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25 items- NEWSMicrosoft Challenges Apple And Google with Web-Based Gaming Store: ReportMicrosoft Corp (NASDAQ:MSFT) will reportedly debut its own web store for mobile-game consumables in July, offering an alternative to Apple Inc. (NASDAQ:AAPL) and Alphabet Inc’s (NASDAQ:GOOGL) Google app stores. The browser-based store, announced by Xbox President Sarah Bond at the Bloomberg Technology Summit, will first feature Microsoft’s games, with discounts on in-game items for titles like Candy Crush Saga. Later, the platform is expected to extend to other game publishers, reported Bloomberg. According to Bond, Microsoft’s decision to launch the store on the web, rather than as an app, ensures accessibility across all devices and regions, irrespective of closed ecosystem policies.
- NEWSMicrosoft CEO Satya Nadella Highlights Record-Breaking Gaming Performance, Expansion To Nintendo Switch, Sony PlayStationMicrosoft Corp (NASDAQ:MSFT) CEO Satya Nadella on Thursday announced the company’s record-breaking gaming performance and its expansion to Nintendo Co., Ltd (OTC:NTDOY) Switch and Sony Group Corporation (NYSE:SONY) PlayStation. What Happened: On Thursday, during the third-quarter earnings call, Nadella revealed that Microsoft had set new records for game streaming hours, console usage, and monthly active devices. The CEO also highlighted the successful addition of Diablo 4, the first Activision Blizzard, title to the Game Pass service. “Subscribers played over 10 million hours within the first 10 days, making it one of our biggest first-party Game Pass launches ever,” he said. Se
- NEWSSony Bets Big On Africa's $1 Billion Gaming Industry With Carry1st PartnershipSony Group Corporation (NYSE:SONY) is expanding its gaming footprint by investing in an African gaming startup, Carry1st. What Happened: Sony, the maker of the popular PlayStation gaming console, has made an undisclosed investment in Carry1st, a gaming studio based in Cape Town, South Africa, reported CNBC on Monday. The investment is through Sony’s venture arm, the Sony Innovation Fund. The investment is a strategic move that will see the two companies collaborating on various commercial opportunities. The partnership is currently in its early stages. Carry1st’s CEO and co-founder, Cordel Robbin-Coker, pitched Africa to Sony as the next major gaming market. He highlighted the incre
- NEWS"Microsoft Lays Off 1,900 Activision Blizzard, Xbox Staff; Cuts Represent Around 8% Of The Overall Microsoft Gaming Division" - Reuters NewsMicrosoft (MSFT.O), opens new tab is cutting around 1,900 jobs at Activision Blizzard and Xbox this week, news website The Verge reported on Thursday, citing an internal memo from the head of the company's gaming division.The cuts represent around 8% of the overall Microsoft Gaming division, with most of the layoffs set to happen at recently acquired videogame publisher Activision Blizzard.Microsoft did not immediately respond to a Reuters request for comment.The news follows job cuts at several other big firms including Alphabet, eBay and Amazon.com, which have signaled that the widespread pruning seen across the tech industry last year will continue in 2024.Microsoft closed its $69 billion
- NEWS'Complaint Counsel Opposes Respondent Microsoft Corporation's Motion To Reopen Discovery For The Purpose Of Serving Subpoenas Ad Testificandum On Ubisoft Entertainment And Sony Interactive Entertainment Regarding Their Agreements' - Court Documenthttps://www.ftc.gov/system/files/ftc_gov/pdf/609443_-_ccs_opp_to_rcs_motion_to_reopen_discovery_public_file_stamp.pdf
- NEWSInsomniac Breach Leaks Marvel, X-Men Gaming Details: Does Sony Fear Microsoft's Strategy?The Insomniac data breach disclosed a significant agreement between Sony Group Corp. (NYSE:SONY) and The Walt Disney Company's (NYSE:DIS) Marvel, outlining exclusive rights for Sony to produce X-Men games until Dec. 31, 2035. The Rhysida ransomware group leaked over 1TB of internal data from Sony's Insomniac Games, which comprised 1.3 million files. This occurred after Insomniac Games failed to meet the ransom deadline set by Rhysida, resulting in 98% of the data now being available on the darknet, Benzinga reported. See Also: Sony Reveals Another Security Breach, About 6,800 Employee Records Compromised According to IGN, the leaked documents revealed detailed terms of the deal, preventi
- NEWSMicrosoft's Activision Blizzard Settles California Gender Discrimination Case For $55MGame developer Activision Blizzard, now a subsidiary of Microsoft Corporation (NASDAQ:MSFT), has agreed to a nearly $55 million settlement with the California Civil Rights Department over a gender discrimination case involving female employees and contractors. What Happened: The settlement will cover legal costs and offer relief to women who experienced discrimination between October 2015 and December 2020. From the total settlement, $46 million will be directed to a fund for the affected women, reported CNBC. The announcement comes nearly two years after Activision Blizzard settled a similar case with the U.S. Equal Employment Opportunity Commission by establishing an $18 million fun
- NEWSXbox Sales Plummet In Europe As PlayStation 5 Dominates: What's The Impact Of Exclusive Titles?Microsoft Corporation's (NASDAQ:MSFT) presence in the console market, particularly in Europe, has encountered substantial challenges. This is indicated by a notable 52% decline in sales for the Xbox Series X and S compared to the increasing sales of Sony Group Corp's (NYSE:SONY) PlayStation 5 and Nintendo's Switch, as reflected in a report from GI.biz. See Also: PlayStation 5 Dominates The Console Market, Outpacing PlayStation 4 Sales The data reveals a stark reality for Xbox, with PlayStation 5 comfortably leading in Europe, marking a remarkable 143% surge in sales over the previous year, while the aging Nintendo ADR (OTC:NTDOY) Switch follows in second place, despite a 20% decrease in s
- NEWSTop 5 Tech Stocks See Increased Interest From Institutional InvestorsBenzinga looked at the heat map for “increased” interest from 13F filers during the third-quarter this year. Here are the top five stocks that garnered the maximum interest from the 13F filing community this past quarter: Western Digital Corp (NASDAQ:WDC) Western Digital is known for designing, developing, manufacturing and marketing hard disk drives, NAND flash-based storage devices, solid-state drives and enterprise storage platforms. Its products are commonly sold under the following brands: Western Digital, G-Technology, SanDisk and WD. Western Digital’s premier partners include Advanced Micro Devices Inc (NASDAQ:AMD), Broadcom Inc (NASDAQ:AVGO), Microsoft (NASDAQ:MSFT), Oracle
- NEWSBuffett, Dalio, Einhorn, Ackman: The Masters Of Wall Street Shuffle Their Stock Decks In Q3The latest 13F filings for the third quarter reveal significant moves by prominent hedge funds, including notable buys and sells in their portfolios. Warren Buffett’s Berkshire Hathaway Berkshire’s biggest holding remains Apple Inc (NASDAQ:AAPL). Other key portfolio holdings include Bank of America Corp. (NYSE:BAC), American Express Co. (NYSE:AXP), Coca-Cola Company (NYSE:KO) and Chevron Corp. (NYSE:CVX). For the third quarter this year, Berkshire Hathaway‘s (NYSE:BRK) (NYSE:BRK) top buys included Liberty Media Corp (NASDAQ:LSXMA) and Sirius XM Holdings Inc (NASDAQ:SIRI), the firm’s top sells were Activision Blizzard (NASDAQ:ATVI) and General Motors (NYSE:GM). Ray Dalio’s Bridgew
- PRACTIVISION AND QYOU PARTNER WITH LEADING SOCIAL CREATORS TO SUPPORT THE LAUNCH OF "CALL OF DUTY: MODERN WARFARE III"Unique Marketing Campaign to Drive Franchise Launch EngagementIncluded a "Creator Squad" Featured in "The Lobby" WATCH "THE LOBBY" HERE LOS ANGELES and TORONTO, Nov. 13, 2023 /PRNewswire/ - Renowned game publisher Activision (NASDAQ:ATVI) and award-winning media agency QYOU USA, a division of QYOU Media (TSXV: QYOU) (OTCQB:QYOUF), have launched a unique creator driven campaign for the latest installment of the iconic Call of Duty® franchise, Modern Warfare III, which hit shelves on November 10, 2023. The marketing campaign features five leading, cross platform creators who set a new standard in influencer activation with the merger of digital marketing, online content and "IRL" production.
- NEWSVideo Game Addiction Lawsuit Involves Microsoft, EA, Activision, Ubisoft, Epic Games: Were The Companies Allegedly Targeting Certain Gamers?A lawsuit filed in the Eastern District of Arkansas on Oct. 30 targeted major video game companies, including Microsoft Corp (NASDAQ:MSFT), Electronic Arts Inc (NASDAQ:EA), Activision Blizzard Inc (NASDAQ:ATVI), Ubisoft Entertainment SA (OTC:UBSFF) and Epic Games, for allegedly enabling video game addiction. The complaint, brought by an Arkansas mother on behalf of her child, accused these companies of engaging in a "concerted effort to get consumers addicted" to their games to maximize profits, Insider Gaming reported. See Also: When Innocent Play Turns Dangerous: The UK NHS Treats Child Gaming Addiction That Can Lead To Violence Against Parents The 13-year-old child, identified as G.D.,
- NEWSDevelopers Rushed 'Call Of Duty' Sequel Release To Meet ATVI Sales Targets: ReportActivision Blizzard Inc's (NASDAQ:ATVI) recent release, Call of Duty: Modern Warfare III, had a tumultuous development process. The game was rushed to meet Activision's annual sales targets, Bloomberg reports. Developers were pushed to their limits, often working overtime, including nights and weekends. Gamers and critics were already complaining about the latest entry in the Call of Duty franchise, due to the seemingly incomplete single-player campaign. See Also: 'Call Of Duty: Modern Warfare III' Gets Lit - Smoking Weed Is Now A Killer Move "Call of Duty: Vanguard," the previous game, was reportedly made under a similarly constrained development cycle. Staff members at Sledgehammer on
- NEWSGTA 6 In The Clear? Take-Two CEO Optimistic About SAG-AFTRA Negotiations, LayoffsDuring Take-Two Interactive Software Inc's (NASDAQ:TTWO) earnings call, CEO Strauss Zelnick addressed concerns about a potential strike by SAG-AFTRA video game actors impacting the upcoming Grand Theft Auto (GTA) 6 release. Negotiations will turn out "just fine," Zelnick predicts, according to IGN "We're optimistic. We value all of our talent greatly. We value excellent labor relations, and we're looking forward to reaching an agreement that serves everyone well." Take-Two is "completely protected" in case the negotiations, which are expected to resume next week, do not result in a favorable agreement, he added. See Also: Is GTA 6 On Track To Become The Most Expensive Video Game Ever Prod
- NEWSBlizzard Chief Thinks Microsoft Will Allow It To Be More Independent And Serve Players 'Better Than We Ever Have'Blizzard Entertainment boss Mike Ybarra thinks that being acquired by Microsoft Corp. (NASDAQ:MSFT) will allow it to be more independent and serve players "better than we ever have." What Happened: Ybarra expressed optimism for the studio's future autonomy following its acquisition by Xbox, speaking at the BlizzCon 2023 event. The comments were made in light of the $69 billion deal where Microsoft took ownership of the iconic gaming studio and its popular franchises. See Also: Apple's iPhone 15 Has Retained Over 70% Of Its Value Since Launch While Google's Pixel 8 Has Retained Just 36%: Report Ybarra, who has been with Blizzard since 2019, believes the merger with Microsoft will
- NEWSDiablo IV Expansion In 2024: Is There A New Class On The Horizon?Activision Blizzard Inc (NASDAQ:ATVI) has announced the first expansion for Diablo IV, titled "Vessel of Hatred," during Blizzcon 2023. This expansion is set to release in late 2024 and will introduce a new character class and a return to the jungle-covered region of Nahantu, first seen in Diablo II, Kotaku reported. See Also: No Call Of Duty On Game Pass This Year, But Diablo IV May Arrive In 2024 The expansion's story will revolve around the fate of the Prime Evil antagonist, Mephisto, and the demon's plans for Sanctuary after the events of Diablo IV. One of the significant highlights of this expansion is the addition of a brand-new character class to the game, one that has not been fe
- NEWSWhy The Latest Call Of Duty Game File Size Is Raising EyebrowsThe latest installment of the Call of Duty franchise, "Call of Duty: Modern Warfare III," has raised concerns due to its massive file size and a cumbersome download manager. On PlayStation 5 and Xbox Series X/S, the game occupies over 200GB of storage, with the new Call of Duty HQ download manager alone taking up around 50GB, Kotaku reported. See Also: 'Call Of Duty: Modern Warfare III' Gets Lit: Smoking Weed Is Now A Killer Move This is not a new issue for Call of Duty games, as their digital footprints have been growing in recent years. In 2020, "Call of Duty Black Ops: Cold War" consumed a staggering 255GB on the PS5 after all content packs were installed. Activision Blizzard Inc (NAS
- NEWSPS5 Slim Bundle Offers Modern Warfare 3 At No Extra CostSony Group Corp (NYSE:SONY) is releasing a PlayStation 5 Slim Disc Edition - Call of Duty: Modern Warfare III bundle, coinciding with the launch of Modern Warfare 3 on Nov. 10. Valued at $499, this bundle essentially grants players the game, which originally came with a $70 price tag, free of charge when purchasing the PS5 Slim. This information is based on reports from Call of Duty news site, CharlieIntel. See Also: PlayStation 5 Fully Stocked For The Holidays, Aims For Record Sales, Says Sony Executive While Activision Blizzard Inc (NASDAQ:ATVI) has previously bundled Call of Duty with consoles, this marks a significant first for the new PS5 model. Call of Duty: Modern Warfare III, dev
- NEWSMicrosoft's Earnings Report Ticked All The Right Boxes As It Continues To Fortify Its AI LeadershipWhen Microsoft Corporation (NASDAQ:MSFT) entered in a multibillion relationship with OpenAI, it made quite a wager that AI will change the way we work. With its latest quarterly results, that wager seems to be paying off already as the tech giant is rapidly infusing AI across its offerings and consequently, business processes with the result of increased productivity. When it reported its previous quarter, Microsoft dropped a bunch of well-known companies using its AI services, such as Airbnb Inc (NASDAQ:ABNB) and IKEA, this time it shed light on how its new tools are being used. Unlike Alphabet (NASDAQ:GOOG)(NASDAQ:GOOGL)-owned Google who reported a continued cloud slowdown, Microsoft ended
- NEWSStarfield Ignites Xbox Game Pass Success As Microsoft Charts 13% Revenue GrowthMicrosoft Corporation (NASDAQ:MSFT) CEO Satya Nadella confirmed that "Starfield" had a significant impact on the growth of Xbox Game Pass. When "Starfield" was launched, it resulted in the highest single-day increase in Game Pass subscribers ever recorded, according to Insider Gaming. Subscription services have been gaining increasing popularity, and Game Pass is no exception. Microsoft's commitment to adding day-one titles to Game Pass has continued to impress gamers worldwide, making the service a remarkable value for their money. See Also: Starfield Dominates September US Game Sales, Outshines Mortal Kombat 1 Notably, Xbox is currently experiencing a substantial upswing, with a recent
- SECSEC Form 15-12G filed by Activision Blizzard Inc.15-12G - Activision Blizzard, Inc. (0000718877) (Filer)
- NEWSDiablo 4 Faces Trading Shutdown Over Exploits: Blizzard's WarningActivision Blizzard Inc (NASDAQ:ATVI) has once again taken the step of disabling trading in Diablo 4 in response to a new item duplication exploit that players have been using. According to IGN, the announcement was made on the Blizzard forum by community manager filthierich, who reassured players that the development team is actively working on a solution, but until the issue is resolved, trading will remain temporarily suspended. See Also: Explore The Depths Of Diablo IV: Battle Pass Requires 80 Hours, Story Updates Every 3 Months Moreover, a strong message was conveyed to those involved in gold and item duplication exploits: "Any account that engages in gold and item duplication exploi
- SECSEC Form EFFECT filed by Activision Blizzard Inc.EFFECT - Activision Blizzard, Inc. (0000718877) (Filer)
- SECSEC Form EFFECT filed by Activision Blizzard Inc.EFFECT - Activision Blizzard, Inc. (0000718877) (Filer)
- SECSEC Form EFFECT filed by Activision Blizzard Inc.EFFECT - Activision Blizzard, Inc. (0000718877) (Filer)