Industry News - Page 7

News: Tecmo Koei Slices Team Ninja in Two

Tecmo Koei Slices Team Ninja in Two

The company is reorganising after big profits

Tecmo Koei has been doing pretty well for itself recently. Last year it recorded a net profit of $27.9 million (£17.7 million) between the beginning of October and the end of December, which was a staggering 291.7% increase on the previous quarter. Now the company has announced it is reorganising its...

News: EA CEO John Riccitiello Resigns

EA CEO John Riccitiello Resigns

Decision made after poor financial results

Electronic Arts' John Riccitiello has handed in his letter of resignation and will be stepping down from his position as chief executive officer on 31st March 2013 after being in charge of the company for six years. Larry Probst, who was the publisher's CEO from 1991 to 2007, will be the man in charge...

News: Nintendo of America Reorganising its Operations

Nintendo of America Reorganising its Operations

New York employees heading to Redmond

Nintendo is reorganising its operations in North America by moving some of its employees from the Park Avenue offices in New York to those in Redmond, Washington. A much smaller office will soon open up in New York, where a few staff will remain. For those of you who are worried, the Nintendo World Store isn't...

Talking Point: Nintendo's Stock Jump Bodes Well for the Value of Potential

Nintendo's Stock Jump Bodes Well for the Value of Potential

History and pedigree in the industry are vital weapons

This week brought some interesting and, perhaps, unexpected news. Nintendo's stock jumped a little over 7% on the Osaka Stock Exchange, a boost attributed to factors such as a weakening Yen being a benefit against trade in the U.S., while positive economic news from the big N's most valuable...

News: Nintendo's Stock Price Jumps Higher than Mario

Nintendo's Stock Price Jumps Higher than Mario

Happy shareholders spotted smoking cigars and drinking expensive brandy

Sometimes relatively obscure financial news can bring rather nice vibes for Nintendo and its fans, such as today's confirmation of a fairly meaty jump of over 7% in share price, to 10,330 Yen — roughly $110 / €85 / £73. While it'd be nice to think that this surge in value...

News: Ubisoft "Satisfied" With Wii U Launch, But Notes Low Software Tie-In Ratios

Ubisoft "Satisfied" With Wii U Launch, But Notes Low Software Tie-In Ratios

CEO Yves Guillemot talks business with investors

Ubisoft CEO Yves Guillemot has stated that his company is satisfied with the launch of the Wii U and happy with its own market share in both North America and Europe, but also noted the impact of "low tie-in ratios" on software. During Ubisoft's investors call last week, Guillemot had the following...

News: Activision's Bobby Kotick Is Disappointed With The Launch Of The Wii U

Activision's Bobby Kotick Is Disappointed With The Launch Of The Wii U

"We're concerned about the install base for 6-11 year-olds"

It seems that people just can't stop hating on the Wii U. Activision boss Bobby Kotick is the latest to knock Nintendo's new console, suggesting that the machine has been a commercial flop and is struggling to find favour with youngsters - a key demographic in today's market. During the...

News: Microsoft Almost Purchased Sega In Order To Compete With Nintendo And Sony

Microsoft Almost Purchased Sega In Order To Compete With Nintendo And Sony

How different things could have been

A former Microsoft executive has revealed that the company was considering buying Japanese video game veteran Sega before it decided to create the Xbox console. Speaking to IGN, Joachim Kempin said: There were three companies at that point in time, I think this was , Sega and Nintendo. There was always talk...

News: U.S. Download Sales Increase, But Physical Games Drop in Popularity

U.S. Download Sales Increase, But Physical Games Drop in Popularity

Downloads get closer to overtaking physical retail

The times are definitely changing in the video game retail industry, as the latest NPD figures covering 2012 sales in the U.S. emerge. In general the results reflect the trends reported by Nintendo in its financial results, but the figures also show just how vital the download gaming market is...

News: Square Enix Laments "Increasingly Difficult" Console Market

Square Enix Laments "Increasingly Difficult" Console Market

5.7 billion yen loss rocks Dragon Quest publisher

Japanese publisher Square Enix has recorded a 5.7 billion yen loss for the nine months ending 31st December 2012. This comes despite the news that sales have risen to 102.7 billion yen. The firm has placed the blame on the tricky nature of the console market, stating that poor game sales were to...

News: Nintendo Plans To Make It Easier For Developers To Share Their Assets Between Platforms

Nintendo Plans To Make It Easier For Developers To Share Their Assets Between Platforms

Expanding developer capabilities with technology like Unity, JavaScript and HTML5

Nintendo President Satoru Iwata recently held a financial briefing with investors that wasn't exactly brimming with good news for the company. Iwata-san revealed that Nintendo recorded an operating loss of 5.85 billion Yen in the nine month period and spoke about a...

News: GoldenEye Creator Explains N64 Title's Role In Bringing "Real" Guns to the Virtual World

GoldenEye Creator Explains N64 Title's Role In Bringing "Real" Guns to the Virtual World

Brand names weren't licensed, which has changed in modern games.

With gun control and related violence a topical subject in the U.S. and among interested parties and spectators worldwide, the role of video games has faced its own level of scrutiny. Major publishers had a meeting with vice-President Joe Biden as part of his gun control task-force...