Tag:

gaming

Take-Two Interactive Cuts Sales Forecasts Following Weak Gaming Demand

Take-Two Interactive Software has announced a downward revision of its fourth-quarter bookings forecast, reflecting concerns over sluggish demand for its gaming titles such as...

Fortnite Maker Epic Games Set to Receive $1.5 bn Investment from Disney

Disney CEO Bob Iger unveiled plans for a significant investment in Epic Games, the publisher behind the popular video game Fortnite, marking Disney’s largest...

Nintendo Raises Full-Year Switch Sales Forecast to 15.5 mn Units

Nintendo has announced an upward revision of its full-year Switch sales forecast to 15.5 million units, up from the previous estimate of 15 million...

Electronic Arts (EA) Reports Marginal Growth in Revenue Due to Drop in Demand for Video Games

Electronic Arts (EA) has disclosed its financial results for the third quarter ending December 31, 2023, revealing a revenue of $1,945 million compared to...

Microsoft Appoints Johanna Faries as President of Blizzard Entertainment

Microsoft has appointed Johanna Faries, the former general manager of “Call of Duty,” as the new president of the game publishing unit Blizzard Entertainment....

Microsoft to Cut 1,900 Jobs in Wake of Activision Blizzard Acquisition

Microsoft has confirmed the layoff of at least 1,900 employees from its recently acquired gaming giant, Activision Blizzard, as well as its own Xbox...

Tencent Subsidiary Riot Games Announces Global Workforce Reductions

Tencent Holdings’ subsidiary Riot Games revealed plans to undertake significant workforce reductions, affecting approximately 11 percent of its global staff, totaling 530 employees. The...

Gaming Giant FDJ Offers $2.83 bn to Buy Kindred Group in Takeover Bid

French gaming company La Francaise des Jeux (FDJ) has announced a takeover offer to acquire Swedish online peer Kindred Group in a strategic move...