Take-Two raised its full-year adjusted revenue forecast to $1.48- $1.53 billion from $1.33- $1.43 billion and its adjusted profit forecast to $1.65- $1.75 per share from $1.00- $1.15. This was 49 percent lower than a year earlier- a quarter that included the re-release of "Grand Theft Auto V" for the latest gaming consoles, as well as the launch of "Borderlands: The...» Read More
Oct 29- Electronic Arts Inc raised its full-year profit and sales forecasts, betting on the highly anticipated launches of "Star Wars: Battlefront" and "Need for Speed" titles. The video game publisher raised its full-year adjusted revenue forecast to $4.50 billion from $4.45 billion, and its adjusted profit forecast to $3.00 from $2.85 per share.
Oct 29- Electronic Arts Inc raised its full-year profit and sales forecasts, betting on the highly anticipated launches of "Star Wars: Battlefront" and "Need for Speed" titles. The video-game publisher raised its full-year adjusted revenue forecast to $4.50 billion from $4.45 billion, and its adjusted profit forecast to $3.00 from $2.85 per share.
*Nintendo shares slide 10 pct, reversing early gains. TOKYO, Oct 29- Japan's Nintendo Co on Thursday pushed back the much-awaited launch of its videogame service for smartphones by a few months to March 2016, disappointing gaming fans as well as investors who drove its shares down by more than 10 percent. Chief Executive Tatsumi Kimishima, a former banker who...
The latest edition of Microsoft's $4.6 billion franchise known as Halo is being released today. CNBC's Julia Boorstin takes a look at what's riding on this game.
Digital game revenues were boosted in September by higher spending on console games and growth in the mobile space, SuperData Research said.
A big part of Kabam's push to put more resources into fewer games is licensing highly recognizable properties like "Star Wars."
MADRID, Oct 18- Many countries around the world offer tax rebates or tax credits to attract foreign film or TV productions, as well as animation or video game projects, which can boost local economies. Spain is trying to catch up, with a 15 percent rebate for international production costs up to a cap of 2.5 million euros as it hopes to create jobs and bring...
Poland is a thriving and successful hub for video game development in Europe, but developers are facing a shortage of fresh talent.
LEGO is the latest toy-maker to dip its toe into the $4 billion toys-to-life market, an emerging genre of play that attempts to combine physical toys with digital experiences.
Sony swings at Microsoft by cutting the price of its Playstation 4 console by $50 to $349.99, effective Friday.
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
Neptune Group, one of the gambling hub's biggest junkets, said it may have to wind down operations if the number of VIP gamers continues to fall.
BEIJING, Sept 29- Microsoft Corp and its Chinese partner in an Xbox game console venture have been fined by China's commerce ministry for breaching antitrust rules but escaped serious punishment after it deemed they did not hamper free market competition. Microsoft and Shanghai Oriental Pearl Media Co Ltd, known as BesTV, were fined 200,000 yuan each for...
Video platform YouTube has announced it will enable mobile game streaming from its Android app.
*PlayStation 4 start in China no "rocket launch"- Sony gaming head. TOKYO, Sept 17- China's strict censorship rules are limiting Sony Corp's sales of PlayStation 4 in the country even after a ban on foreign gaming consoles was lifted last year, the head of the Japanese company's gaming division said. Sony started selling PlayStation 4 consoles in China in March,...
Minecraft is insanely popular, with more than 20 million copies sold worldwide. Zaniac, an education company, uses the video game to teach math and physics.
The NFL season kicks off tonight on NBC, along with the fantasy football craze. Nigel Eccles, FanDuel CEO & co-founder, discuss the success of the daily fantasy sports and growth potential.
Aug 27- GameStop Corp said it expected robust revenue growth in the second half, helped by a strong slate of video game releases and growth in its mobile and consumer electronics businesses. Activision Blizzard Inc's "Destiny: The Taken King", Microsoft Studios' "Halo 5: Guardians" and Ubisoft's "Assassin's Creed: Syndicate" are set to be released in the third quarter.
Aug 27- GameStop Corp, the world's largest retailer of video games and related products, reported higher-than-expected quarterly revenue and profit, helped by new releases such as "Batman: Arkham Knight" and "The Witcher 3: Wild Hunt". GameStop is set to benefit from a strong slate of video game releases in the second half of the year, mainly in the fourth quarter, such...
YouTube launches a competitor to gaming site Twitch.