Video game developers

  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. Universal Music Earnings Dip In First Nine Months

    November 13, 2012 4:22 PM EST Universal Music Group posted a 2.5% decline in earnings before interest taxes and amortization in the first nine months of 2012 compared with a year ago, according to results posted by its French conglomerate parent Vivendi on Tuesday. The world&# ...

  3. Why Is Spotify's Monthly Average Users Number Dropping?

    August 21, 2012 12:20 PM EDT A tipster alerted us to an interesting figure regarding Spotify over the weekend. According to AppData , fewer people have used Spotify to listen to music over the past month (on the desktop, smartphone, tablet, with Facebook Connect turned on ), ...

  4. Vivendi Names Canal+ Chairman Bertrand Meheut To Lead Content Business Review

    August 20, 2012 4:39 PM EDT LONDON - Vivendi said Monday that Canal+ chairman Bertrand Meheut will play a key role in its strategic review, which is expected to lead to the sale of at least some of its businesses. The French entertainment and telecom conglomerate's supe ...

  5. Zynga COO Leaves Company

    August 08, 2012 8:50 PM EDT Two weeks after Zynga reported lousy quarterly financial results, sending its stock price into a tailspin, the company has revealed in a regulatory filing that COO John Schappert is resigning as an executive and board member. News of Schappert ...

  6. Business Matters: Is the Luster Off Social Media?

    July 31, 2012 5:35 PM EDT Is the Luster Off Social Media? -- Social media doesn't look as sexy as it did in 2011. Fortunately, investors are not punishing companies just for being affiliated with Facebook. Facebook hit a new all-time low of $21.61 on Tuesday. It was a ...

  7. Vivendi Committed to UMG's EMI Purchase, Selling Activision (Report)

    July 02, 2012 9:13 AM EDT Whatever the politics within Vivendi that led to the departure of CEO Jean-Bernard Lévy, the company's senior management team still stands behind Universal Music Group and its planned acquisition of EMI, according to an e-mail UMG chairman an ...

  8. Vivendi CEO Jean-Bernard Levy Steps Down

    June 28, 2012 4:22 PM EDT French entertainment group Vivendi says its chief executive is stepping down because of a difference of opinion about the direction of the company. Universal Music Parent Vivendi Ordered to Pay $956 Million in Liberty Media Suit The Paris-based co ...

  9. Universal Music Parent Vivendi Ordered to Pay $956 Million in Liberty Media Suit

    June 26, 2012 10:50 AM EDT LONDON - Vivendi, the parent company of Universal Music Group, saw its shares slip in European trading Tuesday after the entertainment and telecom conglomerate lost a stage in a court case to John Malone's Liberty Media. Analysts said most in ...

  10. No Doubt to Argue Lawsuit Against Activision In Front of Jury

    May 29, 2012 4:25 PM EDT LOS ANGELES (AP) -- No Doubt's attorneys can argue to a jury that the band was misled by gaming giant Activision Publishing Inc. about how its likeness would be used in the video game "Band Hero," a judge ruled Tuesday. The ruling b ...

  11. Universal Music Group Q1 Revenue Up 9.1%, Credits Madonna, Nicki Minaj, Gotye, Van Halen Releases

    May 15, 2012 4:30 PM EDT Screen shot of Vivendi's First Quarter 2012 Results Apendix III. Universal Music Group revenues increased 9.1% to €961 million ($1.28 billion at the March 31 exchange rate) in the first quarter of 2012 (6.7% at constant currency). Earnings be ...

  12. 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 ...

  13. SoundHound's Katie McMahon SXSW Q&A

    March 16, 2012 2:30 PM EDT SoundHound VP, Sales and Marketing Katie McMahon takes a break during SXSW (photo: Glenn Peoples) Some tech companies used SXSWi to decorate a vehicle or throw an elaborate party. SoundHound went to Austin for meetings and trend watching. Billboar ...

  14. Vivendi Reports Lower Q4 Earnings, Predicts Two Year Decline After 2011 Record Year

    March 02, 2012 8:05 AM EST NEW YORK - French entertainment and telecom group Vivendi on Thursday reported lower fourth-quarter financials and predicted two years of lower profits. Driven by challenges in its French telecom business, Vivendi's earnings excluding special ...

  15. Viacom First Quarter Earnings Shredded by 'Rock Band' Settlement

    February 03, 2012 7:00 AM EST NEW YORK (AP) - Viacom Inc., the owner of Paramount Pictures, MTV and Comedy Central, on Thursday posted a 65 percent drop in net income for the latest quarter, as it took a charge related to the "Rock Band" series of video games. Revenu ...

  16. Facebook's Dan Rose Talks Music, App Economy, Skrillex @MIDEM Keynote Q&A (VIDEO)

    January 31, 2012 8:23 AM EST Watch live streaming video from midem at livestream.com In just four months, Facebook has become a major player in music streaming. Since the launch of Facebook Music in September, the social-networking giant has helped Spotify skyrocket to over 3 ...

  17. Viacom Owes $383 Million To Harmonix in 'Rock Band' Dispute Arbitrators Say

    December 28, 2011 7:00 AM EST After already paying $150 million to former shareholders of Harmonix, arbitrators have determined that Viacom owes an additional $383 million to the video game company that created Rock Band, according to a regulatory filing on Tuesday. The revela ...

  18. Zynga, Online Game Maker, Prices Today's IPO at $10 a Share

    December 16, 2011 7:45 AM EST NEW YORK (AP) - Zynga is poised to harvest some cold hard cash in its initial public offering. Who knew that selling virtual cows and digital corn on Facebook would create a $7 billion company? The online game developer best known for "FarmVi ...

  19. Michael Buble, Zynga Partner for CityVille Integration

    December 15, 2011 9:46 AM EST NEW YORK - Ahead of its IPO, which is scheduled to see its stock starting to trade on Friday, social gaming giant Zynga said Wednesday that its biggest game, CityVille, will run an integration with singer Michael Buble just in time for the holiday ...

  20. Viacom Demands to Be Repaid $131 Million From Shareholders of 'Rock Band' Maker

    September 19, 2011 3:30 PM EDT Shareholder lawsuits against big corporations are quite common. But rarely does a corporation turn around and sue its stockholders. That's what's happening at Viacom, which on Friday sued former stockholders of ex-subsidiary Harmonix Mus ...

  21. EMI Signs Licensing Deal for MXP4's Facebook Games

    July 13, 2011 5:01 PM EDT MXP4's new Bopler Games, launched in beta Wednesday on Facebook, features music from EMI Music and EMI Publishing that's part of a global licensing agreement between the companies. The deal marks the first time a Facebook app developer h ...

  22. Zynga Files for IPO, Lifts Veil On Financial Performance

    July 01, 2011 2:50 PM EDT Online gaming company Zynga filed for an initial public offering on Friday (July 1) following days of expectations the company was preparing a bid to sell its shares on the public market. The company's S-1 filing puts the estimated amount to ...

  23. 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 ...

  24. Myspace In Final Buyout Talks With Bobby Kotick

    June 10, 2011 7:38 AM EDT An investor group including Activision Blizzard Chief Executive Officer Bobby Kotick is in final talks to take a controlling stake in News Corp's social network site Myspace, according to three people familiar with the matter. Kotick's i ...

  25. Jimmy Buffet to Launch 3D 'Margaritaville' Game on Facebook, iOS

    May 26, 2011 7:00 AM EDT Beginning this fall, users will be able create their own bands and build island resorts; it will also be available in iPhone and iPad. THQ has partnered with Jimmy Buffett to bring Margaritaville Online to Facebook and iOS devices (iPhone, iPad, i ...

  26. Zynga to File for IPO: Report

    May 25, 2011 7:19 AM EDT Zynga is set to file for its initial public offering as early as this week, All Things Digital reports. It would be the latest in recent IPOs of several Internet companies, including LinkedIn and Russian search giant Yandex. Zynga's valuation ...

  27. 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 ...

  28. Ubisoft Announces Rocksmith Game

    March 15, 2011 1:50 PM EDT Just weeks after Activision closed the book on Guitar Hero, rival videogame publisher Ubisoft announced plans to introduce a new band-based music game called Rocksmith. The new game hopes to set itself apart by using a real guitar as its controlle ...

  29. Vivendi Appoints Lucian Grainge Chairman & CEO of Universal Music Group

    March 09, 2011 2:38 PM EST In the wake of Doug Morris' early departure from Universal Music Group to take the helm at Sony , Vivendi announced today the appointment of Lucian Grainge as Chairman and Chief Executive Officer of UMG. Grainge who was formerly CEO of UMG, w ...

  30. Activision Reportedly Developing 'Dance Hero' Game

    March 09, 2011 11:09 AM EST Activision may have killed the Guitar Hero franchise , but it remains interested in some elements of the music game genre. Gaming blog Kotaku reports that the company is working on a dance-based game called "Dance Hero." Activision appli ...

  31. Harmonix CEO Alex Rigopulos' First Interview Since MTV Sold Rock Band

    February 28, 2011 12:05 AM EST About two months ago, MTV and parent company Viacom sold off its Harmonix subsidiary-the videogame development unit responsible for the Rock Band and Dance Central franchises that it acquired in 2006 for $175 million. It's been a difficult ti ...

  32. No Doubt to Pursue Lawsuit Against Activision

    February 17, 2011 7:57 AM EST This week is shaping up to be a big one in the ongoing struggle to figure out the difference between commercial and expressive speech, the times when entertainment companies can show public figures in the name of the First Amendment and the times ...

  33. 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" ...

  34. Guitar Zero: Activision Kills Guitar Hero Franchise

    February 09, 2011 6:49 PM EST The game that created the modern music game as we know it is no more: During its quarterly earnings conference call today. Activision revealed that it has cancelled the planned 2011 installment of the "Guitar Hero" franchise and the enti ...

  35. Musicians & Video Games: A Perfect Marriage

    February 01, 2011 7:52 AM EST The biggest music party of 2010 wasn't at Coachella and didn't have anything to do with the Grammy Awards. It was barely advertised and not open to the public. Still, it packed L.A.'s Staples Center last June with a headlining set b ...

  36. Universal Music Canada Lays Off 20 Staffers

    January 27, 2011 5:52 PM EST On the heels of last week's layoffs at Universal Music Group in the U.S ., Universal Music Canada was hit with about 20 staff cuts, today and yesterday, according to sources close to the situation. While no official statement or acknowledgeme ...

  37. @MIDEM 2011: Social Games Are Serious Business -- But Can Others Follow Past Successes?

    January 24, 2011 12:00 AM EST CANNES, France -- There are plenty of individual examples of artists who have experimented successfully with social games. But is there a model here that all artists can follow? Or is it like the mobile app space -- something a handful of artist h ...

  38. Did Viacom Sell Rock Band Developer Harmonix for $50?

    January 04, 2011 12:00 AM EST File this under "who knows?" but Peter Kafka over at All Things Digital's Media Memo blog is reporting that Viacom sold its Rock Band developer unit Harmonix late last year for as little as $50. Now that's a hook-worthy but som ...

  39. Analysis: Viacom's Sale of Harmonix Is No Surprise

    December 27, 2010 12:00 AM EST Viacom's decision to sell video game maker Harmonix last week may have seemed out of the ordinary, but the odds of success are often stacked against many such acquisitions. Last week, Viacom sold Harmonix to investment firm Columbus Nova for ...

  40. Viacom Parts Ways With Rock Band

    December 23, 2010 12:00 AM EST Viacom Inc has sold Harmonix Music Systems, the developer behind the Rock Band franchise, to the investment firm Columbus Nova, ending a failed foray into the video game business. Analysts have long questioned the value of Rock Band for a company ...

  41. Top Disney Exec Yanover Exits Company

    December 21, 2010 12:00 AM EST One of Disney's top digital executives is leaving the company, according to Deadline.com . Paul Yanover, evp and managing director of Disney Online -- who logged 16 years at Disney across two separate stints -- announced he's exiting in ...

  42. Business Matters: In Sign of the Times, Columbia House CD/DVD Club Closes in Canada

    December 15, 2010 12:00 AM EST Record Clubs Take Another Step Toward Extinction -- Once a major force in music sales, the record club has taken another step toward extinction. CD and DVD mail order company Columbia House and book-of-the-month club Doubleday Canada (not to be co ...

  43. Kinect Sales Top 2.5 Million

    November 30, 2010 12:00 AM EST How popular is the new Kinect motion-based gaming system for Microsoft’s Xbox 360? In 25 days, it’s already sold 2.5 million, according to data it revealed today. Microsoft originally hoped to sell 3 million by the end of the year and 5 million by ...

  44. Universal Music Group Revenue Up In Q3

    November 15, 2010 12:00 AM EST In a time when flat is the new up, Universal Music Group is having a pretty good year. In the third quarter of 2010, the UMG's revenue was up 6% (down 3% at constant currency) to 1.03 billion euros ($1.39 billion). Earnings before interest, t ...

  45. Updated: Viacom To Sell Gaming Unit Harmonix

    November 11, 2010 12:00 AM EST Updated: Harmonix released a statement today asserting that Viacom’s sale plans won’t have any affect on its operations. "This morning's announcement does not affect the ongoing work at the studio as we continue to support our existing f ...

  46. Activision Blizzard Revenue Up 10% In 2010

    November 08, 2010 12:00 AM EST Activision Blizzard posted a strong third quarter and its CEO said it is on track to have its most profitable year. The video game company took in $745 million in the quarter, up 6% from the same period last year. Through the first nine months of ...

  47. New Michael Jackson Video Game Revives Moonwalking

    November 02, 2010 12:00 AM EDT Video game maker Ubisoft is betting that dancing games will be all the rage this holiday season -- thanks in big part to the King of Pop. The company will bring "Michael Jackson The Experience" to stores Nov. 23 on Nintendo's Wii fo ...

  48. Analysts: There’s A Goldmine In Virtual Goods

    October 15, 2010 12:00 AM EDT Where’s the money in mobile apps? According to app analysis firm Flurry, it’s in virtual goods, not ads. In a post on the company’s blog , Flurry notes that mobile virtual good account for 80% of revenue from iPhone and iPad apps, which include su ...

  49. With Mobile Apps, VCs Becoming More Selective

    September 16, 2010 12:00 AM EDT Mobile apps are exploding across all platforms, and venture capitalists are getting increasingly selective about which companies and services they’ll back. That’s the upshot of a panel at the AppNation conference taking place in San Francisco this ...

  50. 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 ...

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