The Flops Are Piling Up for Videogame Titans

"The biggest names in games have stumbled this year as marquee titles flopped and online spending came up short. Electronic Arts shares tumbled 13 percent Wednesday after the company confessed that some of its biggest releases disappointed. Take-Two Interactive Software Inc. fell by a similar amount after forecasting sales this quarter that were $100 million below Wall Street forecasts. The results are a reminder that video games are still a hit-driven business, rising and falling based on unpredictable consumers."

"The traditional console-based video-game business, even with its recurring revenue sources, “hasn’t been as resilient as many people hoped.” Bloomberg says.