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
Carl Icahn and Take Two Interactive Software are hardly strangers. The investor raised eyebrows Thursday after reporting an 11.3 percent stake in the video game publisher. Given his activist shareholder history, some took that as a sign that Take Two would soon be back on the sales block.
Take Two Interactive Software on Thursday reported fourth quarter earnings that were in line with the updated guidance it issued earlier this month. The company lost 28 cents per share, compared to a 20 cent per share loss in 2008. Net revenue, at $343.4 million, was slightly higher than the 2008 figures.
Sony Corporation and RealD just announced a technology partnership to bring 3-D technology to your living room. The terms of the deal weren't announced, and despite some prodding, Sony wouldn't reveal any info on how soon we might get affordable 3-D televisions in our living rooms.
A list of the year’s 10 best selling games through the end of November shows titles for the Nintendo Wii and DS filling six slots— with 15.5 million units sold. That’s over 58 percent of the list’s total sales.
GameStop made gains Friday morning on news that its targeted business is booming.
The largest entertainment launch of the year wasn’t enough to push video game sales into positive territory in November, raising concerns about the overall health of the industry.
Take Two Interactive Software has always fought against its reputation as a company with one bullet in its gun: the Grand Theft Auto series. In recent years, it seemed to be making some headway in those efforts, building a number of strong, if not super-powered, franchises that were far removed from its flagship title.
A brewing price war over video games is taking its toll on the industry’s top specialty retailer.
The effects of pornography on its viewers may not be as negative as widely thought, according to new research from the University of Montreal.
To promote its latest version of EA Sports Active, EA Sports More Workouts, Electronic Arts last week opened two one-month trial spaces where consumers can test the exercise game.
Hell hath no fury like a video game programmer scorned. Last week, Electronic Arts shut down its LA-based Pandemic Studios, which it bought two years ago as part of an acquisition that cost $775 million in cash and stock, a record at the time, according to the Los Angeles Times.
To say “Call of Duty: Modern Warfare 2” is a hit is akin to calling the Atlantic Ocean a bit humid. The video game has shattered sales records throughout the entertainment industry – besting other games, films and books.
Stocks snapped a three-day losing streak Monday after an encouraging report on existing-home sales and a pullback in the dollar.
Stocks rallied Monday after an encouraging report on existing-home sales and a pullback in the dollar.
Stocks opened higher Monday as the dollar pullled back and gold hit a new record above $1,170 an ounce. The Dow was up more than 100 points at the open and continued higher after a report showed a sharp jump in existing-home sales.
A holiday-shortened trading week begun with all signs pointing to a higher open for Wall Street on Monday, with the dollar weakening and gold hitting a new record high above $1,167 an ounce.
The television industry has known for years that video games are a threat to viewership, but a new pilot program might finally give some insight into exactly how big that threat is.
Sales of Activision Blizzard's latest game is breaking gaming records and giving Hollywood a run for its money, literally.
With a crucial holiday approaching for video game makers, Reggie Fils-Aime, President and COO of Nintendo America, said he expects the close release dates of big-name titles "Call of Duty" and "Super Mario Bros. Wii," out Sunday, to revive the industry from its sales lag.
After a brief sales increase in September, video game sales took another nosedive in October — but the bad news may finally be over.