Tag: Business - Page 5
News Sega Will Start Selling NFTs Based On Its IPs This Summer
Want to pay a fortune for a JPEG?
Sega has announced a collaboration with game developer Double Jump.Tokyo that will see the company begin to sell NFTs (non-fungible tokens) based on its intellectual property this summer. According to a new statement (Japanese), the two companies will launch NFT content relating to Sega's classic and current IPs,...
News GameStop CEO Reportedly In Line For A $179m 'Goodbye' Deal This Summer
Shares linked to tenure, not performance
The GameStop stock market drama from the beginning of the year certainly had its share of dramatic ups and equally dramatic downs, but it's fair to say that prospects for the video game retailer have been gloomy for several years now. The rise in digital purchases and alternative online retailers over the...
News Square Enix Says It's Not For Sale, Shoots Down Acquisition Rumours
Update: Square Enix responds
Update: Square Enix has now responded to Bloomberg Japan's report, shutting down claims that it could be on the brink of being bought out. In a new statement released to press, Square Enix explains that it isn't considering selling off the company, and hasn't received any offers. You can read the full statement below...
News Former Nintendo Of America President Reggie To Step Down From GameStop's Board Of Directors
One of eight members expected to depart
Last March, Reggie Fils-Aimé joined GameStop's board of directors. Now, just over a year later, it's been announced the former Nintendo of America president is one of eight members expected to leave the company after its annual meeting in June. This information comes via a GameStop filing, which also reveals...
News Nintendo Will Release Its 2020-21 Fiscal Year Earnings Results In May
Updates on best-selling games and hardware sales
Nintendo has revealed that its financial results for the fiscal year ending March 2021 will be shared on 6th May, falling in line with the company's usual annual timeline of earnings report releases. Typically, these reports provide us with the latest official figures for both hardware and software...
News EA Acquires Racing Game Specialist Codemasters
"Welcoming Codemasters to the family"
Since the end of last year, there have been reports about the third-party giant EA buying the UK developer Codemasters. It's now official - with EA announcing the creator of titles such as Formula 1, DIRT, Project CARS and GRID has joined the family, in a deal believed to be valued at $1.2 bil
News Bandai Namco Appoints New President, Will Begin Division Restructure This April
Toy and game divisions are being merged into one unit
We're witnessing some significant changes across existing publishers lately. After Konami clarified its restructuring plans two weeks ago and Sega revealed it will be splitting up its divisions, changes are afoot at Bandai Namco, too. Announced within its latest finan
News Sony's MLB The Show Is No Longer A PlayStation Exclusive, But Where's The Switch Version?
Update: Xbox edition confirmed, but no sign of a Nintendo edition
Update: It's official, Sony is publishing a game on the Xbox, with MLB The Show 21 coming to the Xbox Series X, Xbox Series S and Xbox One in April. This isn't massively shocking as it was pr
Move will "accelerate global business development"
Japanese game giant Sega is making some pretty sweeping changes at the moment, splitting its video game and amusement divisions and shifting CCO Toshihiro Nagoshi into the position of creative director, effective 1st April. Both of these new businesses will remain under the ownership of SEGA Sammy,...
News No, Konami Isn't Exiting The Video Game Business
"We have not 'shut down' our video gaming division"
While video games seem to be fairly resilient to the effects of the ongoing COVID-19 pandemic, that hasn't stopped some companies from taking a good, hard look at how they operate – one of which is Japanese giant Konami, the firm behind titles like Castlevania, Metal Gear Solid, Pro Evolution...
News Reggie's Joining A Twitch Industry Roundtable With His Former PlayStation And Xbox Rivals
Nintendo Of America's former president to chat with Jack Tretton and Robbie Bach
Reggie Fils-Aimé might not be Nintendo of America's president anymore, but he's kept himself pretty busy since stepping down in 2019. Popping up between Rogue Games, Brunswick Corporation,
News New Nintendo Twitter Account Will Share Corporate And Financial Announcements
Follow Nintendo's latest business news
Nintendo Co., Ltd has unveiled a brand new Twitter account today which will update fans on the company's business and financial news. You can find and follow the account at @NintendoCoLtd if you're interested; it appears to be primarily set up for a Japanese audience, although a welcome tweet has been...
News EA Looks Set To Buy Codemasters As Take-Two Withdraws Its Bid
Take-Two "will continue to pursue selectively organic and inorganic opportunities"
EA looks certain to gobble up UK publisher Codemasters following the confirmation that rival bidder Take-Two has withdrawn its previous offer. Take-Two announced that it was attempting to buy Codemasters – which is one of the UK's longest-running games companies...
News Animal Crossing Helps UK Video Game Revenue Pass £4 Billion For The First Time Ever
FIFA 21 was top, however
We all know that video gaming is big business, but how big? Well, the UK video game market passed the £4 billion marker in 2020 – the first time it has ever happened (thanks, MCV). Video gaming generated a massive £4.2 billion in revenue in the region last year, according to preliminary data compiled by the Ente
News Family Office Of Former Nintendo CEO Backs Plans For Takeover Of Japan Systems
Plans in place to spend billions of yen to see management buyout completed
The Yamauchi No. 10 Family Office is supporting a management buyout of software firm Japan Systems Co., Bloomberg is reporting. While this news doesn't directly impact Nintendo, it's an interesting development which involves the legacy of one of the firm's most important...
News Nintendo Is Buying Luigi's Mansion Studio Next Level Games
Deal will mean an "improvement in development speed and quality"
Nintendo is buying Canadian developer Next Level Games, it has been announced. The studio – which has created titles such as Luigi's Mansion 3, Mario Strikers Charged, Punch-Out!! and Metroid Prime: Federation Force – will become a wholly-owned subsidiary of Nintendo. Next Level...
News EA Has Swooped In To Steal Codemasters From Under The Nose Of Take-Two
Micro-machine-transactions?
Not so long ago, we reported on the news that publishing giant Take-Two Interactive was poised to purchase UK studio Codemasters, famous for its stable of excellent racing titles. Take-Two – which owns GTA maker Rockstar – tabled an offer of $994 million last month, and with Codemasters' board of directors advising...
News Wallace And Gromit Studio Aardman Is Teaming Up With Bandai Namco To Create Brand New IP
Deal will secure the studio's reputation as a "multi-disciplinary creative hub"
UK animation studio Aardman Animations – famous for its Wallace and Gromit series – has inked a deal with video game publisher Bandai Namco to create a brand new IP which will cover a wide range of mediums, including video games. While details on this new property...
News The Crown Prince Of Saudi Arabia Is Now SNK's Largest Shareholder
Update: Deal will eventually gobble up 51% of the company
Update #2 [Fri 27th Nov, 2020 12:40 GMT]: The Mohammad bin Salman Charity Foundation has confirmed that it is investing 813 million riyals ($223 million) in SNK, giving it a 33.3% stake in the company. That values the company at $669 million (thanks,
News Nintendo Adding Sharp As Switch Manufacturing Partner Could Boost Q4 Sales Year-On-Year
Switch is in for a decent final quarter
Bloomberg is reporting that Nintendo has increased Switch production by partnering with a manufacturing site based in Malaysia owned by Japanese tech giant Sharp. According to sources close to the matter, Nintendo has taken on this additional production stream to satisfy demand and future-proof against any...
News GTA Publisher Take-Two Is Buying UK Veteran Codemasters
Deal will be done by early 2021
Update: It's happening. Take-Two has confirmed that it is indeed buying Codemasters for £759 million (US$994 million). The deal should be done by the first quarter of 2021. Take-Two boss Strauss Zelnick has said the following about the deal: We are exceedingly pleased to announce this recommended transaction with...
News Nintendo Is Reportedly Japan's Richest Company Of 2020
With billions in the bank
According to a newly posted financial analysis report, Nintendo has risen to the top of Japan's corporate leaderboard, becoming the richest company of 2020 in the country. The report, from Risk Masters, notes that Nintendo currently has a staggering 890.4 billion yen tucked away for a rainy day (which works out at around...
News Nintendo Details Its 2022 Graduate Recruitment Procedure
Registration begins this year
Those dreaming of landing a job at the house of Mario might just be in luck, as Nintendo has kickstarted the process of its 2022 graduate recruitment drive. The company has opened a new webpage today, noting that pre-entry for April 2022's graduates will begin in October of this year. Various recruitment events are...
News Nintendo To Host 'Management Briefing Session' Next Month, Days After Mario's 35th Anniversary
A coincidence, or something more?
Nintendo is reportedly set to hold a "Management Briefing Session" in Tokyo next month, just three days after Mario's 35th anniversary. The news comes from Astris Advisory Japan's David Gibson, who reveals that Nintendo has shared details on the upcoming meeting to relevant industry folk in Japan. According to...
News Nintendo's Net Profits Reached $1bn In The Last Quarter, A 541% Rise Year-On-Year
Net sales more than doubled
Nintendo has had a hugely impressive start to the fiscal year, with net profits up by 541.3% over the same period last year. Compared to Q1 of last year, Nintendo's net sales have more than doubled this this time around. Covering the period between 1st April and 30th June 2020, those net sales reached a total of 358.1...
News Sega's President Has Just Resigned For "Personal Reasons"
Kenji Matsubara had been in charge since 2017
Sega's parent company Sega Sammy Holdings has revealed that its president and chief publishing officer Kenji Matsubara has resigned from the firm due to "personal reasons." Prior to joining Sega, Matsubara had been CEO of Koei Tecmo for 9 years; he later joined the Japanese arm of Zynga, which is famous...
News Nintendo Provides Another Update About Its Development Schedule
It may be impacted
Earlier this week, Nintendo released its annual report. We found out about the average age and salaries of the company's employees, and also discovered Nintendo's directors earn a relatively modest wage compared to other industry executives. In addition to this, it's revealed how its production, shipping, product supply, and...
News Nintendo Reveals Average Age And Salary Of Its Employees (As Of March 2020)
So that's how much our uncle earns!
Ever fancied a job at Nintendo? Ever wondered what it'd really be like working at the house of Mario? Well, Nintendo's latest annual report gives us a quick insight into daily life inside those hallowed halls. A portion of the report focuses on its employees, providing a few quick statistics about its workers...
News Nintendo's Directors Earn A Relatively Modest Wage Compared To Other Industry Execs
How much do Nintendo bosses get each year?
In a new annual financial report, Nintendo has revealed just how much it pays out to some of the biggest names at the company. Nintendo president Shuntaro Furukawa is listed in the report, along with company directors Shigeru Miyamoto and Shinya Takahashi, revealing the total amount of compensation each...
News Kirby Studio HAL Laboratory Relocates Its Tokyo Base To Nintendo's New Building
Joins Game Freak and Nintendo EPD Tokyo
Kirby studio HAL Laboratory has relocated its main Tokyo office to Nintendo's new building in the city, it has been revealed. The company – which remains independent but has strong ties with Nintendo (referred to in Japan as "keiretsu") – has also taken on more staff, bringing its headcount up from 169 to...
News Nintendo's Directors Receive New Approval Ratings - Here's How Shareholders Voted
Furukawa, Miyamoto and more
Every time Nintendo holds one of its Annual General Meeting of Shareholders, its directors are faced with a new series of votes from shareholders to assess their approval ratings. Today, the day of the 80th annual meeting, is no different, and we have a record of how the votes went down below. Shareholders were asked to...
News Nintendo To Cut Back On Mobile Games After Animal Crossing Success, Says Report
Console gaming to be the focus
Nintendo is reportedly looking to wind down its efforts in the mobile gaming space after seeing disappointing financial results from recent releases and the success of Animal Crossing: New Horizons on Switch. According to a new report from Bloomberg, Nintendo "appears to have reassessed the mobile business and...
News Nintendo Shares Soar To Highest Point In More Than A Decade
Stock hasn't been this high since the Wii days
Nintendo's share price has risen to the highest point seen in more than a decade, with stock closing at 50,110 yen per share on Thursday, 18th June. As reported by CNBC, this is the first time that Nintendo shares have closed above the 50,000 yen mark since August 2008, a period in which Nintendo was...
News Nintendo Expects To Sell 19 Million Switch Consoles In The Next Financial Year
Which would be a 9.6% year-on-year drop
Nintendo has revealed that over the next financial year, covering the period of April 2020 - March 2021, it expects to sell 19 million Switch units worldwide. The forecast arrives on the back of today's fiscal year earnings report, where Nintendo announced that the Switch family of systems achieved 21.03...
News Nintendo Could See Profits As High As The Wii Era Thanks To Global Lockdown, Analysts Say
An 80% jump in profits is predicted
Next week on 7th May, Nintendo will release its fourth-quarter financial results, revealing just how successful business has been from January to March. Analysts are predicting big things for the company's financial report, with the expectation being that Nintendo could see an 80% jump in operating profit for the...
News Nintendo Is The Next Disney+, Says Activist Investor Which Now Has A $1.1 Billion Stake
"Nintendo will be one of the largest digital media services in the world"
North American 'activist investor' firm ValueAct Capital Partners LP has nurtured a $1.1 billion stake in Nintendo, it has been revealed. According to a latter sent to its own investors, ValueAct first began buying the stock in April 2019 and grew its position in the Japanese...
News Nintendo Should Create An Apple Arcade-Style Subscription Service, Claims Analyst
"One thing they have that nobody else has is a gigantic library"
Nintendo's in a pretty good place right now. The Switch is selling well and is providing a solid platform for the company's games, and the firm has other projects – such as movies and theme parks – which are helping to broaden its stream of revenue. However, the Japanese giant is...
News Fans And Analysts Ponder The Eternal Question: Can Nintendo Survive Without Shigeru Miyamoto?
"Shigeru Miyamoto is like the Walt Disney of Nintendo"
Nintendo is a company built on the talents of many, many individuals, but some of its past and current employees are more important than others. Hiroshi Yamauchi, former president of Nintendo, guided the firm from its core playing card and board game business into the wacky world of interactive...
News GameStop Is Temporarily Closing All Of Its Storefronts
Will continue to process orders digitally
The struggling video game retailer GameStop has tried everything possible to remain open during the COVID-19 outbreak, but as of 22nd March will be closing all access to physical stores across the US. An official PR explains how for all locations not already closed in accordance with state and local orders,...
News GameStop To Stay Open During COVID-19 Outbreak Because It Is 'Essential Retail'
"Due to the products we carry"
To help prevent the spread of COVID-19 in the United States, stores across the country deemed non-essential are temporarily shutting up shop. According to IGN, struggling video game retailer GameStop has decided not to comply with these ordinances. Leaked internal memos, sent from GameStop corporate, inform stores to...
News Former Nintendo Of America President Reggie Fils-Aimé Joins GameStop's Board Of Directors
"The gaming industry needs a healthy and vibrant GameStop"
Former Nintendo of America president Reggie Fils-Aimé has been appointed to GameStop's board of directors. He'll be teaming up with Bill Simon and J.K. Symancyk. Simon has worked in retail executive roles over the past 30 years and Symancyk is the current president and chief executive of...
News Miyamoto Reminds Us Nintendo Wants Its Characters To Go Beyond Video Games
With the power of collaboration
At the start of the year, Nintendo's President Shuntaro Fukukawa spoke about the company expanding beyond its core business dedicated to video game platforms, in order to increase the number of people who have access to its IP. He went on to state how the company was starting to see the results with the opening of its...
News Nintendo Named And Shamed As Benefiting From The Use Of Chinese Forced Labour Camps
Along with 83 other companies, including Sony and Microsoft
A new report by the US State Department-funded Australian Strategic Policy Institute has discovered that at least 83 companies are directly or indirectly linked to Chinese forced labour camps when it comes to the creation of their products – and Nintendo is one of the firms named,...
News Nintendo Provides An Update On Its IP Expansion, Says It's Starting To See Results
Stores, theme parks, movies, mobile games and more
Since 2015, Nintendo has been working hard to increase the number of people who have access to its IP. It's doing this by expanding beyond its core business dedicated to video game platforms. This includes opening official stores, theme parks and even a plan to turn Super Mario into a motion...
News Nintendo Will Turn Its Four Tokyo Offices Into One Big One, To "Boost" Operational Efficiency
And it's making a change to its governance system
Not pictured: Nintendo's new Tokyo office Towards the end of Nintendo's most recent financial results briefing, president Shuntaro Furukawa touched on two matters linked to the current company operations in Tokyo, Japan. The Nintendo group within this location is divided across four separate...
News Nintendo's Digital Sales Have Increased Almost 50 Percent Year-On-Year
Switch Online played a part
Switch owners sure do love boxed games, perhaps more so than their PS4 and Xbox One-owning friends. However, the rise of digital sales is still apparent even on Nintendo's turf, and the company's recent financial report shows that downloadable content is generating plenty of cash for the firm. According to Nintendo,...
News GameStop Subsidiary EB Games Closing 19 "Unprofitable" Stores Across Australia
By the end of this month
It's been revealed the GameStop subsidiary EB Games will be closing the doors of 19 of 300 plus stores across Australia by the end of January. In a statement provided to Kotaku Australia, the nationwide video game retailer explained how it was "constantly evaluating its property portfolio" and "after careful consideration"...
News CD Projekt Signs New Deal With The Witcher Author Andrzej Sapkowski
Geralt is in safe hands
Although Netflix's new show The Witcher is making headlines around the globe right now, if it wasn't for CD Projekt's video game version of Geralt, the entire series based on Andrzej Sapkowski's novels might not even be as well-known or successful as it is today. With this in mind, it comes as a relief to hear the Polish...
News Nintendo Shares Reach 19 Month High As Switch Launches In China
2019 shows an uphill trend
Nintendo shares saw a rather significant spike today, ending the day in Tokyo at the highest point seen for the last 19 months. At the end of the trading day on 10th December, Nintendo's shares were sitting at 46,370.00 JPY. The jump is clear to see on the first of the charts shown below; the second chart shows how the...
News Switch Could Enjoy An Extended Lifespan And Even Outsell The Nintendo Wii, Claim Analysts
"The Switch can sell 20 million units annually for the next three years"
Analysts are claiming that the Switch could defy expectations and enjoy a prolonged lifespan, with some even going as far as to say that the console could surpass the Wii in terms of lifetime sales. The predictions come off the back of estimates compiled by Bloomberg which...