Take-Two Interactive reported today that revenue for its third fiscal quarter (fourth calendar quarter ended December 31) beat Wall Street’s expectations, with revenue coming in at $860.9 million on a GAAP basis, down 7.5% from a year ago.
The company credited sales of NBA 2K21 and other existing titles for the results.
Take-Two’s stock price is trading at $204.47 a share, down 4% in…
Electronic Arts acquires Glu Mobile for $2.4 billion
February 9, 2021
Electronic Arts is getting into the Kim Kardashian business. At least, that is the case if its deal to grab mobile gaming behemoth Glu Mobile goes through. EA announced its plans today to acquire Glu in a deal worth $2.4 billion. The companies expect the acquisition to close…
Component shortages hit PS5, will Battlefield go free-to-play, and more | GB Decides 182
February 6, 2021
The gaming industry dropped a load of financial news over the last week. That has left the GamesBeat Decides crew to talk about PlayStation 5sales, component shortages, and more on this week’s episode.
Join GamesBeat editors Mike Minotti and Jeff Grubb as they tackle the…
ZeniMax Media CEO Robert Altman passes away at 73
February 5, 2021
ZeniMax Media chairman and CEO Robert Altman has passed away at the age of 73. The leader of the parent company of video game publisher Bethesda Softworks was in the midst of selling Bethesda to Microsoft for $7.5 billion.
Microsoft’s purchase of Bethesda for so much money speaks to the strength of the company that Altman built, with game brands such as The Evil Within, Wolfenstein, Quake, Doom…
Activision Blizzard reported earnings today that beat Wall Street’s expectations with 21% revenue growth to $2.41 billion for the fourth quarter ended December 31.
Activision’s Call of Duty franchise continued to outperform last year’s results as people continued to…
Call of Duty just had its best year ever
February 5, 2021
As part of its earnings report today, Activision Blizzard revealed that the Call of Duty had its strongest year ever in 2020. The series had over 100 million monthly average players during the year, and net bookings were at about double what they were in 2019.
Call of Duty…
EA moves closer to $1.2 billion Codemasters purchase
February 5, 2021
EA has edged closer to buying Codemasters after shareholders of the latter approved the takeover. Out of 76 shareholders, 63 approved EA’s $1.2 billion bid. Those who voted for the deal hold just under 99 percent of the total Codemasters stock.
Competition regulators in Germany and Austria have rubber stamped the acquisition and a court hearing will take place on February 16th. Barring any…
A Sonic Lego set is coming
February 5, 2021
Everyone’s favorite blue hedgehog is about to get his own Lego set. You can thank 24-year-old Sonic fan Viv Grannell and the Lego Ideas program for bringing Lego and Sega together. Over the years, the initiative, which allows fans to submit designs they’d like to see the…
Today was supposed to be the day that Super Nintendo World officially opened at Universal Studios in Japan. Even though that has been delayed indefinitely in the wake of rising COVID-19 infection rates, some lucky folks have had a sneak preview. A bunch of videos have…
Canceled Xbox 360 'GoldenEye 007' remaster is now playable on PC
February 5, 2021
Rare’s GoldenEye 007 for the N64 needs no introduction, and now it’s possible to revisit the game in a more modern form. This week, a ROM of a canceled 2007 Xbox 360 remaster of the game appeared online, allowing those with a PC to play it using an emulator. According to VGC (via Polygon), the leaked ROM includes the game’s entire single-player campaign, as well as its multiplayer component.
