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Posts tagged SEC

SEC investigating Rhode Island's 38 Studios deal

The 38 Studios epilogue continues with the U.S. Securities and Exchange Commission investigating the $75-million loan provided by the state of Rhode Island to the defunct studio. WPRI reports the SEC probe is examining the taxpayer-backed loan the R.I. Economic Development Corporation (EDC) gave to...

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SEC branding will not be included in future EA college football games [Update: Big Ten, Pac-12 too]

The Southeastern Conference (SEC) announced it will no longer license its trademarks for EA's future college football games. Teams from the SEC won the last seven straight BCS National Championship games in college football, so EA's next college football game will be without the branding of the...

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Activision's Kotick is now among the highest-paid CEOs in the US [Update]

Activision CEO Bobby Kotick is now among the highest-paid CEOs in the United States, Bloomberg reported. According to a document filed to the SEC, Activision increased Kotick's compensation to $64.9 million in 2012. The majority of Kotick's earnings came from stock awards valued at $55.9 million....

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THQ confirms another UFC game in development before selling license

THQ confirmed the development and cancellation of another game in the UFC series in an SEC filing this morning. While not putting exact numbers to the news, the filing noted a year-over-year decrease in sales across the series since 2009. UFC Undisputed 3 failed to sell 2 million units, which was...

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THQ lists how things could go wrong

Every year, THQ files form 10-K (an annual company report) with the Securities and Exchange Commission, and includes a detailed list of "risk factors," or potential problems that could be of detriment to the company. This year's list features a few new items that reflect the vulnerable state of the...

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EA planning upcoming layoffs, 'completed by September 30, 2012'

EA today confirmed plans to enact a "restructuring" among its employees, resulting in an unnamed number of layoffs companywide. The restructuring is part of EA CEO John Riccitiello's move toward digital – an initiative that aims to alter the composition of EA's staff from one in eight...

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THQ CEO Farrell takes 50% pay cut, board of directors also takes cuts

THQ is definitely experiencing some troubles related to its uDraw flop and subsequent layoffs, as evidenced by a new document filed with the Securities and Exchange Commission. President and CEO Brian Farrell will take a pay cut for the year starting February 15, which reduces his salary from...

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THQ confirms layoffs of 240 employees [updated]

THQ has confirmed planned layoffs of "up to 240 selling, general and administrative personnel worldwide," with plans to finalize the proceedings by September 30, 2012. The company promises that the "majority" of said layoffs will occur before March 31, 2012 and many of the employees affected have...

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Zynga's profit drops 95 percent in year-over-year Q2

Zynga's profit fell from $27.2 million in Q2 2010 to $1.3 million in Q2 2011, a 95 percent decrease, an IPO filing with the SEC revealed Wednesday. Zynga's profit measures how much money the company is truly retaining, while revenue measures how much it is making, before expenses. To that end,...

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Fallout Online's future in doubt as Interplay crumbles

Fallout Online and several other Interplay-developed titles may be in serious jeopardy, according to a US Securities and Exchange Commission report filed by Interplay last week. Develop discovered the filing, which spells out dire financial concerns for the immediate future of the company....

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