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Posts tagged investors

Nintendo president: Expect 'Nintendo-like' profits in 2016 [Update]

Nintendo President Satoru Iwata recently acknowledged the long rebuilding process the company is mired in to become increasingly profitable again in the coming years. While unable to offer specific numbers, he toned down expectations for the coming financial year (FY 2014) as well as the next one...

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Kickstarted sword-fighter Clang pauses development, seeks further investment

Developer Subutai Corporation rececntly announced that it has "hit the pause button" on the development of Clang. The project earned $526,125 on Kickstarter in July 2012, though it has apparently run out of resources in the meantime, leading the developer to focus on luring investors to fund the...

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Oculus Rift using its millions to hire more staff

The Oculus Rift creators recently secured $16 million in funding from investors, on top of their September Kickstarter bounty of $2.4 million – and they're going to use that cash to bulk up the team. "We're using the funding to ramp up on hiring more smart people, the best and brightest...

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Oculus Rift secures $16 million in first round of investor funding

The first round of investor funding for Oculus Rift brought in $16 million, with contributions from Spark Capital, Matrix Partners, Founders Fund and Formation 8, the Oculus team announced today. This funding is separate from the Oculus Rift Kickstarter campaign, which asked for $250,000 and...

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THQ suspected of misleading investors about uDraw

A Georgia law firm is investigating THQ to determine if it misled investors about the stagnant demand for its uDraw tablet, before discontinuing its production in February. Holzer Holzer & Fistel assert that THQ may have withheld information about decreased demand for the uDraw, and may have...

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Planet Moon studios loses funding, Bigpoint acquires staff

It was a less-than-happy holiday season for the folks over at Planet Moon Studios, it seems -- multiple sources are reporting that the studio responsible for games such as Giants: Citizen Kabuto and Armed & Dangerous ran out of funding last December, due to the loss of a "substantial amount" of...

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Iwata says 3DS will beat 3DTVs to mass market

A lot of the scuttlebutt we've been hearing about 3D and video games has been centered around 3DTVs (and this week's Call of Duty: Black Ops release has been impressing some folks with 3D-enabled televisions), but Nintendo CEO Satoru Iwata says that if anything ushers 3D out of the movie theaters...

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SouthPeak says CDV dispute is resolved, wasn't cheap

SouthPeak Games CEO Melanie Mroz told investors this week that the ongoing legal argument between her company and distributor CDV has been resolved, and while full terms of the agreement weren't released, SouthPeak attributes a solid chunk of its $5.8 million in losses to the legal issues. Mroz...

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Score $5 million in funding for Gaikai

David Perry's "It's not OnLive" service, Gaikai, recently gained $5 million in venture capital, a Security and Exchanges Commission filing shows. For the uninitiated, basically Perry wants to beam games directly into your house. We imagine the tech behind it is kinda like that crazy set-up the...

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Investors 'getting carried away' by BioShock buzz says analyst

Following the rise in the Take-Two stock price, Nollenberger Capital Partners analyst Todd Greenwald tells GameDaily BIZ that BioShock is "not the next GTA" and he thinks investors are "getting carried away." Greenwald says he expects BioShock will beat sales expectations (which were originally...

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