Send News. Want a reply? Read this. More in the FAQ.   News Forum - All Forums - Mobile - PDA - RSS Headlines  RSS Headlines   Twitter  Twitter
Customize
User Settings
Styles:
LAN Parties
Upcoming one-time events:

Regularly scheduled events

Activison Financials - Beachhead Studios Announced

Activision Blizzard's December Quarter and Calendar Year 2010 Financial Results are online, as expected. For the quarter the publishing giant announces GAAP net revenues were $1.43 billion as compared with fourth-quarter 2009 net revenues of $1.56 billion, which is a a GAAP loss per share of $0.20, adding that: "Revenues from digital channels for the quarter were more than $470 million, an increase of 40% year over year." For calendar year 2010 GAAP net revenues increased to $4.45 billion, as compared with $4.28 billion for 2009, and earnings per diluted share increased to $0.33, as compared with $0.09 per diluted share for 2009. As was already revealed, they add: "At the same time, due to continued declines in the music genre, the company will disband Activision Publishing's Guitar Hero business unit and discontinue development on its Guitar Hero game for 2011. The company also will stop development on True Crime: Hong Kong™. These decisions are based on the desire to focus on the greatest opportunities that the company currently has to create the world's best interactive entertainment experiences." There were also revelations in their post-earnings conference call, as they announced plans for a new digital content studio called Beachhead for "the development of an innovative new digital platform and special services for our Call of Duty community," though exactly what that means is open to speculation right now. And while Shacknews notes they have no games on the 2011 schedule right now, a follow-up on PC Gamer says Activision has not ruled out a 2011 release for the action/RPG sequel, quoting an Activision rep saying: "We have not announced a release date for Diablo III."

Post Comment
Enter the details of the comment you'd like to post in the boxes below and click the button at the bottom of the form.

15. Re: Activison Financials - Beachhead Studios Announced Feb 10, 2011, 07:45 El Pit
 
This is a catastrophe for Blizzard. Kotick is going to put them under pressure to release a Diablo game every seven to eight years. Blizzard already made clear that such a ridiculously short production cycle will lead to a rushed product. They said that they need at least 10 to 13 years for a high quality game. Poor Blizzard.  
Consoles? I owned two: a Pong clone and an Atari 2600. And that's it.
Reply Quote Edit Delete Report
 
Subject
Comment
     
 
      ;)   ;)   :(   :(   :o   :o   %)   %)   :)   :)   :|   :|   ;P   ;P   X|   X|   :D   :D   More
 
Login Email   Password Remember Me
If you have a signature set up, it will be automatically appended to your comment.
If you don't already have a Blue's News user account, you can sign up here.
Forgotten your password? Click here.
 
          Email me when this topic is updated.
 

Special Codes

  • b[bold text]b
  • i[italic text]i
  • u[underline text]u
  • -[strikethrough text]-
  • c[code text]c
  • +[bullet point]+
  • q[quote text (indented)]q
  • [quote="Author"]quote text (indented)[/quote]
  • [url=Link]text[/url]
  • r{red text}r
  • g{green text}g
  • b{blue text}b
  • m{maroon text}m
  • s{secret text (shows in the background colour)}s

Forum Rules

  1. Disagree all you want but attacks of a personal nature will not be tolerated.
  2. Ethnic slurs and homophobic language will not be tolerated.
  3. Do not post spam, links to warez sites, or instructions on how to obtain pirated software.
  4. Abusing the forums in any manner that could be construed as 'griefing' will not be tolerated.


footer

Blue's News logo