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Tag Archives: losses

Garriott quits as NCsoft profits tumble 50%

Leading MMO developer and publisher NCsoft has reported a 50 per cent drop in profits for the financial quarter ending September 30th – and has also been dealt a blow with the news that famed developer Richard Garriot is to leave the firm. NCsoft’s profits for the period fell from …

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THQ losses lead to 250 job cuts

US publisher THQ has confirmed that it is to cut 250 jobs following losses of $115.3 million for the three months ending September 30th. Losses for the same period last year totalled just $7 million. Net sales for the period reached $164.8 million, down from the $229.3 million seen in …

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More THQ studio closures on the way?

It appears as though yesterday’s revelation of a downscaling at Juice Games may have just been the start of a massive cull of THQ’s internal development resources. For the full low-down, head over to the only bookmark you need for the day’s global development news, Develop.

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EA to lay off 6% of work force

Global publishing powerhouse EA has announced that it is to cut six per cent of its global workforce, equivalent to between 500 and 600 positions, following increased losses in the financial quarter ending September 30th. The AP reports that the cuts will span all aspects of the company and will …

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DFC: Sony wont recoup PS3 losses

Market analyst DFC Intelligence has delivered a scathing verdict on Sony’s prospects this generation, claiming that the high development and manufacturing costs of PS3 make it unlikely that the machine will ever become profitable. Gamesutra quotes DFC’s Wanda Meloni as stating that Sony has the most to lose with this …

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Midway posts $33.5 million loss in Q3

Midway has recorded losses of $33.5 million for the three month period ending September 30th, compared to a $22.2 million loss in Q3 2006. Meanwhile, revenues landed at $36.7 million for Q3 – up from $27.4 for the same period last year. The publisher has enjoyed success with Stranglehold on …

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