Tag Archives: losses

Publisher THQ has reported increased losses of $47m for its second quarter ending September 30th. That’s up on the $5.6m loss it registered in the same quarter a year before. Net sales hit $77m, somewhat down on the $101m reported in 2009. Unusually, it was Nintendo’s DS that performed the …

EA has announced a loss of $201m for the quarter ending September 30th 2010 – that’s nearly half the $391m loss the publisher reported in the same period in 2009. The company now claims to be the No.1 publisher on HD platforms (PS3 and Xbox 360) with a total market …

Platform holder Nintendo has revealed that it has suffered a 2.01bn ($25m) loss for the six months ending September 30th 2010. This compares to a 69.5bn profit in the same period a year before. Operating income fell from 104.4bn to 54.23bn while net sales fell significantly from 548.06bn to 363.16bn. …

Publisher EA has confirmed to MCV that rumours of job losses across the organisation are correct. We have announced a small number of job eliminations,” an EA US spokesperson told MCV. As you know, seasonal roll-offs that follow game launches are common and vital to maintaining a healthy business. Because …

Microsoft’s once-prosperous in-game advertising outfit Massive Inc has, as had been rumoured, closed down, the publisher has confirmed. Having initially bought the group for an estimated $200-400 million, Microsoft will now move Massive’s operations in-house. The announcement that a small” number of staff will be retained was the only signal …

Developer Krome Studios has closed its doors resulting in all staff losing their jobs, according to reports on IGN. The closure was finalised last Friday, though there’s a chance a small number of devs might stay on for a limited time to finish off existing work. The reason for the …

Developer Raven Software, the studio behind recent first person shooter release Singularity, has been hit with mass layoffs, according to reports. Kotaku says that around 40 positions have been cut. Owner Activision has not confirmed the number, though did say in a statement: With the recent completion of Singularity, Raven …

Star Wars developer LucasArts has issued redundancy notices to an unspecified number of staff at its San Francisco studio, the company has confirmed. The news adds to a wider picture of a group subjected to tumultuous policy change and swift restructuring, with key executives and longstanding designers quitting unexpectedly. A …

Publisher Sega has released an official statement confirming comments by Sega West boss Mike Hayes last night, which broke the news that a total of 73 jobs are to be lost across its London and San Francisco office. It reads as follows: As of today Sega will implement a re-organisation …

Publisher Sega is to massively overhaul its Western operations in a move that will result in both a loss of jobs and a massive realignment toward the growing digital distribution market. 73 jobs are to be lost in total, with 37 losses at Sega’s London office and 36 in San …