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Xbox 360 Pricecut Welcomed By Interactive Entertainment: Activision, ... -08/24/09 at 8:36 AM CDTby Perry Rod

At the GamesCom conference last week, eyebrows were raised when Microsoft did not announce a pricecut of the 360 after Sony announced their PlayStation 3 console's drop to $299. Over the weekend, however, a Wal Mart (WMT) advertisement distributed by video game website Kotaku and also another regional chain advertisement appear to confirm the coming of a ...

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Sony PS3 Pricecut, Welcome News for Activision, Electronic Arts, Game... -08/18/09 at 12:57 PM CDTby Perry Rod

There is a universal sigh of relief in the interactive entertainment industry today as Sony has just announced at the end of their Gamescon 2009 presentation that the new PlayStation 3 Slim will now be $299 (299 euros, 29980 yen).  That will also be the new price for all PlayStation 3's for sale on the market starting tomorrow, August 19, 2009. Kotak...

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Activision Executives Sell Millions of Shares While Company Buys Back... -08/17/09 at 10:41 AM CDTby Mahyar Hashemi

Activision Inc. (ATVI) upped their stock buyback program from 1 to 1.25 billion dollars worth of shares on August 5 as a part of their first quarter earnings report announcement.  At the same time, the company’s CEO Robert Kotick was still busy selling stock, including recent sales disclosed late in the day to the SEC on Friday, August 14.&nbsp...

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Summer Meltdown For The Video Game Industry -07/30/09 at 8:18 AM CDTby Perry Rod

Sony and Nintendo reported disappointing numbers in Japan overnight. Nintendo Wii sales dropped 57% year over year from 5.17 million to 2.23 million units worldwide.  Sales of PlayStation 3 dropped 31% year over year from 1.6 million to 1.1 million units worldwide.  PS3 software sales were down 35% in that same period.  The PlayStation Port...

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THQ Inc. Sells Over 1 Million UFC Undisputed Copies In First Month -06/11/09 at 6:40 PM CDTby Mahyar Hashemi

According to research group NPD, UFC Undisputed moved just over a million copies in its first twelve days on the shelf in North America.  That may explain why THQ stock is up 64% since its release date.  Analysts were expecting much fewer first month sales.  Wedbush Morgan senior analyst Michael Pachter had predicted 400,000 copies to sell ...

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Nintendo Stock Falling In Japan Despite Record Breaking Sales -01/21/09 at 2:24 AM CSTby Perry Rod

While video game sales break new records all across the world, video game stocks have seen better days. American publishers Activision (ATVI), Electronic Arts (ERTS), Take Two (TTWO) and THQ (THQI) have all seen their stocks dramatically fall over the year.  The latter has had the worst hit, sinking 86% in a year while others have been cut by over ...

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