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Posts tagged Financials

Investors plug $6 million into Majesco

Majesco Entertainment completed an investment round that resulted in $6 million in funding, the Cooking Mama publisher announced today. $1 million of the funds were issued to the company with the rest stashed in escrow until certain, as-yet-unknown conditions are met by Majesco. The company also ap...

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Sony will not renew its FIFA sponsorship

Sony will reportedly not renew its FIFA sponsorship and will instead spend its money on structural reforms, according to Nikkei. The electronics giant began sponsoring the global soccer organization in 2005, signing an eight-year, 33 billion yen ($277 million using current rates) contract, which is...

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GameStop stock drops on declining sales, despite new hardware

GameStop's third quarter financial results show global sales are down for the quarter ended November 1, 2014, totaling $2.09 billion, compared to 2.11 billion over the same period last year. Net income fell to $56.4 million, as compared to $68.6 million during the third quarter last year. Despit...

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Majesco doubting 'ability to continue' following layoffs

Majesco has fallen on hard times, as the Cooking Mama publisher "implemented a reduction of our workforce to reduce our fixed costs," according to recent SEC filings. The company's layoffs came at the very end of October, just after its independent label Midnight City launched Costume Quest 2 on PS...

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Bandai Namco income, sales up in first half of fiscal 2015

Bandai Namco's first half of fiscal year 2015 – April 1, 2014, to September 30, 2014 – is on the up and up: Net income hit 21.3 million yen ($184,000), an increase of 8.5 percent year over year, and net sales hit 259.3 million yen ($2.2 million), an increase of 13.5 percent. Operating i...

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Disney Infinity takes Interactive division into profit and beyond

Disney Interactive posted $116 million in annual operating profit, which is the first time Disney's gaming arm has made a yearly gain under its current setup. The figure represents the division's profit for the fiscal year that ended September 27, 2014, underlining the impact of Disney Infinity and...

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Square Enix reports year-over-year increase in sales, income

Square Enix reported 35.4 billion yen ($308.6 million) in net sales for the second quarter, ending September 30. While that represents a 6.3 percent drop from the company's first quarter results, its six-month net sales of 73.1 billion yen ($637.9 million) is an 18.6 percent boost year-over-year. A...

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Activision rakes in $753 million in revenue for Q3 [Update]

Activision reported $753 million in net revenue for the third quarter (ending September 30), a nine percent increase over the publisher's $691 million in revenue recorded for the same period last year. A record 67 percent of the company's revenue came from digital channels, according to Activision'...

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PlayStation Plus subscriber count adds up to 7.9 million

7.9 million users are signed up to PlayStation Plus, a figure Sony said was a factor behind the success of the company's games division last quarter. Chief Financial Officer and Executive Vice President Kenichiro Yoshida divulged the subscriber count during Sony's investors call, following its earn...

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PS4 sales up to 13.5 million consoles

Sony reported 309.5 billion yen in sales ($2.77 billion) for its Game and Network Services division for the second quarter, ending September 30. It represents an 83.2 percent improvement year-over-year thanks to the continued success of the company's latest home console, PlayStation 4. Shipments fo...

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