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Big media is finally grasping that the sands beneath its feet are shifting; and Vivendi's bold step for Activision may be the beginnings of dramatic change for all kinds of digital entertainment. And it's about time. George Lucas (I know, major name-dropping here) told me not too long ago, that one of the key reasons for his studio's success is the seamless integration between his LucasArts video games division and LucasFilm, his studio operation.
Vivendi strikes a deal to combine its interactive gaming business with video game publisher Activision to form a new company called Activision Blizzard.
Mergers and acquisitions were back Monday as numerous high-profile companies announced plans to tie up despite recent tightness in the credit market and uncertainty over the strength of Western economies.
French telecom and media group Vivendi is merging its video games unit with Activision in a $9.8 billion deal that combines the hit "Guitar Hero" and "World of Warcraft" franchises under one roof.
If the way events played out in 1990 is any indication, Cramer says yes.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The game console war enjoyed a robust battle on Black Friday and we're getting indications now of new momentum for Sony's flagging PlayStation franchise, and continued mega-sales for Nintendo's Wii. Hard data from Sony indicates a strong week for its platform. The company reports that PlayStation 3 hardware sales jumped 245 percent compared to Black Friday sales a year ago.
Tuesday was quite the day for video game maker Activision--the stock ended the day up nearly 14 percent. Wall Street was jazzed by the gamemaker's forecasts, which were so hot, they far exceeded even the most optimistic analysts estimates. And early game sales were so positive recently, it bodes very well for the holiday shopping season. Two big franchises are expected to be top sellers this holiday season.
Activision, the second-biggest US video game publisher, raised its quarterly outlook, citing strong sales of its "Guitar Hero" and "Call of Duty" games, sending its shares up as much as 19 percent.
Stocks closed sharply higher after a rebound by the battered financial sector spread across the entire market.
Rallies are now made to be sold, Jeff Macke said.
MTV's "Rock Band" video game took the stage Tuesday, a new entrant in the fast-growing genre of musical games that could boost the fortunes of the flagging music industry.
Happy Anniversary to Wii: It was one year ago that the wildly popular videogame console hit the market, taking interactive play to a new level -- and giving Nintendo a huge advantage over Sony and Microsoft in the game game.
U.S. sales of video game hardware and software jumped 73 percent in October, with Nintendo's Wii console regaining its spot as the top-selling console, industry data showed on Thursday.
Activision posted a small second-quarter profit, compared to a loss a year earlier, as revenue at the second-biggest U.S. videogame publisher jumped on sales of titles like "Transformers" and "Guitar Hero."
Top video game publisher Electronic Arts posted a quarterly loss but still topped estimates on strong sales of such titles as "FIFA 08" soccer and games for Nintendo's popular Wii console.
As the market trades lower, which stocks were unfairly beaten down and which should you stay away from?
It's a big day for video games makers today as Electronic Arts, the single biggest name in the space, and THQ both report after the bell today. But despite a healthy run in EA shares, this might not be the slam-dunk investment you think it is.
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Its release is as important to Activision as Halo is to Microsoft, so it was no surprise the company pulled out all the stops at today’s New York City launch of Guitar Hero III: Legends of Rock.
I made the trek cross-country yesterday to front our exclusive Halo 3 release coverage from this Best Buy store at the corner of 44th and 5th Avenue in midtown Manhattan. This is one of 10,000 retailers nationwide that'll be hosting midnight-madness sales tonight to launch Halo 3 onto store shelves.