Game industry business news

Activision Blizzard increases financial expectations following strong Q3

It continues to be a red letter day for publisher Activision Blizzard. Alongside the announcement of its purchase of Candy Crush firm King, the firm has announced that it made $990m in GAAP net revenue for the quarter ending September 30th 2015. This is up 24 per cent on the …

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Accessories Update: Nvidia Shield and Turtle Beach Recon 60P

This week, Nvidia advances on the living room with its Shield raised and Turtle Beach has a new headset for PlayStation players Nvidia Shield Android TV The next wave of micro-consoles targeting the living room has arrived, and Nvidia’s Shield device is leading the charge. Nvidia claims the Shield is …

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Streaming firm Hitbox secures $4m in investment

The latest player in the streaming market has secured $4m in funding. Vienna-based Hitbox raised this in a new round of investment which will help it expand its North American operation and worldwide reach. This funding was led by Austrian venture capital firm SpeedInvest, with publisher Wargaming, North Base Media, …

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IHS: Activision-King deal provides short-term boost, less beneficial in the long run

Market analyst IHS Technology has questioned the long-term benefits of Activision Blizzard’s acquisition of Candy Crush firm King. The Call of Duty, Warcraft and Destiny publisher announced its plans to purchase the mobile giant for $5.9 billion earlier today. IHS director and head of gamesPiers Harding-Rollssuggested that the move was …

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Konami says missing PES 2016 transfers will ‘take some weeks’ to patch

The long-awaited transfer update for PES 2016 that arrived last week is missing a number of key transfers. Players were already grumpy about having to wait for a month after launch for Konami to finally update the rosters to reflect all changes up to the end of the transfer window. …

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Amazon will deliver Call of Duty: Black Ops 3 at midnight

Online retail is trying to muscle its way into the midnight launch market. Traditionally gamers who feel they must get their hands on a game the very moment it’s released instead of nine hours later when the shops open can either queue up in the dark and cold for a …

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Konami shuts Metal Gear Online studio – report

Konami has reportedly closed the LA-based development studio responsible for Metal Gear Online. That’s according to Eurogamer, who says that ‘sources close to the matter’ have confirmed that the developer has been shut, with 20 jobs lost as a result. Prior to the game outlet’s confirmation, 3D Realms co-founder George …

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Activision Blizzard buys King for $5.9bn

Two of the biggest names in games are to become one. Activision Blizzard has announced that it will purchase Candy Crush firm King for $5.9 billion (3.8bn), in a deal unanimously approved by both boards. The sum works out to a value of $18 (11.67) per share for the latter …

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Mojang pushes back Cobalt release to February

Mojang’s long in-development third-party release Cobalt has been delayed to February 2016. Previously carrying a release window of October 2015, the game has been pushed back to early next year to account for the console certification process. In honesty, we don’t need four months to fix the outstanding issues, but …

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Kickstarter success Pillars of Eternity sells 500,000 copies

Obsidian’s Kickstarter success Pillars of Eternity has surpassed 500,000 units sold. The milestoneincludes copies given to backers of the game’s original 2012 Kickstarter campaign, which boasted nearly 74,000 backers combining for just under $4m in funding – obliterating the project’s $1.1m goal. Obsidian is still adding to the game post-launch, …

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