Strauss Zelnick, chairman of the Take-Two board, responded with the following in response to the takeover, "After continued discussion, Take Two have shareholders are of the unanimous decision that a buyout of the company and integration into the Electronic Arts corporation is the best way forward for the company. We are aware of tensions this may cause amongst the loyal fanbase that has supported Grand Theft Auto and our other franchises of the year, but rest assured, there will be very little in the way of changes coming from this merger."
"Electronic Arts solid business models and high productions values will help us to expand our games and the Grand Theft Auto in exciting new directions, and we hope old and new consumers alike will stand by our future endeavours as we move in exciting new directions."
Microsoft just posted the third quarter of its 2024 fiscal financial results. The software maker made $61.9 billion in revenue and a net income of $21.9 billion during Q3. Revenue is up 17 percent, and net income has increased by 20 percent.
Xbox content + services up 62% while hardware down 31%... seems about right with the way they tout you don't need the hardware to play. People can play on their phones or smart tv or other means. I don't hardly play on my consoles directly since getting devices like the logitech g-cloud and ps portal. Which is to also say I have been playing more digital than physical because of these devices.
Too expensive hardware when others offer the same or more for less? Good work, Green Team.
"Despite some early successes for Xbox games on rival platforms, Xbox hardware is down by a massive 31 percent this quarter."
"Without Activision Blizzard, Microsoft’s overall gaming revenue would have actually declined this quarter."
"Xbox content and services would have only been up a single percent without Activision Blizzard..."
"It looks like next quarter is going to be a similar story for gaming at Microsoft, too."
That is crazy... so A/B/K is carrying the whole Xbox gaming.
Oh and Microsoft will be fine. Windows, Office and Cloud are growing with each pc purchase.
As of right now, there are no monopolies in the games industry, and for the sake of the medium as a whole, they never should either.
And yet the biggest tech companies in America are essentially that. They buy up all the small comps only to kill them off and steal what they have, and if they can't buy em they bleed them to death.
They buy IPs not talent. That's why these buyouts never work and the IPs die. Right now it's too expensive to develop games - but I expect that to shift maybe as AI tools can make it easier. The best games have been indie games for awhile as big developers fuck their ips to death with "games as a service" -
INDIE Live Expo, Japan’s premiere online digital showcase series , will debut never-before-seen games & content updates across more than 100 titles on May 25th.
is this saying what i think it is?
please, no.
Please be a April Fool Joke!
Yeah.....Ok. I believe. One question though, of all the sites on the net, Videgamechats or whatever the hell it is got an exclusive on this story how ? OK. It all makes sense now.
Bullsh!t.
I'm assuming Strauss Zelnick knows how to punctuate.
One story I really hope is an April Fools.
its soo obv BS. i mean what r the chanses after how long they bin trying they manage to get em on april 1st?...mind you there is a chance :| lol