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Posts tagged finance

Ubisoft shares drop 25 percent following delays

Yesterday, Ubisoft announced delays for both Watch Dogs and The Crew, two games so highly anticipated that news of these delays prompted Ubisoft stock to shed more than 25 percent of its value. As of now, Ubisoft stock is trading at $8.19 per share. That's a 26.15 percent dip from just yesterday...

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EA executives Andrew Wilson, Stephen Bene unload stocks

Two of Electronic Arts' top-level executives have collectively unloaded a total of 57,085 stocks, following a general increase in EA's stock value after this week's Star Wars exclusivity announcement. According to SEC forms filed yesterday, EA Sports executive vice president Andrew Wilson has sold...

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Project Awakened on hold due to 'alternate funding options,' donors receiving refunds

Phosphor Games has cancelled its self-powered crowdfunding initiative for Project Awakened and will be issuing refunds to everyone that has contributed to the drive thus far, according to a missive of the game's official website. "At this time we need to put our funding endeavor on hold...

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THQ in forbearance agreement with Wells Fargo, CFO resigns

THQ is on the edge of a financial cliff, with its stock currently dangling around $1.25, market capitalization at $8.5 million, and corporate heads exploring financial strategies with a private equity broker. Now, THQ's Chief Financial Officer Paul Pucino has resigned, with no one named as his...

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Microsoft Q3 results: 1.4 million 360s sold, Entertainment division revenue down year-over-year

Despite being the number one best-selling console in America for fifteen months running, the 360's success wasn't enough to prevent Microsoft's Entertainment and Devices Division from being the only section of the company to post a year-over-year decline in revenue during the third quarter of...

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Indie Fund backs Antichamber in an attempt to make the impossible real

Antichamber is the seventh title to receive the financial backing of Indie Fund, who has recently helped in the success of such titles as Q.U.B.E. and Dear Esther. Antichamber has won almost as many awards as the number of years it's been in development -- casually since 2006 and full-time since...

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3DS moves 200K+ units after price drop in Japan, hits 1.5m total

After a precipitous drop-off in sales, Nintendo dropped the price of the 3DS worldwide and, in Japan at least, the early numbers show a strong consumer response. After enjoying a steep 40 percent discount on August 11 -- from ¥25,000 to ¥15,000 -- 3DS sales spiked up the week of August 8...

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1.8 million PS3, 1.8 million PSP units sold from April-June

Sony announced that it sold 1.8 million PS3s worldwide between April 1 and June 30 (Q1 for Sony), a drop of around 600K from Q1 of FY 2010. Though numbers may have slipped, Sony is still predicting an uptick in sales for the whole of FY 2011: 15 million PS3s as compared to 14.3 in the year prior....

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Zynga reveals intent to go public

Zynga today announced the launch of its new, sure-to-be-massive 'Ville social game, in which players from disparate backgrounds will be able to log on, buy a portion of a company through microtransactions and watch their profits grow! This new venture differs from other Zynga hits like...

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Activision CFO Thomas Tippl now COO

Acitvision chief financial officer Thomas Tippl was recently promoted to the position of chief operating officer at the publisher, and will serve double duty as temporary acting CFO while a replacement is found. A filing with the Securities and Exchange Commission from last week detailed the...

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