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Nalezeno "business finance": 285

Sony Now Owns Anime Site Crunchyroll


Having first been reported in October 2020, then begun in December 2020, Sony’s billion-dollar purchase of anime streaming site Crunchyroll has now been completed.Read more

Nintendo Sold Too Much Animal Crossing Last Year And That's Hard To Repeat


Last year was effing awful, but Nintendo did great. At this time last year, Kotaku reported that Nintendo’s profits between April and June 2020 increased by over 400 percent—a number that even a year later is hard to comprehend. Understandably, during that same period this year, the feat was hard...

Nintendo Lawsuit Forces Japanese Dev To Cough Up $30 Million


In December 2017, Nintendo sued Japanese developer Colopl over patent infringements in the free-to-play mobile game Shironeko Project. According to an official statement, Colopl has agreed to pay Nintendo 3.3 billion yen ($30 million).Read more

Activistion Blizzard Faces Second Lawsuit Over First Lawsuit


A class action lawsuit filed today in the U.S. District Court of Central California on behalf of investors alleges that Activision Blizzard’s intentional failure to disclose its ongoing problems with sexual harassment and discrimination artificially inflated the company’s stock value. In layman’s...

Unionize


Steve Kim is a software developer and graphic designer.Read more

Nintendo Says Switch OLED Profit Story Is 'Incorrect'


Last week, a pair of analysts cired in a report from Bloomberg claimed that Nintendo’s new OLED model of the Switch contained “upgrades [that] are estimated to cost around $10 more per unit”, despite the console costing $50 more at the register than its predecessor. Today, Nintendo took the unusual...

Nintendo Investigated Report Of Forced Uighur Labor


In spring 2020, the BBC reported that tens of thousands from China’s Uighur ethnic minority group were being forced into factory labor, having no choice whether or not to work in the global supply chain for products made by 83 global brands.Read more

Sony Charging Devs At Least $25,000 For PlayStation Store Visibility


In a furious tirade on Twitter, independent games publisher Iain Garner of Neon Doctrine has unleashed his frustrations with trying to publish games on a major games console—one he says that isn’t made by Microsoft. During the spleen-venting, he suggests that getting prominent promotion for a game...

Activision Shareholders Vote To Keep Paying CEO Bobby Kotick A Ton Of Money


Long-time Activision Blizzard CEO Bobby Kotick eked out another lucrative victory today at the company’s annual shareholder meeting with a narrow vote of 54% in favor of maintaining his generous salary and millions in annual bonuses. The win comes after a year-long campaign by CtW Investor Group...

Investors Still Think Activision CEO Bobby Kotick Makes Too Much Money


Grass is green, the sky is blue, and Bobby Kotick is still rich. Earlier this year, Activision halved the CEO’s pay and annual bonus target after he spent years pulling in tens of millions of dollars (even after laying off employees), resulting in sustained pressure from investors. A group...

Nintendo Is Opening A Museum In Japan


Nintendo just announced plans to take one of its old production facilities in Japan and turn it into the “Nintendo Gallery”, a place to “showcase the many products Nintendo has launched over its history”.Read more

Even The Mormon Church Made Money On GameStop


The Church of Jesus Christ of Latter-Day Saints (known to everyday people as the Mormons) made bank off the boom in GameStop stock earlier this year, new SEC filings reveal. The Church saw a gain of over 900% on stock owned through its secretive investment arm, Ensign Peak Advisors.Read more

Sony Expects PS5 Shortages To Continue Into Next Year


Even though the PlayStation 5 launched in November 2020, the console is still scarce at retail. Sony Chief Financial Officer Hiroki Totoki apparently believes that these shortages will continue, even into 2022.Read more

Apple’s Not Happy With Epic’s Xbox Witness


On Wednesday, vice president of Xbox business development Lori Wright testified in the ongoing trial between Epic and Apple. Now, Apple wants the court to make an “adverse credibility finding,” due to Microsoft withholding pertinent documents in her testimony.Read more

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