Posts tagged financial 
38 Studios lays off entire staff, sells Big Huge Games [Updated]
The 38 Studios disaster continues to unfold today, as the troubled studio laid off its entire staff and may be selling off its Big Huge Games division in Boston. Boston's Fox 25 News speculates that the studio may close by this weekend. 38 Studios CM Charles Dane confirmed being laid off on ...
Layoffs confirmed for 38 Studios, Rhode Island takes no action
If last week's Project Copernicus flythrough had been a hopeful note, the latest news out of 38 Studios is another downturn. Following a meeting today, the Rhode Island EDC board decided to take no action to help the ailing company at this time. Governor Lincoln Chafee said following the meeting ...
Rumor: 38 Studios may be having financial trouble
38 Studios is one of many developers whose first big game (Kingdoms of Amalur: Reckoning) was rumored to lead into an MMO further on down the line. It looks like there may be storm clouds on the horizon before that project even gets moving, however, as the company may be facing financial issues. ...
Black Prophecy developer Reakktor Media on its last legs
The future is looking a bit hazy for Black Prophecy developer Reakktor Media, as reports indicate that the studio "has begun the insolvency process" and is scrambling for work in order to keep itself afloat. Speaking to GamesIndustry.biz, Reakktor Media's managing director Kirk Lenke stated ...
CCP touts EVE growth, considers IPO
Despite the commonly held belief that 2011 was a disastrous year for CCP and EVE Online, the firm recently told TechCrunch that its sci-fi sandbox game brought in $66 million in revenue last year. The website reports that EVE's revenue features a compound annual growth rate of 53 percent, and ...
Subscriber numbers lead to a new hope for Electronic Arts stock
It's official: As of yesterday, Star Wars: The Old Republic has 1.7 million active subscribers and has sold 2 million copies. That's good news for fans of the game, but it's also good news for both BioWare and Electronic Arts. Apparently, it's seen as very good news for Electronic Arts, as the ...
Analyst claims that Star Wars: The Old Republic points to a healthy MMO market
The gaming industry is pretty morbid when you get right down to it. 2011 has seen several people predicting the death of the MMO market and the death of subscription games, often times in the same sentence. But according to analyst Colin Sebastian, the launch of Star Wars: The Old Republic makes ...
Square-Enix bracing for big financial losses
By all accounts, Square-Enix has had a rough year. Lukewarm reception of its Final Fantasy XIV MMORPG last fall, followed by the devastating Japanese earthquake and tsunami this spring, have conspired to paint a bleak portrait of the gaming giant's immediate financial future. Gamespot reports ...
Activision Blizzard posts record profits, WoW subs declining [Updated]
The most recent World of Warcraft expansion has garnered its fair share of criticisms from players, but for better or for worse that hasn't made a dent in the parent company's empire. Activision Blizzard hasn't just been surviving but thriving, posting a record profit for the first quarter of ...
The state of the subscription MMO: Revenues up, WoW's stranglehold slipping
While MMO subscription numbers are largely hidden from public eyes, GamesIndustry.biz found a report by Screen Digest that delivered solid figures for the rate of subscription growth and revenue from the Western market. It's a classic case of "good news, bad news" for the industry. The good news ...
