ESports, watching others play video games in tournaments and, in some cases, betting on them, is one of the fastest-growing under-the-radar trends in media and entertainment» Read More
GameStop earnings boosted by new software sales.
Robert Lloyd, GameStop CFO, discusses the company's outlook on digital sales and why its strategy consists of diversifying its business, including participation in the streaming market through Sony.
May 18- Video game publisher Take-Two Interactive Software Inc, reported a better-than-expected quarterly profit, helped by strong sales of its "Grand Theft Auto V" and " NBA 2 K15" titles. Take-Two Interactive Software also increased its stock buyback plan to 10 million shares. Sales of the physical retail version of "Grand Theft Auto V" ranked among NPD Group's top...
May 18- Video game publisher Take-Two Interactive Software Inc, reported an 83.5 percent jump in quarterly adjusted revenue, helped by strong sales of "Grand Theft Auto V" and " NBA 2 K15". Adjusted net income increased to $54.3 million, or 49 cents per share, in the fourth quarter ended March 31, from $21.5 million, or 21 cents per share, a year earlier.
*Car companies use Nvidia's "supercomputer on a chip". DETROIT, May 14- It took Silicon Valley chipmaker Nvidia Corp the better part of a decade to gain acceptance as a global automotive supplier, a lesson for other technology firms hoping to make a similar transition from consumer electronics to car components. Nvidia had a thriving business in supplying...
TOKYO, May 7- Japanese videogame maker Nintendo Co Ltd on Thursday forecast annual operating profit to double in the year through March, with its entry into smartphone games widely expected to help make up for weak sales growth of its traditional consoles. Nintendo's latest Wii U console has been a distant third to Sony Corp's PlayStation and Microsoft Corp's...
*Forecasts full-year adj profit $2.75/ shr vs est $2.64. May 5- Video game publisher Electronic Arts Inc, known for titles such as "FIFA" and "Madden NFL", posted better-than-expected quarterly earnings and revenue on Tuesday, helped by strong digital sales and the release of "Battlefield Hardline". EA forecast an adjusted profit of $2.75 per share for the year ending...
May 5- Video game publisher Electronic Arts Inc, known for titles such as "FIFA" and "Madden NFL," posted better-than-expected quarterly profit and revenue, helped by strong digital sales and the release of "Battlefield Hardline." Total revenue rose 5.5 percent to $1.19 billion for the fourth quarter ended March 31 from $1.12 billion a year earlier.
May 5- Video game publisher Electronic Arts Inc, known for titles such as "FIFA" and "Madden NFL", posted a 5.5 percent rise in quarterly revenue, helped by growth in its digital business, which includes software distributed through direct downloads. EA's net income rose to $395 million, or $1.19 per share, for the fourth quarter ended March 31, from $367 million, or $1.15...
TOKYO, April 25- Japanese consumer electronics firm Sony Corp has raised its operating profit estimate for fiscal 2015 to 300 billion yen, or four times its previous estimate, the Nikkei reported on Saturday. Expectations for higher sales of display sensors used in mobile phones and the Playstation gaming console were the reason Sony raised its forecast, the...
Colin Grant, CEO & co-founder of Pure Group, says the company's 270-degree immersive fitness class embodies a "sweet spot where fitness, entertainment and technology" meet.
CNBC's Courtney Reagan reports on the new Guitar Hero game launching a comeback tour.
BTIG analyst previously called for the removal of Zynga CEO Don Mattrick, but he's not too pleased with the return of founder Mark Pincus.
In 2010, Spanish soccer star Gerard Pique helped the Spanish national team land the country's first World Cup title. Now Piqué is looking to conquer his next, albeit slightly geekier, challenge: Video games.
Fantasy gaming site DraftKings gets a big financial boost from an unlikely source. CNBC's Dominic Chu reports.
Spanish soccer star Gerard Piqué sits at the pinnacle of his sport, but that has not stopped him from looking for success in other areas.
Think video games are just for fun? Think again. They're part of the future of learning, says UMBC President Freeman Hrabowski.
Consumers will buy into virtual reality when it offers a convincing sense of being in another place, Sony PlayStation's Rick Marks says.
Insight to the experience with PlayStation 4's new version of Project Morpheus, and when virtual reality could go mainstream, with Richard Marks, PlayStation R&D senior director.
Robert Lloyd, GameStop CFO, provides an outlook on hardware sales. We see a lot of growth coming in Xbox One and PlayStation 4 software - greater than 50-percent in the next year, says Lloyd.