Entertainment Software Association

  1. Video Game Company THQ Files for Bankruptcy, Up for Sale

    December 19, 2012 11:45 PM EST THQ Inc., a video game company that licenses several of Hollywood's TV and movie properties, filed for bankruptcy on Wednesday and said it will sell its business. Wednesday's revelation sent THQ's stock 74 percent lower on volume th ...

  2. Muzooka Launches Platform Connecting Artists, Producers; Promises Artists Can Keep 100% of Revenue

    December 12, 2012 7:22 AM EST Muzooka, the latest start-up to tackle the crowded market for digital artist services, launched today with an unusual promise to let artists keep 100% of the revenue from songs they sell by using the service. Based in Marin, Calif., Muzooka aims t ...

  3. Sony Closes Indiana Distribution Center, Lays Off 226

    May 15, 2012 1:23 PM EDT Sony's layoffs keep piling up, as the company has plans to cut 226 jobs from its closing Fishers, Ind. distribution center, according to the Indianapolis Star . Sony CEO Confirms 10,000 Job Cuts, Reorganization The center is scheduled to shut ...

  4. Video Game Sales Hit Four-Year Low in May

    June 15, 2011 7:32 AM EDT NEW YORK - The video game industry in May hit its lowest monthly U.S. retail revenue from physical product since Oct. 2006. Total games sales of $743.1 million, including hardware, software and accessories, compared with $866.8 million in the year ...

  5. E3 2011 Kicks Off In Los Angeles This Week

    June 06, 2011 7:00 AM EDT LOS ANGELES - Almost six years ago at the annual Electronic Entertainment Expo, Nintendo unveiled what would eventually become known as the Wii. But the Japanese gaming giant didn't show off the new console's distinctive motion-sensing c ...

  6. Take-Two Extends Rockstar Games Contract Amidst Weaker Earnings Report

    May 25, 2011 7:00 AM EDT Video game maker Take-Two Interactive Software on Tuesday reported a wider quarterly loss and said it has extended its employment agreements with key members of the creative team of publishing label Rockstar Games, which is responsible for its Gra ...

  7. Cameo Carlson Guest Post: The Music Vs. Tech Divide: A Third Way

    April 05, 2011 2:35 PM EDT (Cameo Carlson is the former executive VP of Universal Motown Republic Group who last week left the label to take on a new role as head of digital business development for management firm Borman Entertainment.) There is a moment when the game chan ...

  8. Exclusive: Island Def Jam, Echo Nest Launch Groundbreaking Music Licensing Pact For Apps

    February 24, 2011 6:00 AM EST Just go to any Music Hack Day -- like the recent ones in New York and at the MIDEM conference -- and meet the developers there working for free to create new and innovative music apps (many of which never see the light of day), and it becomes imme ...

  9. Dance Games Exploding As Guitar-Based Games Dwindle

    February 15, 2011 11:26 AM EST The market for guitar-based music games may be in the gutter, but dance games are faring far better, based on the quarterly results of one of the major publishes of such games. Ubisoft, which publishes such dance games as the "Just Dance" ...

  10. French Biz Down In Q3

    November 19, 2010 12:00 AM EST The French recorded music market has experienced a sudden pause in its fragile recovery, labels trade body Snep revealed. The market had shown signs of recovery earlier this year, amid suggestions that the incoming HADOPI graduated response measur ...

  11. Warner Music Q4 Loss Widens

    November 17, 2010 12:00 AM EST Warner Music Group posted a wider-than-expected quarterly loss and said revenue growth in the U.K. and Italy was offset by weakness in the United States, Japan and the rest of Europe. For July-September, the company posted a loss of 31 cents a sha ...

  12. Super D Acquires Infinity Resources

    November 05, 2010 12:00 AM EDT Wholesaler Super D has acquired Infinity Resources, which should add about $80 million to the company’s yearly revenue, and make the company the second largest U.S. one-stop. Infinity Resources owns the Collector's Choice record label, the de ...

  13. The Full Round-Up: Tips To Drive Business

    October 27, 2010 12:00 AM EDT Better bundling of products online, tips on selling more merch, effective tour marketing strategies and much more. Our Wednesday series of tip and lists wraps up with this round-up of all the stories that were aimed at offering business insights a ...

  14. Here's Why You Should Come To Billboard's Music App Summit

    September 29, 2010 12:00 AM EDT It’s an unfortunate state of today’s digital music landscape that two creative industries which stand to benefit from cooperation are too often are at odds with one another: the music industry and the developer community. At next week’s Mobile Ent ...

  15. OCC Looks To Cash In On U.K. Charts

    August 17, 2010 12:00 AM EDT U.K. charts compiler the Official Charts Co. (OCC) will expand its commercial activities, following the appointment of former video games executive Giles Jones to the newly created role of head of commercial development. In his new role, Jones wil ...

  16. Kinect Update: Games Announced. Price, Street Date Rumored

    June 15, 2010 12:00 AM EDT Microsoft's Kinect motion-capture controller continues to dominate the news coverage out of the E3 Expo conference here in L.A., at least until Sony Computer Entertainment and Nintendo hold their respective press conferences this morning. Aft ...

  17. Video Game Sales Plunge In April: NPD

    May 14, 2010 12:00 AM EDT Sales of video game hardware and software plunged 26% in April, industry tracker NPD said, one of the largest declines over the past decade. The research group said sales in the United States, the world's largest market, fell to $766.2 millio ...

  18. IFPI: $1 Million To Break An Act

    March 09, 2010 12:00 AM EST The IFPI has published a new report outlining the record labels' investment in music talent, which it says now reaches around $5 billion a year. That $5 billion includes A&R development and marketing, and represents around 30% of sales re ...

  19. Electronic Arts Cuts Forecast

    January 12, 2010 12:00 AM EST Electronic Arts Inc slashed its fiscal 2010 forecast on weak holiday sales in Europe and a shift to its lower-margin distribution business, sending shares of the video game publisher down 8% in after-hours trading. The publisher of "Madden NF ...

  20. Imagem Partners With Ricall To Boost Syncs

    November 30, 2009 12:00 AM EST Independent music publisher Imagem Music U.K has signed a deal with online music marketplace Ricall to increase its sync-licensing opportunities. Effective immediately, the deal will see Imagem provide Ricall with access to its catalogue of 200,00 ...

  21. Analysis: The Digital Revenue Slowdown

    September 08, 2009 12:00 AM EDT Digital music sales in the U.S. are stagnating. You won't read much about this in the news, and analysts tend to gloss over this recent trend in favor of reporting companies' year-over-year digital growth or digital's share of total ...

  22. Analysis: How Relevant Is Old Media?

    August 26, 2009 12:00 AM EDT How relevant is old media in breaking new artists? Writer and University College London PhD student Ernesto Priego wrote an excellent commentary at his Never Neutral blog that adroitly challenges many notions in today's music business relatin ...

  23. News Briefs: 101 Distribution, theBizmo

    July 20, 2009 12:00 AM EDT -- Rick Williams, a veteran distribution executive, has joined the Phoenix-based indie distributor 101 Distribution as GM. "Rick is an industry expert who possesses the knowledge and expertise in building, growing and managing a multi-million ...

  24. Recession? Not For Video Games

    June 16, 2009 12:00 AM EDT Economic uncertainty that is hampering most media won’t stop the growth in video games. Revenue generated in the U.S. and Canada by the video game industry, minus hardware sales, will grow at an average clip of 5.8% annually over the next five yea ...

  25. EMI Music Publishing Targets European Growth

    April 17, 2009 12:00 AM EDT EMI Music Publishing CEO and chairman Roger Faxon has expanded the roles of key executives in an effort to drive revenue growth across Europe. The shake-up follows the departure of Peter Ende from his role as president and CEO of EMI Music Publish ...

  26. Reality Of 'Price Discovery' Hitting Publishers

    March 05, 2009 12:00 AM EST With the credit crunch and a difficult economy, those involved in the buying and selling of music copyrights are in a period of “price discovery,” peermusic CFO Bill Gorjance said at the Billboard Music & Money Symposium, held today at the St. ...

  27. Entravision’s Q4 Revenue Falls 16% To $53 Million

    February 27, 2009 12:00 AM EST Santa Monica, Calif.-based Entravision reports that its fourth quarter revenue slipped to $52.76 million from $62.514 million earned during the same period in 2007. The company said its net loss grew 190% to $136,483 compared to $47,051. That is a ...

  28. Digital Briefs: Sony, YouTube, 'Rock Band' Suit, Shazam

    February 13, 2009 12:00 AM EST - Sony Music Entertainment has finalized a new licensing deal with YouTube, although no formal announcement has been made. The All Things D blog initially reported the deal, which Billboard has since confirmed. Details include an upfront payment t ...

  29. Source Interlink Reports $36.6M Quarterly Loss

    December 10, 2008 12:00 AM EST Source Interlink, the parent of Alliance Entertainment, reported a $36.6 million loss, or 70 cents per diluted share on sales of $591.7 million in the three-month period ended Oct. 31. That compares with a $4.5 million loss, or nine cents per shar ...

  30. Games Set To Surpass Music, Video At Retail

    November 05, 2008 12:00 AM EST Reports from U.K.-based retail analyst Verdict Research has named the games sector as the most lucrative entertainment sector. Verdict predicts that by the year's end, total video games spending will equate to £4.64 billion ($7.42 billion), a ...

  31. Digital Gains Partly Ease Physical Pain

    October 03, 2008 12:00 AM EDT Three-quarters of the way through 2008, there are signs of subtle shifts in the U.S. music industry, all of them pointing to a digital future. Combined U.S. sales of albums and track-equivalent albums (or TEA, where 10 digital tracks equal an albu ...

  32. Handleman Steers Away From Music Biz

    June 02, 2008 12:00 AM EDT Handleman Company is exiting the music business in North America. As part of a radical upheaval of its interests, the company has sold its music inventory and selected other assets related to its Wal-Mart business in the U.S. to Anderson Merchandi ...

  33. Upstart Music Gaming Company Launches

    May 28, 2008 12:00 AM EDT The music game space is getting hotter than ever. In a month that saw "Rock Band" released in Europe, Guitar Hero 4 announced, and Konami's Rock Revolution title unveiled, there is now a new developer in the mix -- Music Video Games ...

  34. Digital Briefs: 'iTunes Tax,' Gabriel's The Filter, Zomba/Jive

    April 15, 2008 12:00 AM EDT - Lawmakers in California rejected a bill to tax internet download sales by only one vote, motivating supporters to keep the measure alive and go for another attempt as early as next week. California is one of many states considering a tax on digi ...

  35. Digital Briefs: Analyst Says Teen Piracy Down, Digital To Hit $40 Billion?

    April 09, 2008 12:00 AM EDT - Financial analyst group Piper Jaffray conducted its 15th bi-annual teen survey, finding that illegal file sharing by students has dropped from 64% to 61%, and that iPod market share has increased to 86% among the demographic. iTunes leads all se ...

  36. Games Sales Outpace Music in UK

    March 04, 2008 12:00 AM EST The UK's Entertainment Retailers Association released data this week showing videogame sales in the country have exceeded music sales for the first time, based on last year's totals. In 2007, videogame sales raked in 1.7 billion pounds ( ...

  37. Mixed Messages On The Digital Biz

    February 26, 2008 12:00 AM EST A pair of analyst reports measuring the digital music space paint a mixed picture for the future of the industry. Looking back at last year, the NPD Group says music fans acquired more music in 2007 over 2006, but paid less for it. Overall, music ...

  38. Napster Posts Narrower Third-Quarter Loss

    February 07, 2008 12:00 AM EST Napster Inc. reported a narrower quarterly loss on Wednesday, beating Wall Street consensus estimates, as revenues rose. The company said its fiscal third-quarter net loss was $2.8 million, or 6 cents per share, compared with a year-earlier net lo ...

  39. WMG Makes $25 Million Bid For Death Row Assets

    February 05, 2008 12:00 AM EST Death Row Records wants to sell its music-related assets, including the rights to recordings from rappers Tupac Shakur, Dr. Dre and Snoop Dogg, for $25 million to Warner Music Group Corp., subject to higher bids at an auction. The court-appointed ...

  40. Six Degrees Launches Free Download Program

    October 15, 2007 12:00 AM EDT Six Degrees Records will launch a "Download of the Week" service tomorrow which will allow customers to download a free MP3 song from an emerging artist on the label's blog. The download series is intended to compliment the existing ...

  41. UMG, Sega Ink Deals With Interactive Ad Group

    October 03, 2007 12:00 AM EDT Get Interactive, a new ad technology company that allows consumers to buy products placed in entertainment content and creates opt-in advertising platforms for brands, has inked its first deals with Universal Music Group, Sega and Overture Films, ...

  42. EA Bows 'Sims' Beta

    September 06, 2007 12:00 AM EDT Electronic Arts bowed the beta version of The Sims On Stage, an 'interactive online playground' computer game that allows players to record and share karaoke songs, among other performances, and post them online. The game is a direct evo ...

  43. MTV To Invest $500 Million In Videogames

    August 17, 2007 12:00 AM EDT MTV Networks plans to invest well over $500 million in videogames, seeing the red-hot entertainment category as a major pillar of growth in its goal to reach consumers wherever they spend time. The two-year investment is part of a global strategy ...

  44. 24-7 Broadens Scope

    August 03, 2007 12:00 AM EDT -7 MusicShop, the digital music service provider and distributor, has a new name: 24-7 Entertainment. The move aims to take into account plans to extend the company's portfolio into other forms of digital entertainment, including movies, TV ...

  45. Warner Brothers Cuts Staff

    July 02, 2007 12:00 AM EDT Warner Brothers Records let several urban promotion executives go Friday. Senior VP Cynthia Johnson, national director Renee Burdine and Cynthia Johnson's assistant Chanel Secreto are among those who exited, in addition to those who reported ...

  46. Handleman Co. Posts Q4 Loss

    June 28, 2007 12:00 AM EDT The Handleman Co. lost $37.5 million, or $1.85 per share, on sales of $268.5 million in its fiscal fourth-quarter ended April 28. That brings the company's total loss for the year to $53.4 million, or $2.65 per share, on revenues of $1.3 bill ...

  47. Konami Insider Discusses Monetizing Music Assets

    June 04, 2007 12:00 AM EDT Game publisher Konami recently struck a digital distribution deal with Sony BMG to market its library of videgame music through various online services. The company's digital entertainment music manager Michael Rajna gives some background int ...

  48. Industry Vet Mayne Joins Graham Brothers

    May 30, 2007 12:00 AM EDT Music industry veteran Bill Mayne joins Midland-Odessa, Texas-based Graham Brothers Entertainment as president of its Nashville division, a newly created position. Mayne, who most recently served as VP of promotion at the the now defunct 903 Music ...

  49. Trans World Posts Q1 Loss

    May 24, 2007 12:00 AM EDT Trans World Entertainment lost $9.2 million, or 29 cents per share, on sales of $286.3 million in its first fiscal quarter ended May 5. That’s versus the $7.1 million, or 23 cents per share the company lost last year, when sales were $288.5 millio ...

  50. EA To Go Mainstream With Videogame Tunes

    April 16, 2007 12:00 AM EDT Electronic Arts is mounting a new drive to integrate videogame music into the mainstream culture. The company is making music available for use in television, films and other media from many of its best-selling selling videogame franchises, includ ...

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