Publishers hit hard by plummeting markets

GamesIndustry.Biz writes: "Shares in videogames companies have plummeted in the past 24 hours as the wider financial community goes into meltdown, with markets across the world seeing huge amounts wiped off their value.

In the US, following the House of Representatives' voting down a USD 700 billion life raft package, the Dow Jones dropped by 770 points - 9.1 per cent - it's biggest ever one-day drop in history, while the FTSE in London had already slumped by 5.3 per cent on further nationalisation of financial institutions yesterday, with further falls expected today.

Although the sales of videogames have so far shown no signs of slowing, most listed companies displayed in the red today with Activision Blizzard losing USD 3 billion in value as its stock plummeting by 13.8 per cent."

Read Full Story >>
The story is too old to be commented.