.
Apple will unveil a comprehensive set of tools for developers to create their own applications for the company's hot-selling iPhone, and then sell them on the iTunes web site.
When in doubt, delay! That appears to be the strategy at Yahoo, where the company's board has authorized a deadline extension for outsiders to nominate their own slate of directors, which would have been next week. The new deadline will now be 10 days after the company announces the date of its annual shareholder meeting. This clock indeed is ticking...
Take-Two Interactive Software said on Thursday it has received informal inquiries but not written offers concerning potential business combinations since Electronic Arts proposed a $1.9 billion acquisition.
In the midst of all this craziness on the market today, including Apple's turnaround, Google's plunge, and IBM's big news of a stock buyback and raised guidance, the news yesterday of the unsolicited bid from Electronic Arts for Take-Two Interactive seems, well, so yesterday.
Needless to say, my posts on Google and Apple are generating a flood of response from many of you feeling the frustration of these steep declines, so in the vein of "misery loves company," here's a taste of some of your missives. Rest assured, if you're confused, you're not alone -- so are the experts.
Last post I focused on Google, but much of the same fear and frustration swirling around those shares can be said of Apple as well, another of last year's high-flyers that have come crashing back down to earth.