Games Business Needs Mergers, Price Cuts-Report
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Video game executives believe consolidation will be crucial to their future, but they also want further cuts to hardware prices to boost short-term growth, according to a report set for release this week.
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Game publisher's purchase of a chunk of rival Ubisoft caps a year of aggressive business moves.
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Game makers are not doing enough to attract people who only play occasionally, a conference has been told.
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The video game wars, particularly between top rivals Sony and Nintendo, are in heavy battle mode during the holiday season, with stores struggling to keep enough of the hottest consoles and game titles on the shelves to satisfy hungry gift-buyers. -washingtonpost.com
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The board of Harrah's Entertainment  Inc.  is considering two bids, each offering around $16  billion for the casino company, according to a report on the  Wall Street Journal's Web site on Friday.
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Recent launches of new video game consoles from Sony , Microsoft  and Nintendo  are benefiting game maker Electronic Arts Inc. , which is aiming to garner 20 percent of total game sales, according to Barron's.
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Shares in video games maker Eidos fall more than 17% after the creator of the Lara Croft series says it can not guarantee the firm will be bought.
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Video games for next generation games consoles are unlikely to make a profit in the near future, a report says.
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If the video game industry is beginning to rake in revenue that rivals the movie industry, it's also beginning to accumulate Hollywood-like headaches.-The Washington Post
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The board of Harrah's Entertainment Inc.  is considering two bids, each offering around $16 billion for the casino company, according to a report on the Wall Street Journal's Web site on Friday.
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The consolidation wave in the gaming industry has taken yet another somewhat shocking turn. Wednesday afternoon, casino and racetrack operator Penn National Gaming (Nasdaq: PENN
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Sony Corp.'s  $100 price  cut for the PlayStation 3 is not enough to turn the fortunes of  the game console, which has suffered a slow start, an executive  of game software maker Konami Corp.  said.
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Media conglomerate Viacom Inc. (VIAb.N: Quote, Profile, Research) is considering entering the video game business and could acquire Midway Games Inc.
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GameStop's lack of a competitive advantage leaves investors with many questions.
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Making games for the future consoles is going to take a lot of time and money, a games conference is told.
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TOKYO -- Just when Sony appears to have turned around its electronics business, another part of its sprawling empire _ video games _ is dragging down profits.
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UK game firms face a testing time as they prepare for the next round of games consoles, the industry warns.