Sunday, December 22

Tag: Toys/Games

Google Loses Antitrust Case Brought by Epic Games
12Dec By adminNo Comments
World

Google Loses Antitrust Case Brought by Epic Games

Updated Dec. 11, 2023 11:35 pm ETGoogle lost an antitrust case over the market power of its app store on Monday, a blow to the search giant as it faces other legal challenges to its search dominance and ad tech business.Videogame maker Epic Games sued the search giant in 2020, alleging it used its dominant position to squeeze excess profits from app developers. The San Francisco jury reached a unanimous verdict after deliberating for less than four hours. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Hasbro Layoffs: Toy Company to Cut Nearly 20% of Workforce
11Dec By adminNo Comments
World

Hasbro Layoffs: Toy Company to Cut Nearly 20% of Workforce

Updated Dec. 11, 2023 5:37 pm ETHasbro is cutting nearly 20% of its workforce as weak sales for toys and games persist into the critical holiday shopping period. The maker of Transformers action figures, the Dungeons & Dragons fantasy game and Monopoly will cut about 1,100 jobs, on top of 800 layoffs earlier this year, Chief Executive Chris Cocks said Monday in a memo to employees viewed by The Wall Street Journal. Hasbro reported having about 6,500 employees as of the end of 2022.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
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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