Video Games
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Trans World Entertainment Selling f.y.e. Retail Chain
Trans World Entertainment Jan. 23 announced it is selling its flagship f.y.e. (For Your Entertainment) home entertainment retail chain to Sunrise Records and Entertainment Ltd. for $10 million. The deal, pending shareholder approval, would transfer the retail brand (operating in U.S. malls and Puerto Rico) and web properties (www.fye.com and www.secondspin.com) to the parent of … Continue reading “Trans World Entertainment Selling f.y.e. Retail Chain”
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BYUtv Creates Distribution, Format Partnership with Kelencontent
Brigham Young University’s branded television and streaming video platform, BYUtv, has announced a partnership with Kelencontent to represent the distribution and format rights for its long-running hidden camera prank TV series, “Random Acts.” Now in its fifth season, “Random Acts,” features unscripted half-hour episodes offering audiences a new twist on the hidden camera genre with … Continue reading “BYUtv Creates Distribution, Format Partnership with Kelencontent”
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NPD: December Video Game Sales Fell 15%
As expected, sluggish video game sales declined for the fifth straight month, falling 15% to $2.98 billion from $3.5 billion in the previous-year period, according to new data from The NPD Group. Hardware sales fell 17%, to $973 million from $1.17 billion. Software dropped 13% $1.14 billion from $1.31 billion. Accessories and game cards dropped … Continue reading “NPD: December Video Game Sales Fell 15%”
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GameStop Winter Retail Sales Fell 27.5%
Video game retail sales took another hit when GameStop, the world’s largest physical video game retailer, Jan. 13 reported a 27.5% decline in sales for the nine-week holiday period ended Jan. 4 compared with the previous-year period. Total comparable store sales decreased 24.7%, following a 1.5% increase in comparable store sales for the similar period … Continue reading “GameStop Winter Retail Sales Fell 27.5%”
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Veronica Rogers Appointed SVP of Business Opps at Sony Interactive Entertainment
Veronica Rogers will oversee global business operations as the new SVP of business operations for Sony Interactive Entertainment, the company responsible for the PlayStation brand and family of products. She will report to president and CEO Jim Ryan and will lead Sony Interactive Entertainment’s go-to-market organization globally. Rogers will help drive business growth, lead strategic … Continue reading “Veronica Rogers Appointed SVP of Business Opps at Sony Interactive Entertainment”
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Apple Drops Subscription Gaming Platform Price, Eyeing Content Bundles
Apple, like much of the tech world, has gone to a subscription-based business model to offset slowing iPhone sales. In addition to launching Apple TV+, Apple bowed gaming-themed Apple Arcade and news-based Apple News+. Now, the company is cutting $10 from Arcade when paying the full $49 annual price compared to the $4.99 monthly fee. … Continue reading “Apple Drops Subscription Gaming Platform Price, Eyeing Content Bundles”
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Microsoft Unveils Xbox Series X Video Game Console Launching Winter 2020
Microsoft formally unveiled its next-generation Xbox video game console, dubbed Xbox Series X and set to launch at retail for the 2020 winter holidays. The new gaming console, disclosed at The Game Awards 2019, claims to be eight times faster than Xbox and twice as fast as Xbox One with terabyte of storage and UHD … Continue reading “Microsoft Unveils Xbox Series X Video Game Console Launching Winter 2020”
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GameStop: Surviving the Waiting Game
As the world’s largest video game retailer, GameStop has big expectations for new generation consoles coming a year from now from Sony PlayStation and Microsoft’s Xbox platforms. In the meantime, the Grapevine, Tex.-based chain continues to absorb fiscal body blows as gamers halt spending on packaged media and/or explore digital alternatives. Global sales decreased 25.7% … Continue reading “GameStop: Surviving the Waiting Game”
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GameStop Fiscal Woes Continue
As expected, GameStop Dec. 10 reported a third-quarter (ended Nov. 2) net loss of $83.4 million, which was an improvement of sorts from a net loss of $488.6 million during the previous-year period. The narrowed loss is hardly a bright spot since the nation’s largest video game retailer reported significant declines in every business segment … Continue reading “GameStop Fiscal Woes Continue”
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Google Stadia Online Gaming Platform Set to Launch Nov. 19
The new dawn of online gaming is upon us as Google readies the Nov. 19 launch of Stadia, the broadband-based platform affording users cloud-based access to games. The platform promises to allow users access to major games heretofore only available on disc and playable on traditional consoles. Indeed, users will actually be playing games streamed … Continue reading “Google Stadia Online Gaming Platform Set to Launch Nov. 19”
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NPD: October Video Game Sales Fail to Beat Last Year’s Record
Sales of video games and hardware in October topped $1 billion, which was down 34% from last year’s record $1.57 billion month, according to new data from The NPD Group. The tally was still the second-best October in past 10 years, and a positive for an industry undergoing change in how consumers acquire and play … Continue reading “NPD: October Video Game Sales Fail to Beat Last Year’s Record”
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NPD: September Video Game Sales Drop 8%
Sales of video game hardware and software continued their monthly decline, with September revenue down 8% to $1.27 billion compared with $1.39 billion from the previous-year period, according to new data from The NPD Group. “Year-to-date spending across tracked video game hardware, software, accessories, and game cards has fallen 6% when compared to 2018, to … Continue reading “NPD: September Video Game Sales Drop 8%”