Sunday, December 22

Tag: Games Software

The Secrets to Legendary Investor Charlie Munger’s Success
28Nov By adminNo Comments
Money

The Secrets to Legendary Investor Charlie Munger’s Success

Business and financial leaders made frequent pilgrimages to Los Angeles to hear Charlie Munger’s thoughts as he held court while peering through thick eyeglasses over high, rosy cheekbones.Among the attendees at his weekly “Friday lunch club” and periodic dinners were John and Patrick Collison, founders of the online payment firm Stripe; Bobby Kotick, chief executive of videogame company Activision Blizzard; Pradeep Khosla, chancellor of the University of California, San Diego; Maria Pope, chief executive of Portland General Electric, Oregon’s largest utility; and Howard Marks, co-founder of investment firm Oaktree Capital Management.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The Secrets to Legendary Investor Charlie Munger’s Success
28Nov By adminNo Comments
World

The Secrets to Legendary Investor Charlie Munger’s Success

Business and financial leaders made frequent pilgrimages to Los Angeles to hear Charlie Munger’s thoughts as he held court while peering through thick eyeglasses over high, rosy cheekbones.Among the attendees at his weekly “Friday lunch club” and periodic dinners were John and Patrick Collison, founders of the online payment firm Stripe; Bobby Kotick, chief executive of videogame company Activision Blizzard; Pradeep Khosla, chancellor of the University of California, San Diego; Maria Pope, chief executive of Portland General Electric, Oregon’s largest utility; and Howard Marks, co-founder of investment firm Oaktree Capital Management.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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TikTok’s Owner Wanted to Create a Hit Videogame. It Failed.
28Nov By adminNo Comments
Technology

TikTok’s Owner Wanted to Create a Hit Videogame. It Failed.

SINGAPORE—TikTok’s Chinese parent ByteDance has bet billions on videogames since 2019, setting up its own creative unit and acquiring buzzy game makers. Now it is winding down those efforts, its latest pullback from experimental forays into education, property brokering and virtual reality as it faces regulatory and economic headwinds at home and abroad.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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NetEase’s Quarterly Profit Rises on Higher Sales, Moderated Costs
16Nov By adminNo Comments
World

NetEase’s Quarterly Profit Rises on Higher Sales, Moderated Costs

NetEase’s quarterly profit rose as the Chinese videogame publisher posted a rise in sales that outpaced expenses.The Beijing-based company said Thursday that net profit in the third quarter rose 17% on year to 7.84 billion yuan (US$1.08 billion). Revenue rose nearly 12% on year to CNY27.27 billion, the bulk of which came from games and value-added services, while cost of revenues fell 3.5% on year.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Microsoft’s Next Act: Bending the Videogame Business Without Breaking It
11Nov By adminNo Comments
Money

Microsoft’s Next Act: Bending the Videogame Business Without Breaking It

Microsoft now owns some of the biggest videogames in the world. What it does with them could ripple across the entire industry—for good and bad. The biggest of those games is in the spotlight this week, as Activision Blizzard’s latest “Call of Duty” sequel went on sale Friday. Called “Modern Warfare III,” the new game is notable for a couple reasons. The first is that much of its development took place during a period in which Activision’s future structure was uncertain, as the $75 billion acquisition by Microsoft took nearly two years to close. Intense opposition from regulators made the deal far from a sure thing; it closed last month almost immediately after U.K. regulators ended their extended probe following concessions from Microsoft. Copyright ©2023 Dow Jones & Company, Inc. Al...
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Microsoft’s Next Act: Bending the Videogame Business Without Breaking It
11Nov By adminNo Comments
World

Microsoft’s Next Act: Bending the Videogame Business Without Breaking It

Microsoft now owns some of the biggest videogames in the world. What it does with them could ripple across the entire industry—for good and bad. The biggest of those games is in the spotlight this week, as Activision Blizzard’s latest “Call of Duty” sequel went on sale Friday. Called “Modern Warfare III,” the new game is notable for a couple reasons. The first is that much of its development took place during a period in which Activision’s future structure was uncertain, as the $75 billion acquisition by Microsoft took nearly two years to close. Intense opposition from regulators made the deal far from a sure thing; it closed last month almost immediately after U.K. regulators ended their extended probe following concessions from Microsoft. Copyright ©2023 Dow Jones & Company, Inc. Al...
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Nexon Taps Korea Unit’s Chief to Succeed Departing CEO
9Nov By adminNo Comments
World

Nexon Taps Korea Unit’s Chief to Succeed Departing CEO

Nexon Chief Executive Owen Mahoney is stepping down in March and will be succeeded by Junghun Lee, the head of Nexon Korea.Write to Dean Seal at dean.seal@wsj.comCopyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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A ‘Zelda’ Movie Could Mint Money for Nintendo
8Nov By adminNo Comments
Money

A ‘Zelda’ Movie Could Mint Money for Nintendo

Nintendo’s Super Mario brothers smashed, jumped and climbed their way into box office fame. Now the Italian-American plumbers’ colleague Link is looking to make his mark too.For investors, that is great news: It shows Nintendo is taking its cue from the likes of Sony, which has managed a string of successful game-screen crossovers like “The Last of Us.”Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Google’s App Store Power Goes on Trial
6Nov By adminNo Comments
World

Google’s App Store Power Goes on Trial

Updated Nov. 6, 2023 3:44 pm ETSAN FRANCISCO — Google’s power in the digital economy is facing another major legal test starting Monday in a case targeting its role as a gatekeeper on billions of mobile devices.A group of jurors heard opening arguments from Fortnite-maker Epic Games that Google used its dominant position to squeeze excess profits from app developers, as well as the search giant’s response to those allegations. The case forms the second part of Epic’s attack on the two largest mobile software providers after the game developer went up against Apple in a 2021 courtroom battle. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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