This past Friday, publisher Namco Bandai revealed a year-over-year loss for the company totaling 300 million dollars. The company also published an overall net revenue loss of 11% from last year, most of the damage stemming from its video game division (6.85 billion yen, $74 million.) This comes despite 600 jobs having been cut this […]
Retail chain Game Crazy looks to be filing for Chapter 11, and shutting its doors permanently for it. The last significant national competitor to GameStop, a confirmed-legitimate Craigslist post confirmed the close-down, and will be liquidating its remaining stock in the coming weeks. We here at Elder-Geek are saddened by another store’s passing, but will […]
Tax breaks are one of the rare political tools that never go out of fashion. Although Florida only sports one studio of major note (Madden NFL‘s EA Tiburon,) the state is hoping to attract more studio talent with a 20% tax credit for qualifying products and their expenses. Passed through SB 1752, the legislation was […]
Nintendo recently forecast an expected drop in this year’s company profits. While nowhere near a loss, the profit reduction is significant, with an estimated income of 230 billion yen ($2.43 billion) compared to fiscal 2009’s 279.1 billion yen ($2.95 billion.) Most analysts agree with the forecast, considering it would be the company’s first since 2004, […]