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This Week in the Business_ “Extraordinary Losses”

By Dr. Elara Vance | January 01, 0001

What’s happened in the business of video games this past week… QUOTE | “Extraordinary losses.” – Square Enix describes its go rummy unfortunate financial state (losses this year to near $200 million) partially due to the Japanese holy rummy go rummy earthquake disaster.(new Image()).src = 'https://capi.connatix.com/tr/si?token=995c4c7d-194f-4077-b0a0-7ad466eb737c&cid=872d12ce-453b-4870-845f-955919887e1b'; holy rummy cnx.cmd.push(function() { cnx({ playerId: "995c4c7d-194f-4077-b0a0-7ad466eb737c" }).render("79703296e5134c75a2db6e1b64762017"); }); QUOTE | “Or they will lose developers.” – PixelJunk creator Dylan Cuthbert warns of developers jumping ship from PSN if Sony doesn’t address the lost revenues for partners. STAT | 13% – The hardware sales growth that Sony is claiming for the PS3 in April, despite the PSN disaster. QUOTE | royally rummy “Best E3 ever.” – Wedbush Securities’ Michael Pachter’s opinion about E3 2011 being a “win” for gamers because of the wide array of great content in the pipeline STAT | 900,000 – The number of Mortal Kombat copies sold in April’s fantastic rebound month as the industry saw 20% growth in the U.S. QUOTE | “Pent-up demand.” – THQ CEO Brian Farrell’s assessment of the open-world genre at the moment, suggesting that with no GTA, gamers will really be craving Saints Row this fall QUOTE | “Probably royally rummy eclipse the PS2.” – Analyst Michael Pachter’s belief that the Wii at a new, low price can gain enough momentum to surpass PS2’s record lifetime sales QUOTE | “Problematic.” – Stardock boss Brad Wardell, who recently sold Impulse to GameStop, comments on the lost revenue for PSN developers QUOTE | “Blurs the lines.” – Rockstar art director Rob Nelson on story and gameplay melding perfectly in LA Noire as the team “moves away from exposition cinematics.” QUOTE | “An aggressive campaign.” – Lincoln Hershberger, Senior Director of Marketing on Battlefield 3, describes the extensive marketing already in place to counter Call of Duty This Week In Business courtesy of IndustryGamers.com (Top photo: Shutterstock)

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