video game industry

GameStop Corp. (NYSE: GME) Chairman Ryan Cohen adopted a no-frills strategy in hiring Amazon.com Inc. (NASDAQ: AMZN) executive Matt Furlong as the videogame retailer’s new CEO, Reuters reported, citing people familiar with the matter. What Happened: Cohen, who is also the co-founder of online...

The second season of Fortnite’s Chapter 2 went live Thursday with a new vibe that gives the smash hit from Epic Games an espionage thriller theme. The new story line is called “Top Secret” and features operatives from rival organizations, called Ghost and Shadow, ...

Sony Corp (NYSE: SNE) unit Sony Interactive Entertainment won't participate at the PAX East gaming conference in Boston at the end of this month because of "increasing concerns," related to the Wuhan coronavirus, also known as COVID-19. What Happened While there have been fewer than...

Electronic Arts Inc. (NASDAQ: EA) remains in the game after a third-quarter print showing strong revenue growth paced by in-game purchases and some good numbers from its Madden football franchise and a Star Wars game, analysts said Friday. A trio of analysts continued to recommend the stock...

"Horizon: Zero Dawn," a game exclusive to Sony Corp (NYSE: SNE)'s Playstation 4, will be out this year for personal computers, Kotaku reported Thursday. The publication cited Sony sources, though the company isn't commenting. Why It's Important The move would be siginificant...

Several video game makers have announced release date delays. Rock Pocket Games’ "Moons of Madness" has been delayed for PlayStation 4 and Xbox until March 24, 2020, according to the Norwegian developer's website. Another developer, CD Projekt, said on Twitter Thursday that...

Niantic's Pokémon GO had its best year ever in 2019, even besting 2016, when seemingly everyone was running around their towns playing the game right after its launch, app tracking website Sensor Tower reported Friday. The augmented reality mobile game app generated just under $900...

Analysts were pleased with Activision Blizzard, Inc. (NASDAQ: ATVI)’s second-quarter earnings beat and largely unphased by lower projections for third-quarter revenue, continuing to see the video game maker’s 2019 as a rebuilding and investment year ahead of a more exciting future....

Take-Two Interactive Software, Inc (NASDAQ: TTWO) stock was soaring Tuesday as analysts boosted price estimates in the wake of another big earnings beat and guidance that suggests the company thinks more wins are coming. The company reported higher net bookings and EPS 23 cents above the Street...

Electronic Arts Inc. (NASDAQ: EA) turned in above-consensus revenue and saw its stock rise on Wednesday, but Bank of America says its fiscal year outlook remains unchanged and is staying Neutral. The Analyst Bank of America’s Ryan Gee reiterated a Neutral rating on EA, raising the price...

Don't let the recent studio and publisher closures fool you; the game industry is growing, not contracting or consolidating. IBISWorld analyst James Crompton said he expects industry entrants (new game companies) to exceed the number of consolidations. "A lot of this is driven by social...