Wedbush Securities

  1. Pandora Unveils Site Redesign, Drops Listening Caps (Sort Of)

    September 21, 2011 3:23 PM EDT The New Look: A screen grab from the newly redesigned Pandora site. Pandora came roaring out of the gate today with a fairly substantial overhaul of its website, as well as a change in how many hours of music users can stream for free. Previously, ...

  2. Higher Netflix Prices Equals Fewer Subscribers, Lower Stocks

    September 16, 2011 7:45 AM EDT SAN FRANCISCO (AP) - Netflix's decision to raise prices by as much as 60 percent is turning into a horror show. The customer backlash against the higher rates, kicking in this month, has been much harsher than Netflix Inc. anticipated. That p ...

  3. Apple Considering Offer to Buy Hulu (Report)

    July 22, 2011 8:41 AM EDT Apple is considering making an offer for the online video service Hulu, Bloomberg reported Thursday, citing sources. The company is said to be in early talks to buy the site, which is owned by Walt Disney, News Corp., Comcast's NBCUniversal a ...

  4. Google Unveils Google+ Social Networking Platform

    June 29, 2011 7:35 AM EDT NEW YORK (AP) - Online search leader Google Inc. is taking yet another stab at social networking, as it tries to go up against Facebook in this wildly popular and lucrative segment of the Internet. This time the project is called Google+ and it ai ...

  5. 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 ...

  6. Sony Says 'Anonymous' Set Stage for Data Theft

    May 04, 2011 5:08 PM EDT Sony Corp blamed Internet vigilante group Anonymous for indirectly allowing a hacker to gain access to personal data of more than 100 million video game users . The accusation came in a letter to Congress and prompted renewed complaints that the J ...

  7. Sony PlayStation Suffers Massive Data Breach

    April 26, 2011 8:32 PM EDT Sony suffered a massive breach in its video game online network that led to the theft of names, addresses and possibly credit card data belonging to 77 million user accounts in what is one of the largest-ever Internet security break-ins. Sony lear ...

  8. Apple iPad 2 Sales Estimated at a Million

    March 14, 2011 7:35 AM EDT Analysts expect Apple Inc to have sold close to a million iPad 2 tablet computers on its debut weekend -- significantly more than the first iPad, which went on sale last April. "We would not be surprised to see Apple sell closer to 1 million ...

  9. Music-Game Sales Drag Down Videogame Sector, But Dance Games Provide Hope

    January 14, 2011 12:00 AM EST How's this for embarrassing: music-based videogames sold so poorly this year that they singlehandedly dragged down the entire videogame sector. According to data compiled by the NPD Group , music-game sales fell to $70 million this past Decem ...

  10. 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 ...

  11. Viacom CEO: We Need To Pay Less For Music In Videogames

    February 12, 2010 12:00 AM EST During Viacom’s Q4 earnings call , on Thursday, Philippe Dauman, Viacmon’s president and CEO, pointed to lower rates paid to record labels as a part of a broader attempt to boost its struggling video games division. As we go forward, we are contin ...

  12. Analyst: Music Genre Dragging Down Videogame Sales

    January 11, 2010 12:00 AM EST When December video games sales results are released - expected after the market closes on Jan. 14 - Wedbush Securities analyst Michael Pachter forecasts a 12% drop in sales over the previous year. Driving the majority of that fall-a full two-thir ...