Video game publisher Activision Blizzard Inc. posted a fourth-quarter loss Wednesday, but adjusted earnings jumped past Wall Street's expectations, boosted by strong sales of the latest "Guitar Hero" and "Call of Duty" games.
The company posted a loss of $72 million, or 5 cents per share, for the quarter, dragged down in part by charges from its combination with Vivendi Games last July. Adjusted earnings totaled $429 million, or 31 cents per share, surpassing the 29 cents per share that analysts polled by Thomson Reuters had expected.
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New report from Skillsearch found that 22% of those surveyed had been laid off within the past 12 months.
It's a step forward for Stop Killing Games.
The Callisto Protocol director thinks the solution involves the right people, the right timing, and perhaps a little bit of AI
I don't agree with that. I WISH I could agree with that. But buying habits and customer opinions prove otherwise
We've seen developers in the AAA space try new things and ideas. More often than not, the customers aren't willing to give things a chance, or not enough people buy into the project for it to grow.
Creativity works better in the indie space because the budgets, pressures, and expectations aren't the same.
it's a nice idea and it worked during the PS2/PS3-era when AAA didn't cost hundreds of millions of dollars. smaller budgets and shorter development time left room for more creativity and more risk. a game didn't need to sell 4 million+ copies to break even. things are different now.
This is the guy who bragged about crunching his staff and having them work through the night. Crunch culture has lost more talent and done more damage to the industry than any other factor. Screw him.
i thought blizzard would have never get LOSS in the recession. i mean 11 million users of world of warcraft and call of duty selling like crazy. hmmmm i think nobody is immune to recession.
thanks
Amazing with all those WoW subscriptions and all those Call of Duty and Guitar Hero sales and they still post losses...
its Activision who losing money not blizzard
But wow alone with 11mil users should earn them 165mil a month. How could they be spending more than 1,980,000,000 a year to post a loss? A servers really THAT expensive to maintain?
Just with WOW they have earnings of :
10 000 000 x 3 monthes x 15$ ( I give them 1 million slack to round up )
That makes 450 Millions ( just with WOW ), they say they earned only 438 Millions. What gives ???
I am talking earnings here, not profit.