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Video Game Sales Rise Ahead Of PlayStation 4, Xbox One Release
Friday, September 13, 2013 - 2:04pm | 761After two years of declines, the video game industry is beginning to rebound. According to The Wall Street Journal, sales of new hardware (consoles like Xbox 360 and handhelds like Nintendo 3DS), new software and accessories have risen one percent in the United States. The collective sales of...
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Should Game Makers Worry About the Shift to Non-Gaming Entertainment?
Sunday, April 28, 2013 - 9:56am | 956In 2012, Yusuf Mehdi -- the man in charge of Microsoft's (NASDAQ: MSFT) interactive entertainment business -- told the Los Angeles Times that the average Xbox-owning household spends an average of 84 hours a month using Xbox Live. While gaming continues to be a popular draw for the console, it has...
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Will Take-Two's WWE Pact be the Firm's Kiss of Death?
Sunday, March 3, 2013 - 6:30pm | 571As the publisher of Grand Theft Auto, BioShock and NBA 2K, Take-Two Interactive (NASDAQ: TTWO) is one of the most popular publishers in the world. The company's market cap may be small -- $1.25 billion versus Electronic Arts' (NASDAQ: EA) $5.4 billion and Activision's (NASDAQ: ATVI) $16 billion...
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THQ Files for Bankruptcy, Sells Assets to Clearlake Capital Group
Wednesday, December 19, 2012 - 4:06pm | 478Video game developer THQ (NASDAQ: THQI) has announced that it has filed for bankruptcy. The company has secured an asset purchase agreement with Clearlake Capital Group "to acquire substantially all of the assets of THQ's operating business, including THQ's four owned studios and games in...
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THQ Lost 12% to Save Consumers $200
Monday, December 17, 2012 - 12:23pm | 497When THQ (NASDAQ: THQI) announced that it would conduct a Humble Bundle, enabling consumers to purchase a large package of games for $1 or more, investors ran for the door. THQ declined by more than seven percent on the first day alone. In total, THQ has lost more than 12 percent since the bundle...
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How Low will THQ Go After Expanding its Humble Bundle?
Friday, December 7, 2012 - 2:11pm | 380Shares of THQ (NASDAQ: THQI) have been plummeting ever since the company announced its first Humble Bundle. The charitable collection (which includes several of THQ's most popular games) was viewed as a major win for consumers. Investors were not pleased with the decision, however, as they may have...
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THQ's Humble Stumble
Tuesday, December 4, 2012 - 1:57pm | 696Price cuts are not a perfect solution to lagging game sales. However, on August 29, 2011 (the day after Nintendo (OTC: NTDOY), lowered the domestic price of Super Mario Galaxy), the stock rose more than three percent. By year end, Mario Galaxy had experienced a sales increase of more than 59...
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THQ Drops Another 5% as the Humble Bundle Tops $3.3 Million
Monday, December 3, 2012 - 5:28pm | 553THQ (NASDAQ: THQI) had hoped that it could build buzz, sell some games and help a couple of charities by launching a Humble Bundle. With earnings of more than $3.3 million (and new articles popping up in the gaming press every day), THQ might accomplish this goal. But investors do not seem to care...
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THQ Humble Bundle Earns $2.3 Million as Investors Flee
Friday, November 30, 2012 - 3:00pm | 931THQ (NASDAQ: THQI) has dropped more than seven percent today after launching a new Humble Bundle that includes seven of the company's most popular games. Saint's Row: The Third, Darksiders, Metro 2033, Red Faction: Armageddon, Company of Heroes, Company of Heroes: Opposing Fronts and Company of...
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THQ Throws in the Towel
Tuesday, November 6, 2012 - 4:05pm | 489THQ (NASDAQ: THQI), the company best known for developing Saints Row and a number of popular wrestling games, has given up. It is hard to remember the last time THQ earned a profit. The company has been losing money and disappointing investors for more than 18 months. THQ's problems escalated...
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Video Game Makers Expected to Post Losses
Monday, July 30, 2012 - 11:00am | 546In the wake of last week's disappointing earnings and slashed guidance from Zynga (NASDAQ: ZNGA) and wider-than expected net loss from Nintendo, other video game makers are scheduled to share their most recent quarterly results this week. Analysts on average expect to see net losses and declining...
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Disney Dumps THQ, Teams with Activision for Wreck-It Ralph Game
Tuesday, June 26, 2012 - 2:21pm | 483After a few failed attempts at developing and publishing its own games, Disney (NYSE: DIS) has announced a partnership with Activision (NASDAQ: ATVI) that will bring Wreck-It Ralph to three Nintendo (NTDOY) game devices. Based on the upcoming animated film of the same name, Wreck-It Ralph is being...
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Should Call of Duty Be Worried by Battlefield 3's Massive Sales Figures?
Tuesday, November 1, 2011 - 9:58am | 922Activision's shooter may be the leader, but Electronic Arts has shown that it has what it takes to compete. Yesterday afternoon, Electronic Arts (NASDAQ: ERTS) announced that Battlefield 3, the long-awaited first-person shooter that aims to put a bullet in Call of Duty's head, has sold five...
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Five Ghoulish Tech Stocks for Halloween
Friday, October 28, 2011 - 1:15pm | 1978These stocks are downright scary. It's that time of the year again. A time when grown men and women dress up as their favorite film, TV and video game characters, all in the name of partying on a holiday that was once reserved for candy-seeking children. Of course, I've never felt that it was...
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Zynga "Appeals to the Same Psychology as Gambling," Says Analytics Expert Jeff Tseng
Friday, August 12, 2011 - 11:20am | 616It looks like casinos may have finally met their match. When users log into Facebook each day, they don't think that they are entering a gambling arena. When they jump into FarmVille, they don't see it as a virtual slot machine. But ask Jeff Tseng, the co-founder and CEO of user analytics firm...