BUSINESS
May 10, 2012 | By Alex Pham, Los Angeles Times
Video game sales took a nose dive in April, plunging a stomach-churning 42% compared with a year earlier as companies cranked out fewer releases than in April 2011. Retailers rang up only $292.1 million in game sales last month, down from $503.2 million a year earlier, according to NPD Group, a market research firm. With fewer new games to drive people into stores, sales of game consoles also took a hit, falling 32% to $189.7 million. "Simply stated, there were notably fewer" new game releases, said NPD analyst Anita Frazier.
SPORTS
March 13, 2012 | By Mark Medina
In an effort perhaps to sharpen his recently poor putting, Tiger Woods appears to have contacted an unlikely source. Shaq Fu. A new commercial promoting Tiger Woods' PGA Tour 13 features Shaquille O'Neal and Woods mimicking classic kung fu films, including awkward voice dubbing and endless kung fu moves. Based on O'Neal's free-throw shooting history, it's likely the former Lakers center adopts Happy Gilmore's game: tremendous driving power and unreliable putting. So it's unclear if such an approach would actually help.
BUSINESS
February 10, 2012 | By David Lazarus
Here's your fortunate-son Friday roundup of consumer news from around the Web: --Are there better cities for singles? Our friends at Kiplinger's Personal Finance crunched the numbers and found that there are, based on such stats as how many households are single versus married, whether those households are affluent enough to date, and just what a date might cost. The top city in the country to be single turns out to be Ann Arbor, Mich. More than half of the city's population is single, thanks in part to proximity to the University of Michigan.
BUSINESS
February 10, 2012 | By Alex Pham, Los Angeles Times
Bolstered by the continued dominance of the Call of Duty military shooter franchise and a new hit in its Skylander video game and toy line, Activision Blizzard Inc. swung to a profit in its fourth quarter, beating Wall Street's expectations and pumping up its stock price Thursday by 1%. The Santa Monica game publisher also reported that subscribers to its World of Warcraft online game fell to 10.2 million as of Dec. 31, down from 10.3 million customers...
BUSINESS
January 26, 2012 | By Alex Pham, Los Angeles Times
THQ Inc., once one of the largest publishers of video games for children, said it will no longer produce licensed kids titles for traditional game consoles. Instead, the Agoura Hills company announced it will double down on making hard-core games such as Saints Row: The Third, a Mob-themed game that sold 3.8 million copies since its release Nov. 15. "THQ will be a more streamlined organization focused only on our strongest franchises," THQ Chief Executive Brian Farrell said in a statement Wednesday.
BUSINESS
January 24, 2012 | By Dawn C. Chmielewski, Los Angeles Times
With 125 million viewers watching more than 1 billion of its videos a month, Machinima may be the most-watched channel that's not on TV. The specialty channel devoted to video-game aficionados — which offers game walk-throughs, gaming news, exclusive trailers and original series — is the channel with the fourth most subscribers on YouTube, itself the world's third most popular website, according to online measurement firm ComScore Inc. ...