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Posts tagged business

Report: Sega to purchase Atlus' parent company for 14 billion yen [update: confirmed]

Following reports of Sega bidding on Atlus parent Index Holdings, parent company of Atlus, Japanese media company Nikkei has reported that Sega Sammy will purchase Index Holdings for 14 billion yen ($141.6 million). The deal is to be concluded in November. Sega rattled its cup at the grave of...

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Shareholder sues Activision Blizzard over buyback from Vivendi

Activision Blizzard shareholder Todd Miller has filed a lawsuit over the company's recent purchase of Vivendi's 85 percent majority stake in Activision, Courthouse News Service reported this week. Miller's lawsuit against Vivendi, Activision and its board of directors, including CEO Bobby...

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EA's Wilson wants to 'reestablish Origin as a service to gamers'

EA's Vice President Andrew Wilson told GamesIndustry International at E3 this year that the company plans to "really re-establish Origin as a service to gamers, not as a means to drive transactions." Wilson was on the initial team that planned out Origin, which he said was originally designed as...

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Sony to begin manufacturing PlayStation 3 units in Brazil

Sony has announced plans to build PlayStation 3 systems locally in Brazil. The consoles will be manufactured in Manaus by Sony Brasil Ltda., with the 250 GB version costing 1,099 Reals. Major upcoming games The Last of Us and Grand Theft Auto 5 are getting localized releases in Brazilian...

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Twin Galaxies accepting record score submissions, now at a cost

Legendary arcade scoring organization Twin Galaxies had to take a break from tracking scores for about six months as the company went through a transition last year, but as of last week it's back in business and ready for score submissions. There is one catch, however. The company charge to report...

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Sony's Yoshida: getting third-party support on Vita more difficult than anticipated

Sony Computer Entertainment Worldwide Studio president Shuhei Yoshida says the manuacturer is having a harder-than-expected time convincing publishers to develop game for the PlayStation Vita. "We're having a more difficult time than we had anticipated in terms of getting support from third-party...

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EA claims First Amendment protections against expected helicopter lawsuit

Electronic Arts is seeking First Amendment protections in an upcoming legal dispute with the maker of military helicopters featured in Battlefield 3. Kotaku reports that Textron, the parent company of Bell Helicopters, asked EA on December 21 to cease the depictions of three of its aircraft found...

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uDraw hasn't fared so well on Xbox 360 and PS3, THQ lowers its forecast

THQ has lowered its earnings forecast for the third quarter of the 2012 fiscal year, citing underwhelming sales of its recently multiplatform uDraw tablet. THQ CEO Brian Farrell explained in a press release, "Despite uDraw's strong success on the Wii in fiscal 2011 and market research...

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THQ's sales 'exceeded expectations' in Q2, Space Marine sold 1.2 million

THQ has announced financial figures for the second quarter (July through September) of its 2012 fiscal year. Despite having a release schedule that any company would consider light, it managed to bring in net sales of $146 million. That's a pretty significant increase over the $77.1 million it...

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Sony predicting another year of losses, despite growing games sales

2011 hasn't been the best of years for the electronics manufacturing giant known as Sony. Its not just that the company's television and mobile phone divisions have failed to gain much ground against their competitors, but a string of bad luck -- a major Japanese earthquake, flooding in Thailand,...

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