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Posts tagged @business

Microsoft's Xbox revenue up 14% thanks to console sales

Microsoft reported an increase in revenue for the Xbox platform to the tune of $104 million, or 14 percent, in its fourth quarter results (ending June 30). Xbox One and Xbox 360 sales teamed with the company's Surface sales to boost its Computing and Gaming Hardware category by 23 percent for the...

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EA's revenue climbs to $1.21 billion in Q1 2015

Electronic Arts reported a net revenue of $1.21 billion for the first quarter of the fiscal 2015 year (a three-month period that ended on June 30). That represents just over an eight percent increase compared to the company's revenue in the previous quarter ($1.12 billion) and a 27.9 percent...

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Report: Former Bungie composer O'Donnell settles case

Former Bungie composer Marty O'Donnell's "without cause" termination from the company has concluded with a settlement between the Halo and Destiny tunesmith and Bungie studio head Harold Ryan, reports VentureBeat. The settlement will net O'Donnell a little over $95,000 in unpaid work, vacation...

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Facebook's acquisition of Oculus is now official

Facebook's $2 billion acquisition of Oculus VR closed today, officially cementing the deal that was announced in March. Oculus and Facebook are as inseparable as a vampire squid wrapped around the face of humanity. Or a tech company and another tech company targeting a slightly different market. ...

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Stiq Figures, July 7 - 13: Video games IN SPACE edition

Welcome to Stiq Figures, where the sales data is after the break and the posts don't matter. It seems like this week's conversation was dominated by Destiny beta talk, which makes sense given expectations circling Bungie's shooter and the general summer drought. Not everyone can get into a...

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Chroma Squad dev discussing ultimatum with Power Rangers owner [Update]

Chroma Squad developer Behold Games added a backers-only update to its Kickstarter page yesterday informing the game's funders that it is negotiating a royalty-share deal with Power Rangers owner Saban. According to the update, Saban contacted Behold Games about Chroma Squad and found the game was...

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Europe wants better safeguards on in-app iOS purchases

It appears the European Commission isn't thrilled with Apple's slow movement to provide more safeguards from accidental in-app purchases made on its devices. The administration issued a press release today discussing joint action from the firm and member states to enforce better protection for...

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June NPD: Hardware sales up, Watch Dogs and Mario Kart top games

June was a big month for the gaming industry, according to the NPD, as hardware sales shot up by more than 100 percent, and collective sales of hardware, software and accessories grew by 24 percent. "The 106 percent increase in hardware sales was lifted entirely by console hardware sales, which...

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Microsoft to shutter Xbox Entertainment Studios [update]

Following the 18,000 layoffs Microsoft announced this morning, the tech giant has also confirmed reports that it will be closing its Xbox Entertainment Studios division within the next few months. Though the closure of Xbox Entertainment Studios will drastically reduce Microsoft's plans for...

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Nexon, Wargaming, Zynga CEO back mobile startup fund

Venture capital firm London Venture Partners is offering initial funding for mobile game development startups. The firm plans to invest between $50,000 and $500,000 into developers that are primarily in Europe. LVP General Partner Paul Heydon told TechCrunch that the firm plans to invest in 20 to...

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