Financials

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Square Enix financials indicate Marvel’s Avengers hasn’t done as well as hoped

By Stephany Nunneley, Saturday, 7 November 2020 15:20 GMT Square Enix has reported its financials for the first half of its current fiscal year, and it appears Marvel’s Avengers didn’t sell as well as the company estimated.According to the financials (thanks, GI.biz), only major releases such as Final Fantasy 7 Remake and Marvel’s Avengers provided an uptick in revenue for the first half of the year.While an uptick in revenue is always good, it doesn’t seem as though Marvel’s Avengers brought in as much revenue as the firm would have hoped.In the first half of the fiscal year when Final Fantasy 7…

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Call of Duty: Modern Warfare smashes franchise sales record

By Alex Calvin, Monday, 2 November 2020 12:27 GMT Call of Duty: Modern Warfare has sold more copies in its first year than any other entry in the franchise so far.That’s according to publisher Activision, who told investors – as transcribed by Seeking Alpha – that Modern Warfare had smashed series records. Notably, the firm didn’t actually put a figure on how many copies it had shifted in the last 12 months, but two-thirds of these purchases were made digitally.The company also boasts that the premium Modern Warfare and the free-to-play battle royale Warzone have “more than three times” the…

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EA shareholders reject proposed executive pay packages

By Sherif Saed, Tuesday, 11 August 2020 13:51 GMT A majority of EA’s shareholders have voted against EA’s proposed compensation package for its top executives.Early in July, the CtW Investment Group, one of EA’s pro-labour shareholders, urged investors to vote against the Say on Pay proposal. Had it passed, the proposal would have given EA complete control over how well it compensates its top executives outside of their salaries.The annual shareholder meeting in question took place last Thursday, August 6, and CtW’s argument has seemingly worked, convincing 68% of shareholders to reject the executive pay proposal. Over 171 million votes…

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GTA Online to get exclusive content on PS5, Xbox Series X and PC next year

By Sherif Saed, Tuesday, 4 August 2020 12:20 GMT Rockstar wants to make it worthwhile for GTA Online players to embrace next-gen consoles.Take-Two, the parent company of GTA Online developer Rockstar, revealed as part of its Q1 earnings call that the game is getting new content exclusive to PS5, Xbox Series X and PC.The new content will arrive sometime in 2021. GTA 5, of course, was previously announced for PS5 and later Xbox Series X, due for release in the second half of the the year. A standalone version of GTA Online is also due out in the same period…

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PlayStation just had its biggest quarter ever

By Sherif Saed, Tuesday, 4 August 2020 09:29 GMT The global coronavirus pandemic only helped boost PlayStation’s revenue.Sony’s first quarter of FY2020 (April-June 2020) has been PlayStation‘s best ever in terms of revenue, at $5.63 billion. During the quarter, PS4 shipped 1.9 million units, bringing total lifetime shipments to 112.3 million.The figure is certainly up over last quarter’s 1.4M, but significantly down compared to the same period last fiscal year (3.2 million). This downturn in hardware sales is expected, as the console approaches its final days ahead of the launch of PS5. That said, PS4 is still trending ahead of…

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Giving away GTA 5 on the Epic Store only boosted game sales and GTA Online revenue

By Sherif Saed, Tuesday, 4 August 2020 08:45 GMT Not even giving the game away for free could slow down GTA 5’s momentum.Take-Two had a record-setting quarter thanks to its ongoing games. As part of the publisher’s earnings for Q1 of FY2021, CEO Strauss Zelnick touched on the performance of GTA 5 and GTA Online, which somehow continue to set new records.More specifically, the company contextualised the decision to offer the game for free on Epic Games Store for a limited time in May. You’d think that giving the game away for free would negatively impact revenue, but it had…