Tag: Business - Page 8
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...
News CD Projekt Red Not Worried About VR, As It Remains A "Very Small" Market
Senior VP of business development says it's extremely niche
Virtual Reality has been touted as the next big thing in the video game industry. There are high-end headsets available for PC, and on the console front, Sony has released a more affordable experience for the PlayStation 4. Even Nintendo had some fun with this idea earlier this year when it...
News Nintendo Stock Value Rises Thanks To Pokémon Sword And Shield Success
Increased Switch sales will have helped, too
The robust performance of Pokémon Sword and Shield combined with increased hardware sales has caused Nintendo's stock price to jump to its highest point since May 2018. Nintendo's stock price is currently $49.54, while at the close of May 2018, it rose to $50.05 before dropping down to a low of $31.91...
News Nintendo Wants To Sell Switch "For As Long As Possible", Has "No Plans" To Cut Pricing
"We want to maintain the value of our products"
If you've picked up a Nintendo Switch or Nintendo Switch Lite recently, you'll be pleased to hear that Nintendo is keen to keep the console relevant for years to come (which, let's face it, probably shouldn't come as much of a shock). During a Q+A session held at Nintendo's six-month financial results...
News We're Not Trying To Be The Next Disney, Says Nintendo President
"We’ve never tried to imitate any other company"
Nintendo's main business may be making games, but like any company with a vast library of IP and characters, it is no stranger to leveraging its assets to make additional cash. Nintendo merchandise is everywhere right now, and the company is currently constructing its very own theme park in Japan...
Gotta mine those "dormant intellectual properties"
The critical and commercial success of Monster Hunter World and the Resident Evil 2 remake has convinced Capcom that it is sitting on a potential goldmine of classic titles. In its recent investor report, Capcom states that it plans to revive "dormant" franchises alongside creating new IPs. While...
News So, AtGames Is Having A Crazy Week
Sued by Bandai Namco and Walgreens, but it got what it wanted
AtGames is a name that will be familiar to those who have a keen interest in the retro gaming sector; the company has been making licenced hardware for years, working with the likes of Namco and Sega to repackage classic titles for the modern audience – often with less than impressive...
News Nintendo Shares Rise To Highest Point In 15 Months As Switch Lite Launch Nears
Happy times ahead?
Shares in Nintendo climbed to the highest point seen in over 15 months yesterday, just days ahead of the release of its latest hardware revision, the Nintendo Switch Lite. Nintendo's stock ended Tokyo trading at ¥42,390 on Wednesday, after peaking at ¥42,570 just hours before. According to VGC, this is the highest close seen...
News GameStop Set To Close 180 - 200 "Underperforming" Stores This Fiscal Year
With more closures to come
American gaming retailer GameStop has revealed that it plans to close "between 180 and 200 underperforming stores globally by the end of this fiscal year". The news comes from the company's Q2 earnings call, where CFO James Bell noted that GameStop wishes to "de-densify" its chain despite 95% of its 5,700 worldwide stores...
News Nintendo's Digital Sales See A Whopping Year-On-Year Jump
Mobile business also ticking along nicely this quarter
Sorry physical fans - the relentless march of the ephemeral non-physical future continues according to Nintendo's freshly released financial results for the April-June period. The first quarter of the financial year sees the company's digital sales business in rude health with digital sales on...
News Nintendo Reportedly Exploring Production Alternatives Outside China
Joins other electronics manufacturers looking at alternatives
Video games consoles can be expensive at the best of times and proposed tariffs on Chinese goods by the current US administration have the potential to drastically increase the cost of hardware of consumers. Recently, Nintendo, Sony and Microsoft penned a joint open letter highlighting...
News EA CEO Defends Microtransactions, Says It’s "Actually Possible" To Do It Right
A candid conversation
Electronic Arts CEO Andrew Wilson recently sat down for his first interview “in a couple of years” with GameDaily.biz to discuss the company’s mistakes and accomplishments in recent times. He’s been at EA for 19 years, was the former head of EA Sports and has now led the global video game giant for the past six years...
News Nintendo, Sony And Microsoft Band Together To Fight Tariffs On Video Game Consoles
United as one
If you keep up with global politics or happen to live in North America, you might have heard about recently proposed tariffs on Chinese goods by the Trump administration. In a rare display – Nintendo, Sony and Microsoft have joined forces (in a seven-page letter) to warn the American government about the impacts this could...
News Nintendo's Market Value Drops By $1 Billion After Animal Crossing Switch Delay
Tom Nook won't be best pleased
During its E3 Direct presentation, Nintendo revealed that the hotly anticipated Animal Crossing: New Horizons has been delayed until 2020. Some fans were left upset, and others excused the delay if it means we'll get the best possible final product, but it would appear that investors were not happy with the news at...
News The Pokémon Company Rakes In $124 Million Net Profit, A 50% Year-On-Year Increase
An impressive financial year
Newly released details have revealed that The Pokémon Company generated $124 million in net profit during the last financial year. The news comes from the Japanese government's Official Gazette (thanks, KantanGames), with that figure including profits earned through Pokémon GO and Switch games Pokémon: Let's Go,...
News Nintendo Hints At Further Switch Online Exclusives Following Tetris 99
"We need to continue offering elements like this"
In a newly translated Q&A with investors from the end of March, Nintendo President Shuntaro Furukawa has highlighted the success of Tetris 99 as a factor for increased Nintendo Switch Online subscriptions and hinted at further exclusives to help drive interest in the service. Responding to...
News Nintendo President Comments On The Risks Of A Potential Hostile Takeover
"We do have systems in place"
In a Q+A session during Nintendo's financial results briefing for the year ending March 2019, shared today on Nintendo's website, company president Shuntaro Furukawa addressed a question which explored the possibility of a hostile takeover. Just like the events of Ubisoft's recent battle against Vivendi, where the...
News Nintendo 'Must Keep Up' With Cloud Tech, But Sees Further Potential In Dedicated Hardware
"Delivering unique entertainment... will continue to be our top priority"
As rumours and whispers of new consoles from all the big companies abound (as they always do at this point in a console generation), and with Google preparing its entrance into the gaming space with its cloud-based Stadia tech, questions are starting to be asked of Nintendo's...
News Sega Will Reduce Number Of New Digital Releases After Facing $17 Million Loss
Will now focus on existing IPs
Sega is set to dial down the number of digital games it develops after seeing lower-than-expected results from that particular area of business last year. Instead, its focus will shift towards its existing IPs. Sega Sammy Holdings, Sega's parent company, has said that its digital games segment fell "significantly...
Reminder Reggie Fils-Aimé Retires As Nintendo Of America President Today
All the best, Reggie!
Back in February, Reggie Fils-Aimé announced that he would be stepping down from his role as Nintendo of America President on 15th April. Time has raced by since then, as it so often does, and we've now reached that very day. The first time we, as Nintendo fans, saw Reggie walk out onto the stage was during E3 2004. “My...
News Nintendo Is The Ninth Most Reputable Major Company In The US, According To Study
Netflix takes top prize
A US study investigating the reputation of major companies has ranked Nintendo in ninth place, putting the Japanese gaming giant just ahead of The LEGO Group. The study, carried out by Reputation Institute, reportedly assessed the reputation of more than 2,200 companies in the US, undertaking over 167,000 individual ratings...
News EA Laying Off Around 350 Employees Across Multiple Divisions
"This is a difficult day"
Video game publishing giant Electronic Arts is laying off around 350 employees across its marketing, publishing and operations divisions. In an email to employees, EA CEO Andrew Wilson said the company had "a vision to be the world's greatest games company" and to do this, it would streamline its organisation to meet the...
News Rumours Of New Switch Models Cause Nintendo's Share Price To Significantly Rise
Investors seemingly on board
Yesterday, we shared a report from the Wall Street Journal which states that Nintendo is planning to release two new Switch models later this year. These claims haven't been confirmed or commented on by Nintendo itself, but the company has seen a significant share price rise as a result. The report suggests that both a...
News Media Create Boss Says Switch Will Have A Seven Year Life Cycle, Sales To Grow In Third Year
Will we still be playing in 2024?
The Switch has had an impressive first couple of years on the market, selling well and earning records left, right and centre, but this financial year was tainted ever so slightly by lofty targets. Originally, Nintendo expected to ship 20 million units, having to cut this down to a more modest 17 million due to...
News Players Have Spent Approximately $2.5 Billion On Pokémon Smartphone Games
No prizes for guessing the highest earner
Pokémon's a pretty popular franchise, and smartphones are pretty popular devices, so combining the two was probably a pretty smart idea. Well, as it happens, it definitely was a smart idea, as new data suggests that players have now spent an approximated $2.5 billion on the games to date. The data comes...
News Nintendo Tells Mobile Partners To Limit Microtransactions So That Players Don't Spend Too Much
Players and brand reputation come first
Nintendo's delve into the world of mobile gaming came as quite a shock, especially considering the Japanese giant had barely even scratched the surface of the new and rapidly emerging practice of paid DLC at the time. The company has often been thought to be slightly behind the times when compared to its main...
News Activision Admits Recent Layoffs "Could Negatively Impact Business"
"No assurance that our business will be more efficient or effective"
Given the sheer volume of cash involved in games development these days you'd assume that a company the size of Activision Blizzard would be capable of conducting its business in a sensible manner, but that doesn't appear to be the case, given recent events. We reported a short...
News Reggie Fils-Aime Is Retiring After 15 Notable Years At Nintendo of America
Bowser named new president!
After a more than successful product launch with the Nintendo Switch and 15 notable years at Nintendo of America, it comes as something of a shock as it is revealed that Reggie Fils-Aime will soon be retiring from the company. With almost 13 years under his belt as President and COO, Reggie has become something of a...
Random The Carlton Dance Might Be Fair Game For Fortnite After All
Flipped, turned upside down
Has the Fortnite dance craze peaked? You'll have to consult a seven-year-old for an answer to that, but Epic Games is still subject to legal action related to the celebratory dances that players can break into as they battle royally in the free-to-play hit. Other games, such as Microsoft's Forza Horizon 4, have headed...
"It is a very good place to work"
The proportion of female employees in hardware and software development departments at Nintendo was one of the many topics raised during the company’s recent Q&A session, which has now been translated. According to Nintendo Director and Senior Managing Executive Officer Shinya Takahashi, the company has...
Future targets will be even higher, though
At the end of last month, Nintendo revealed that it had cut its original 20 million Switch hardware sales target for the current financial year, instead resetting that estimate to 17 million. The change was based on lower-than-expected sales for the first nine months of the year, and resulted in an immedi
"We felt good about the platform"
When Civilization VI was first confirmed for Nintendo Switch last September, turn-based strategy fans were instantly excited at the prospect of taking the series on the go. As it turns out, it would appear that the game has performed very nicely indeed as a result. The game launched on the platform in November to...
News Nintendo Sees Stock Fall By 9% After Cutting Its 20 Million Switch Sales Target
Ouch
Yesterday, Nintendo shared financial data, sales figures and more from its Nine Months Earnings Release, revealing that it has slashed its bold 20 million Switch hardware sales target for the financial year. As is becoming a somewhat usual occurrence, the company's stock has fallen by a dramatic amount as a result, with investors seemingly...
News Nintendo Is Not Considering A Switch Successor Or Price Cut At This Time, Says President
"Switch is our primary sales objective"
Despite the fact that the Switch has been selling like hotcakes as of late, actually outselling its main rivals to become the best-selling console of 2018 in the US, rumours and mumblings of a potential new model (or a price cut to the existing model) have been circulating for some time. Earlier this month,...
News Future Business Shift Could See Nintendo Move Away From Home Console Development
And increase the amount of games on smartphones
Shuntaro Furukawa replaced Tatsumi Kimishima last year as Nintendo's global president. Shortly after he was appointed, Furukawa mentioned how he "grew up" with Nintendo and would respect its traditions: originality and flexibility. With this in mind, during a recent interview with Nikkei - as...
News Nintendo Still Expects To Hit 100 Million Switch Software Sales This Financial Year
Holiday season has gone well
Nintendo president Shuntaro Furukawa has revealed that the company is still confident in reaching its 100 million Switch software sales target for the financial year, with holiday season sales progressing well. Sales of Switch software reached 42.13 million during the period between April and September this year, with...
