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Nalezeno "business finance": 257

Nintendo Is Absolutely Killing It Right Now

3.8.2023
Nintendo dropped its first quarter financial results on August 3, with the company revealing that it’s having a record-breaking year so far thanks to The Legend of Zelda: Tears of the Kingdom and The Super Marios Bros. Movie.Read more

GTA Online Publisher Execs Get $72M Thanks To Player Spending

1.8.2023
According to new documents, GTA, Borderlands, and NBA 2K publisher Take-Two Interactive is paying two of its top execs over $70 million this year, over twice what it paid the same executives last year. And that number could increase next year, as players continue to spend more and more on in-game...

Report: Nintendo’s Next-Gen Console To Release In 2024

31.7.2023
Nintendo is reportedly planning to release its much desired follow-up to the Nintendo Switch in the second half of 2024. Sources aware of the Zelda publisher’s next-gen console reportedly told VGC that it would be portable, like the Switch, but most details are still snugly under wraps. Read more

Microsoft Wins Court Battle With FTC Over Activision Blizzard Acquisition

11.7.2023
Federal Judge Jacqueline Scott Corley has ruled against the Federal Trade Commission’s attempt to block Microsoft from closing its $69 billion acquisition of Activision Blizzard until it can be fully reviewed, freeing up the companies to complete the deal before a July 18 deadline, and potentially...

Sony Won’t Share PS6 Info With Call Of Duty Devs If Owned By Microsoft

22.6.2023
If the sale of Activision Blizzard to Microsoft for $69 billion goes through, it could have big consequences for the future of Call of Duty on PlayStation. At least that’s what Sony Interactive Entertainment CEO Jim Ryan keeps saying. In a new deposition for the current lawsuit by the Federal Trade...

Reddit Hackers Demand $4.5 Million Ransom For Stolen Company Data

20.6.2023
The messy aftermath of Reddit’s controversial API price increase might get messier. The ransomware hacker group BlackCat, which claimed responsibility for snatching 80GB of company data in February, is now demanding the news aggregator and community platform fork over $4.5 million and rescind...

Amouranth Follows xQc’s Lead And Leaves Twitch

20.6.2023
Kaitlyn Siragusa—you’ll recognize her as variety streamer Amouranth—is leaving behind 6.4 million Twitch followers behind to stake a new claim on livestreaming platform Kick. Like other streamers fed up with poorly communicated changes around stringent monetization rules and an uncomfortable...

Gaming Just Isn't About You: Consoles Are Thrashed By Casual Games

19.6.2023
Gaming still isn’t all about you. New data released by PwC shows that “traditional” games make up only 26.7 percent of the revenue earned by the U.S. games industry, the vast majority of 2022's $54.1 billion coming from social or casual games. Esports, meanwhile, contributed just 0.8%. Added...

Twitch Mega Streamer xQc Signed By Gambling Company For $100 Million

17.6.2023
Twitch’s biggest streamer, Félix “xQc” Lengyel, is signing with the company’s newest rival, Kick, a streaming platform that offers better revenue splits and also appears to be centered around online gambling. The non-exclusive deal is valued at up to $100 million over two years, and is the latest...

GameStop Boss Celebrates NFT Marketplace Days After Laying People Off

12.7.2022
GameStop celebrated the launch of its NFT marketplace on Monday. Its Ethereum-based depot for virtually autographed JPEGs arrived just days after the meme stock giant ruthlessly laid off more employees, and based on my short tour through its website, it’s also still a little broken in places.Read...

GameStop Loses Executive, Does More Mass Layoffs Even As Meme Stock Surges

7.7.2022
A ruthless sea change is underway at GameStop. The company’s latest Chief Financial Officer, Mike Recupero, has resigned and another round of mass layoffs is underway at the video game retailer even as its meme stock continues to soar in price. CEO Matt Furlong told staff in an email reviewed...

Someone Reportedly Bought Up $40k Of Stock To Ask Nintendo About F-Zero

1.7.2022
Many Nintendo fans desperately want a new entry in the popular sci-fi racing series, F-Zero. However, only one diehard fan was reportedly dedicated enough to spend over 5 million yen (roughly $40,000 US) on Nintendo stock, giving him a chance to ask the Japanese publisher about F-Zero and...

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