ADVFN - Advanced Financial Network.
HOME» NASDAQ » A » ATVI Stock Price » ATVI Stock News

Activision Blizzard Share News

 Activision Blizzard, (mm) Stock Price
ATVI Stock Price
 Activision Blizzard, (mm) Stock Chart
ATVI Stock Chart
 Activision Blizzard, (mm) Stock News
ATVI Stock News
 Activision Blizzard, (mm) Company Information
ATVI Company Information
 Activision Blizzard, (mm) Stock Trades
ATVI Stock Trades

Videogame Companies Betting On Strong Holiday

--August videogame sales plunged 34% from year before --Electronic Arts CFO says "Madden 12" selling 10% higher than last year's game --Biggest titles set for release around holiday shopping season By Dan Gallagher A relatively dismal sales report for the month of August points to strong hopes among videogame makers that customers will turn out for big releases in the final months of the year. Late Thursday, NPD Group reported that sales of videogame software in the U.S. plunged by 34% in August compared with the same month last year. The drop was largely expected, as the month saw a paltry schedule of new releases, along with the fact that more gamers are migrating to new channels online that are not picked up in traditional retail surveys. That puts more pressure on the industry to make a strong showing in the fall -- given that retail sales still account for the bulk of big-ticket game purchases. "Software sales are down 5% year to date, but expectations are for flat to slightly up figures for the year, with more than half of the industry's sales in the last four months," Todd Mitchell of Brean Murray wrote in a note to clients on Friday. Doug Creutz of Cowen & Co. predicted that September sales would see "low single-digit" growth in software sales with higher growth in the fourth quarter, when the holiday shopping season kicks in. Game stocks were largely in the red on Friday, following the release of the NPD data. Leading the decline was Nintendo Co. (NTDOY, 7974.OK), whose U.S.-listed shares fell nearly 3% to $21, down more than 40% for the year-to-date as the Japanese game maker has grappled with a strong slowdown in demand for its Wii console as well as the disappointing launch of its 3DS handheld device. On Thursday, Nintendo said the 3DS racked up unit sales of 235,000 for the month -- nearly 80% of which took place after the company slashed the price on the device by 40% following a weaker-than-expected launch in March. The next challenge for the device will be to capitalize on new software releases planned for the year. The company is launching "StarFox 64 3D" this weekend as well as new titles with the popular Mario and Pokemon characters later in the season, with "Mario Kart 7" expected for early December. A major factor in the weak August sales was a shift in the release date of "Madden NFL 12" from Electronic Arts (ERTS). The top-selling football franchise typically debuts earlier in the month, but EA did not release the game until Aug. 30, which will put the game into NPD's September sales period. In an investor presentation on Friday, EA Chief Financial Officer Eric Brown said "Madden NFL 12" is selling about 10% higher than its comparable period last year. EA has benefited from its growing focus on the newer social and mobile gaming platforms. The company's "The Sims Social" has become the third most popular game on Facebook, next to "CityVille" and "FarmVille" from Zynga in terms of average daily users, according to Appdata. Analysts widely expect industry sales to begin to improve in September. In addition to "Madden," big releases slated for the month include "Resistance 3" from Sony Corp. (SNE, 6758.TO), exclusive for the company's PlayStation 3 console, and "Gears of War 3" from Epic Games, made exclusively for the Xbox 360 console from Microsoft (MSFT). The biggest titles for the year will be pegged closer to the holiday shopping season, including EA's "Battlefield 3" and "Call of Duty: Modern Warfare 3" from Activision Blizzard (ATVI), "Saints Row: The Third" from THQ (THQI) and "Assassin's Creed Revelations" from Ubisoft Entertainment SA (UBI.FR). The French game publisher is also expected to launch new titles for the Kinect motion-gaming platform by Microsoft such as "Just Dance 3." -By Dan Gallagher; 415-439-6400; AskNewswires@dowjones.com

Stock News for Activision Blizzard (ATVI)
DateTimeHeadline
02/18/201411:12:17Candy Crush' Maker Files for IPO -- 4th Update
02/07/201417:38:14MARKET SNAPSHOT: U.S. Stocks Rally; Indexes Ink Weekly Gains
02/07/201416:23:13TECH STOCKS: LinkedIn Down, But China Push Draws Praise
02/07/201413:29:24MARKET SNAPSHOT: U.S. Stocks Rally; Dow Gains Over 100 Points
02/07/201410:28:14MARKET SNAPSHOT: U.S. Stocks Rise; Expedia Jumps On Results
02/07/201408:52:49U.S. Hot Stocks: Hot Stocks to Watch
02/06/201417:20:10Activision Blizzard Posts 51% Profit Drop
11/15/201309:01:33HBK Investments LP 3Q 13F: Holdings As Of Sep 30
11/15/201309:01:33HBK Investments LP 3Q 13F: Holdings As Of Sep 30 -2-
11/15/201308:12:57Fidelity Management & Research Co. 3Q 13F: -2-
11/15/201308:12:57Fidelity Management & Research Co. 3Q 13F: Holdings As Of Sep...
11/15/201307:11:09AQR Capital Management 3Q 13F: Largest Purchases -2-
11/15/201307:11:09AQR Capital Management 3Q 13F: Largest Purchases
11/15/201307:11:08AQR Capital Management 3Q 13F: Holdings As Of Sep 30
11/15/201307:11:08AQR Capital Management 3Q 13F: Holdings As Of Sep -2-
11/15/201307:07:30Two Sigma Investments 3Q 13F: Largest Eliminations
11/15/201307:07:27Two Sigma Investments 3Q 13F: Largest Sales
11/15/201307:07:27Two Sigma Investments 3Q 13F: Largest Purchases
11/15/201307:07:27Two Sigma Investments 3Q 13F: Largest Eliminations -2-
11/14/201307:21:25GAMCO Asset Management Inc. 3Q 13F: Largest -2-

Activision Blizzard and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad