Games Finance


Disney Plans To Sell Video Game Company FoxNext

Disney plans to sell FoxNext, the video game business acquired through their purchase of 20th Century Fox’s entertainment assets, Bloomberg reports. FoxNext, founded two years ago, makes freemium mobile games based on entertainment properties like Marvel Strike Force, which took in more than $150 million its first year. The company had games based on its […]

starbreeze Studios logo

Starbreeze Currently Lacks the Funds to Continue Operating for Another Year

Starbreeze released their first quarter financial report for this year, and things are looking a bit grim for the studio. The studio has been in trouble for quite some time after Overkill’s The Walking Dead failed to meet sales expectations, they also lost their CEO Bo Andersson shortly after, and they sold back the publishing rights to System […]

Activision Blizzard CFO Spencer Neumann Leaves to Join Netflix

In a filing with the Securities and Exchanges Commission, Activision Blizzard announced that they were terminating the contract of Chief Financial Officer Spencer Neumann. The reason given by the publishing company wasn’t stated, as the report claims the termination is “for cause unrelated to the Company’s financial reporting or disclosure controls and procedures.” For now, […]

PAX Unplugged: Curation and Podcasts’ Effects on the Tabletop Industry

  PAX Unplugged’s “State of the Game Industry” panel is always a place for interesting insights into the board and tabletop gaming industry. This year’s panel included Renegade Game Studios’ Scott Gaeta, CEO of Wizkids Justin Ziran, Alliance Game Distributors’ Vice President Mike Web, Millennium Games’ Owner Travis Severence, and Mandi Hutchinson of The Dice Tower. According to […]

Starbreeze Starts Cutting Costs After Overkill’s The Walking Dead Underwhelms

In a press release, Starbreeze Studios announced it would be cutting back on future projects due as initial sales revenue from Overkill’s The Walking Dead were lower than forecasted. Because the sales were higher in low-price countries, the overall sales were too low to cover the license fee of $10 million USD. From the release: A […]

Call of Duty Black Ops 4

Call of Duty: Black Ops 4 Was October’s Best Selling Game

According to the latest results from the NPD, Treayarch and Activision’s Call of Duty: Black Ops 4 was the best selling game for October of this year. Black Ops 4 may have had some rather stiff competition with Red Dead Redemption 2 and Assassin’s Creed Odyssey, but COD managed to take the top spot regardless. AC Odyssey was the best selling […]

EA Credits FIFA, Battlefield 1, and The Sims for Strong Q4 Growth

EA has released its investor report for the fourth quarter and end of fiscal year, which ended on March 31st, 2018. The company pinned much of its solid growth over the quarter (and over the year) on franchises like Battlefield, FIFA, and The Sims. The EA Sports franchises have grown to nearly 90 million players on current generation […]

GTA Online Continues to Be a Top Seller for Take Two Interactive

Take Two Interactive has released its Fourth Quarter and End of Year 2018 investor report, which mostly holds to what we’ve seen of the company previously. In terms of their fourth quarter sales numbers, GTA Online, Grand Theft Auto V and NBA 2K18 were the top performers, though mention also went to Sid Meier’s Civilization VI, WWE 2K18, WWE Super Card, Dragon […]

Path of Exile Bestiary

Tencent Acquires Majority Stake in Path of Exile Dev Grinding Gear

In a Q&A on the Path of Exile forum (via Gamasutra), developer Grinding Gear Games has announced that Chinese publisher Tencent Games has acquired a majority stake in the development studio. This news does not mean that Grinding Gear Games is now part of Tencent, and the studio insists that the stake won’t change how they operate. […]

Square Enix’s End-of-Year Net Sales Down Due to Lack of Blockbuster Releases

Square Enix has released its end-of-year report for fiscal year 2018 (ended on March 31st, 2018), which saw an small decrease in net sales (2.5% down from fiscal year 2017). However, the company’s operating income saw an increase of 22% and ordinary income saw an increase of 16.0%, so it wasn’t a total wash. The […]

Activision Blizzard

Activision Blizzard Announces Record First Quarter Thanks to Player Engagement

Activision Blizzard has released their combined first quarter earnings report for fiscal year 2018, with the quarter ending on March 31st, 2018. The company announced a record first quarter of sales, which they credit to the immense amount of player engagement in their many franchises, but with an emphasis on Overwatch and Call of Duty. “Activision Blizzard […]

Nintendo Switch Red Blue

The Nintendo Switch Has Sold Over 17 Million Units

Nintendo has revealed their most recent financial report, giving out specific numbers on everything from the Nintendo Switch console to their own games. It’s no secret that Nintendo has done exceptionally well. It became the fastest-selling console in history, and you don’t have to walk around far to see someone playing with one somewhere on a commute. […]

Nintendo

Nintendo Had An Incredible Second Quarter Thanks To The Switch

Nintendo had a record second quarter, with some pretty impressive six months results coming in as well. And it is all down to how well the Nintendo Switch has done since launch back in early March. Nintendo’s second quarter ended on September 30, 2017 which means that sales for Super Mario Odyssey were not included in […]


Destiny 2

Activision Claims Destiny 2 Is The Biggest Selling Game Of The Year, So Far

Activision Blizzard’s third quarterly report has hit us and the numbers look pretty darn good for the company despite the recent backlash against the publisher‘s use of micro-transactions. The company reports that Destiny 2, its biggest release so far this year, has been the best selling console game in the U.S. so far in 2017. […]

EA Had An “Outstanding” First Quarter Due To Battlefield And Star Wars

EA released their earnings report for the first quarter of fiscal year 2018 this week, which credits their “outstanding” success on the profits earned from Battlefield 1, their numerous Star Wars titles, and their massive EA Sports portfolio. Specifically, CEO Andrew Wilson said during the earnings call, “Q1 was an outstanding quarter, with thriving player communities in […]

Konami Has “High Hopes For The Game’s Industry” After A Strong First Quarter

Today Konami released its financial results for the first quarter of fiscal year 2018, which ended on June 30th, 2017. The company did shockingly well, considering their lack of major western releases in the quarter, with the company’s revenue being up a nice 12.8%, operating profit being up 34.2%, and profit before income tax being […]

PlayStation

PlayStation 4 Was Again The Best Selling Console In June

PlayStation had its best June ever, according to analysts at the NPD Group. Over all, hardware and software saw a 7% increase over the same period last year which is only good news for gamers. It means the industry is growing, which means we’ll get to see more games and more hardware, and we all […]

Laptops Are The Top Selling In 2017’s Tech Market

The latest report for the NPD Group indicates that the leader in technology sales, despite all other possible items, are mid to high end laptops. With the first quarter of 2017 well behind us, the NPD Group looked at tech sales using a broad definition of what constitutes as technology, it is the sale of […]