Video Games
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Discovery+ Tops 18 Million Paid Subscribers, Thanks to the Olympics
Discovery+, the subscription streaming video platform Discovery launched in January for $4.99 per month ($6.99 ad-free), topped 17 million paid subscribers through the second quarter ended June 30, and 18 million through Aug. 3. The tally, which includes Eurosport Player and GolfTV, among others, is up from 15 million paid subs in April and 13 … Continue reading “Discovery+ Tops 18 Million Paid Subscribers, Thanks to the Olympics”
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DirecTV Stream: Lipstick on Pay-TV Pig
NEWS ANALYSIS — AT&T’s pending launch of standalone “DirecTV Stream” as the new brand name for its declining satellite pay-TV businesses (i.e. DirecTV, AT&T TV, and U-verse) marks the telecom’s latest makeover in a disastrous M&A legacy. Marketing the platform with 15.9 million combined subs as a gateway (i.e. Roku and Fire TV) to third-party … Continue reading “DirecTV Stream: Lipstick on Pay-TV Pig”
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GameStop to Rebrand EB Games in Canada
GameStop July 28 announced that it plans to rebrand 4,000 EB Games stores in Canada to GameStop. By the end of this year, EB Games’ Canadian locations and online store will assume the GameStop brand and name. GameStop acquired Electronic Boutique in 2005 for $1 billion. It remains Canada’s largest video game retailer. “This decision … Continue reading “GameStop to Rebrand EB Games in Canada”
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PS5 Has Sold More Than 10 Million Units Globally
The PlayStation 5 (PS5) game console has sold through more than 10 million units globally since its Nov. 12, 2020, launch, according to Sony Interactive Entertainment. The PS5 is the fastest-selling console in the company’s history and continues to outpace sales of its predecessor PlayStation 4 (PS4), according to SIE. SIE also achieved additional milestones … Continue reading “PS5 Has Sold More Than 10 Million Units Globally”
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Video Games Surprise: Half-Year Sales Up Over 2020 Boom Year
The video game industry continues to prosper through six months of 2021 after setting revenue records during pandemic 2020. According to the Q2 2021 Games Market Dynamics: U.S. report from The NPD Group, overall total consumer spending on video gaming in the U.S. totaled $14 billion in the second quarter of 2021 (April to June), an increase … Continue reading “Video Games Surprise: Half-Year Sales Up Over 2020 Boom Year”
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Netflix Takes Next Step Toward Video Game Streaming
After much speculation, Netflix is reportedly set to enter the video game market, hiring a former Electronic Arts and Facebook executive to run the venture. Bloomberg reports that the SVOD pioneer has hired Mike Verdu to join as VP of game development, reporting to Greg Peters, chief operating officer. Verdu most-recently worked with Facebook to … Continue reading “Netflix Takes Next Step Toward Video Game Streaming”
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GameStop Expands Fulfillment With New Facility in Reno, Nevada
GameStop July 6 announced the continued expansion of its North American fulfillment network and entry into a lease of a 530,000 square foot facility in Reno, Nevada, which is expected to be operational in 2022. The nation’s largest video game retailer’s new presence in Reno will position it to grow in-store and online product offerings … Continue reading “GameStop Expands Fulfillment With New Facility in Reno, Nevada”
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Electronic Arts Buys Mobile Game Developer Playdemic From AT&T/Warner Bros. Games for $1.4 Billion
Electronic Arts, AT&T, and WarnerMedia June 23 announced the sale of Warner Bros. Games’ mobile-games centric developer Playdemic, Ltd., to EA for $1.4 billion in cash. The transaction generates more cash for AT&T to pay down $160 billion in debt following the Time Warner acquisition, while enabling Warner Bros. Games to focus on in-house IP … Continue reading “Electronic Arts Buys Mobile Game Developer Playdemic From AT&T/Warner Bros. Games for $1.4 Billion”
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GameStop Generates $1.1 Billion at the ‘ATM’
GameStop, the world’s largest standalone video game retailer, continues to defy Wall Street sensibilities despite middling financials. The Grapevine, Texas-based chain said it generated about $1.1 billion in revenue from “at-the-market” (ATM) sales of 5 million shares of common stock. An ATM offering is a type of stock sale utilized by publicly traded companies in … Continue reading “GameStop Generates $1.1 Billion at the ‘ATM’”
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GameStop Adds New CEO Matt Furlong to Board
GameStop, the world’s largest video game retailer, June 21 announced the appointment of new CEO Matt Furlong to its board of directors, effective immediately. The appointment date aligns with Furlong’s start date as new chief executive officer. Coinciding with Furlong’s appointment, outgoing CEO George Sherman has retired from the board. Five of the six members … Continue reading “GameStop Adds New CEO Matt Furlong to Board”
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NPD: May Video Game Revenue Growth Returns, Up 3%
Video game revenue returned to growth in May, as sales of game systems, titles and accessories inched up 3% to $4.45 billion, compared with $4.32 billion in the previous-year period, according to new data from The NPD Group. In April, video game revenue fell for the first time in 14 months. In May, the surge … Continue reading “NPD: May Video Game Revenue Growth Returns, Up 3%”
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GameStop Under SEC Scrutiny With Stock Up 1,500% in 2021
GameStop June 10 disclosed it is being investigated by federal regulators from the Securities Exchange Commission — the result of months-long stock volatility that has seen the video game retailer’s shares skyrocket 1,500% in value in 2021. The retailer said it is reviewing the regulatory request, producing the requested documents and intends to cooperate fully … Continue reading “GameStop Under SEC Scrutiny With Stock Up 1,500% in 2021”