Competition hits Lara Croft firm
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The computer games maker behind the popular Lara Croft adventure says sales will be hurt by pricing pressure.
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The company has changed its strategy in an effort to dominate the newest generation of video game consoles.
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Junko Furusawa, left, and Daisuke Nakata, both PR staffs of Sony Computer Entertainment, Inc., display how to compete racing game with Sony PlayStation Portable in Tokyo Tuesday, Dec. 21, 2004.
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When the violent video game &quot;Grand Theft Auto: San Andreas&quot; hits stores on Tuesday, its sales could eclipse Hollywood&#39;s most successful films, even as it draws the ire of critics.
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The PlayStation Portable is the talk of the town, after basking in the limelight at a recent game show. But despite all the hoopla, Sony Computer Entertainment Co.
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The game business has come to rely on sequels, even more so than Hollywood. While thatÂs good news for their revenues, itÂs bad for the independent developers who built the industry.
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Take-Two Interactive, maker of the popular Grand Theft Auto series of video games, came under the gun itself Wednesday when several investors threatened to take on the company's management.
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It's the hottest ticket in town, as dedicated fans flock to retailers to grab copies of Microsoft's new video game. The opening-day sales figures catapult the sequel to the top of the entertainment heap.
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By Bloomberg News. Electronic Arts, a maker of video games, said yesterday that it bought 19.9 percent of a French competitor, Ubisoft Entertainment, the maker of games based on Tom Clancy novels.
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The game-console war is officially under way with the sold-out launches of Sony's PlayStation 3 and Nintendo's Wii, but there are still a lot of battles to fight &#151; and dragons to slay.
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The new unit at EA reveals a competitive move that may be anything but casual.
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The game console is expected to appeal to a wider variety of consumers.
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Electronic ArtsÂ interest in buying up a piece of Ubisoft draws an arrow on the odd paradoxes of the video game industry in France.
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The video game maker exceeded Wall Streetâs earnings expectations despite a 38 percent drop in third-quarter sales.
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One of Britain's largest independent game makers, Argonaut Games, has been put up for sale.
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Oracle&#39;s acquisition of PeopleSoft will create a bigger competitor for Microsoft and put one of the Redmond company&#39;s largest industry partners in the hands of a rival.
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The video game industry has become a force to be reckoned with in the entertainment business. Now it wants a share of the advertising pie.