Groupon, the social buying site that spurned a $6 billion takeover bid from Google earlier this month, has attracted several big institutional investors as it works to potentially go public in 2011, people briefed on the matter told the New York Times.
Microsoft’s Kinect was a solid hit this holiday season, but the game console’s success alone may not be enough to boost the video game industry for next year, said Evan Wilson, entertainment analyst at Pacific Crest Securities.
Facebook likes big numbers — it now has more than 500 million users, each one of whom can have as many as 5,000 friends. Yet as a privately held company, its ownership base must remain small, or it will have to disclose publicly its financial results, the New York Times reports.
"Look at the number of people watching Jay Leno, David Letterman and Jimmy Fallon and combine them," says Activision-Blizzard's CEO. "You still have more people playing ‘Call of Duty’ now."
Paul Sankey, a highly regarded analyst at Deutsche Bank, revealed his best pipeline plays for the new year.
Microsoft told CNBC it wouldn't license or condone such a game. While Kotaku reports this means Microsoft can block the game, it's not clear the software giant will be successful.
Take-Two didn’t just surpass analyst’s expectations for its fiscal fourth quarter yesterday; it crushed them. And in the process, it did something observers and investors have been hoping it could pull off for a decade.
In a world where porn is struggling to make money because so much of it can be accessed for free, here's something new the industry can charge for.
With backings by Oprah Winfrey, Ellen DeGeneres and just about every gift guide the media has written, Kinect for the Xbox 360 has become the “must have” gift of the 2010 holiday season.
Guidance is the ultimate game of connecting the dots to get the real picture. Just look at Best Buy. The company cut guidance for fiscal 2011 to a range of $3.20 to $3.40 a share. Very important to note: That includes 12 cents from year-to-date share repurchases.
As the CEO of the world’s largest consumer-electronics retailer I hear from people every day– our customers, our sales team and our vendors – about how people use the products they buy, how they wish they could use them, and what frustrates them about those products they do use.
I don’t want to be a party pooper, but there aren’t a lot of reasons to think Microsoft stock should react to Kinect at this point. Look at the numbers: Microsoft does about $66 billion in annual revenue, $21 billion in net income.
Retail software sales posted impressive growth over 2009 numbers, marking the first time the industry has posted back-to-back gains this year.
Last November, Activision’s annual “Call of Duty” release ruled the sales charts in a dominant fashion. This year, the story is set to repeat itself.
The New York Times has ten iPad apps that work wonders by making life easier and more fun.
It takes guts to radically alter a game that has 12 million paying subscribers—but when the company doing the tinkering is Blizzard Entertainment, you generally won’t hear a lot of complaints.
Analysts acknowledge that the numbers are welcome news, but warn that investors looking for a return to the industry’s glory days could be in for a disappointment.
Here, we take a look at some of the stories that made headlines, changed lives and stirred public interest: some of the biggest scandals in game show history.
When Oliver Kreylos, a computer scientist, heard about the capabilities of Microsoft’s new Kinect gaming device, he couldn’t wait to get his hands on it. “I dropped everything, rode my bike to the closest game store and bought one,” he said. The New York Times reports.
Activision’s latest “Call of Duty” game continues to set records for the company. The video game publisher announced Thursday that in its first five days on store shelves, “Call of Duty: Black Ops” has generated sales of $650 million.