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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UK game firms face a testing time as they prepare for the next round of games consoles, the industry warns.
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BusinessWeek Online - Electronic Arts' ERTS) video games have been getting long in the tooth and the Redwood City (Calif.) company struggled in recent months to keep up sales. But investors bought the stock on Feb. 2 as they hoped EA will overcome its challenges next year.
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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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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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Multimedia Games might appear cheap, but most investors should stick to the bigger slot makers.
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Microsoft, Sony and Nintendo should abandon the console wars, says  a senior executive at Electronic Arts.
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Online gambling firm PartyGaming Plc reported first-half earnings in line with previously lowered expectations and said it was still trying to cut a deal with U.S. authorities following a crackdown on gambling there.
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Video games with online  components bring in more than twice the revenue as those played  offline, a research firm said in a report to be published on  Thursday.
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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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Sony's U.S. video-game unit is cutting jobs to become more competitive, the company said Thursday, as the PlayStation 3 machine struggles against rival offerings from Microsoft and Nintendo.
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PC maker says mergers and acquisitions aren't the way to succeed.
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The head of Lazard LLC is asking partners to take a one-third pay cut as the investment bank readies for an initial public offering, according to a report published Friday.
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Leading figures in the games industry give their views on the government-commissioned review into gaming.
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See: needs to beef up to keep its grip on its flagship--and increasingly global--Electronic Arts business. And it's looking to make a deal with an agency network to do so, sources said.
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Is competition to keep up with the next-gen Joneses slowly running the video-game industry into the ground?  In Game|Life.
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Shares of Multimedia Games Inc.  MGAM.O fell 19.5 percent before the bell Friday a day after  the developer of games for casinos said it will post  unexpectedly weak fourth-quarter and full-year results.