Video game companies

NetEase Cloud Music Named No.1 Platform in China for Japanese Music

Wednesday, August 12, 2020 - 12:00pm

Over the past few years, NetEase Cloud Music has expanded its library to include various Japanese music content, including Japanese animation, game, J-pop and classical music.

Key Points: 
  • Over the past few years, NetEase Cloud Music has expanded its library to include various Japanese music content, including Japanese animation, game, J-pop and classical music.
  • In 2019, the popular Japanese band released its digital album "Weathering with You (complete version)" on NetEase Cloud Music, and sold more than 200,000 copies, setting a new record for the highest sales of a digital Japanese music album in China, said the report.
  • Launched in April 2013, NetEase Cloud Music has grown into one of China's most widely recognized music platforms, and a gathering place for China's Japanese music lovers.
  • Its focus on discovering and promoting emerging musicians has made NetEase Cloud Music a destination of choice for exploring new and independent music among music enthusiasts in China.

Tencent Announces 2020 Second Quarter and Interim Results

Wednesday, August 12, 2020 - 10:50am

In the second quarter, we launched a strategy game, Chess Rush; an action game based on a popular anime IP, The Outcast; and Supercell's Brawl Stars.

Key Points: 
  • In the second quarter, we launched a strategy game, Chess Rush; an action game based on a popular anime IP, The Outcast; and Supercell's Brawl Stars.
  • Valorant was the most watched game globally on Twitch during the second quarter, reflecting the game's instant appeal to immersive action game players.
  • Tencent invests heavily in talent and technological innovation, actively promoting the development of the Internet industry.
  • Shares of Tencent (00700.HK) are listed on the Main Board of the Stock Exchange of Hong Kong.

Super League Gaming Reports Second Quarter 2020 Results

Tuesday, August 11, 2020 - 9:05pm

SANTA MONICA, Calif., Aug. 11, 2020 (GLOBE NEWSWIRE) -- Super League Gaming (Super League or the Company) (Nasdaq: SLGG), a global leader in competitive video gaming and esports entertainment for everyday players around the world, reported recent operational developments and financial results for the second quarter ended June 30, 2020.

Key Points: 
  • SANTA MONICA, Calif., Aug. 11, 2020 (GLOBE NEWSWIRE) -- Super League Gaming (Super League or the Company) (Nasdaq: SLGG), a global leader in competitive video gaming and esports entertainment for everyday players around the world, reported recent operational developments and financial results for the second quarter ended June 30, 2020.
  • Revenues in the second quarter of 2020 increased 45% to $324,000, from $223,000 in the comparable prior year quarter.
  • Total operating expenses in the second quarter of 2020 decreased to $4.8 million compared to $5.6 million in the comparable prior year quarter.
  • Proforma net loss for the second quarter of 2020 was $4.1 million compared to $3.7 million in the comparable prior year quarter.

Daybreak Games Acquires Cold Iron Studios

Tuesday, August 11, 2020 - 5:00pm

Daybreak Games, global publisher and developer of large-scale multiplayer online games, today announced it acquired Cold Iron Studios, the San Jose based studio of veteran MMO, action and shooter developers currently working on a PC and console game set in the iconic Alien universe.

Key Points: 
  • Daybreak Games, global publisher and developer of large-scale multiplayer online games, today announced it acquired Cold Iron Studios, the San Jose based studio of veteran MMO, action and shooter developers currently working on a PC and console game set in the iconic Alien universe.
  • Daybreak and Cold Iron share the same passion and long history for delivering action-packed multiplayer games for audiences worldwide.
  • We are delighted to have Cold Iron Studios join the Daybreak Games family and accelerate our next generation of growth, said Ham.
  • Under the new ownership, Cold Iron Studios will operate independently with Daybreak acting as publisher providing marketing, tech and operational support.

Letterboxd Heads Down The Red Carpet With Global AdTech Leader, Playwire

Tuesday, August 11, 2020 - 4:00pm

The Letterboxd deal expands Playwire's existing portfolio of Entertainment publishers soon after the company's announcement of an exclusive partnership with Collider.

Key Points: 
  • The Letterboxd deal expands Playwire's existing portfolio of Entertainment publishers soon after the company's announcement of an exclusive partnership with Collider.
  • Letterboxd allows users to track and share their opinions about films and keep up with what their friends watch.
  • "We are excited to partner with a premier entertainment-oriented ad partner like Playwire," stated David Larkin, VP of Strategy and Business Development at Letterboxd.
  • "We are proud to welcome Letterboxd into our publishing partner family," said Jayson Dubin, CEO and Founder of Playwire.

Ark Restaurants Announces Financial Results for the Third Quarter of 2020

Monday, August 10, 2020 - 9:05pm

Ark Restaurants Corp. (Nasdaq:ARKR) today reported financial results for the third quarter ended June 27, 2020.

Key Points: 
  • Ark Restaurants Corp. (Nasdaq:ARKR) today reported financial results for the third quarter ended June 27, 2020.
  • Total revenues for the 13 weeks ended June 27, 2020 were $7,199,000 versus $44,807,000 for the 13 weeks ended June 29, 2019.
  • Company-wide same store sales are not meaningful as a result of the temporary closure of all of our restaurants in March 2020.
  • Actual results could differ materially from those anticipated in these forward-looking statements, if new information becomes available in the future.

Activision Blizzard Names Major League Baseball Executive Tony Petitti as President of Sports & Entertainment

Monday, August 10, 2020 - 6:00pm

Activision Blizzard, Inc. (NASDAQ: ATVI) today announced the appointment of Major League Baseballs Tony Petitti as President of Sports and Entertainment effective August 17, 2020.

Key Points: 
  • Activision Blizzard, Inc. (NASDAQ: ATVI) today announced the appointment of Major League Baseballs Tony Petitti as President of Sports and Entertainment effective August 17, 2020.
  • In his new role, reporting to Activision Blizzard CEO Bobby Kotick, Petitti will oversee esports, consumer products, and film and television.
  • Tony is one of the most highly regarded executives in sports and entertainment, said Bobby Kotick, Chief Executive Officer of Activision Blizzard.
  • I couldnt be more excited to use my own 30 years of sports and entertainment experience to help Activision Blizzard realize its ambitions, said Petitti.

eSports' Growing Infrastructure is Helping Reshape the Video Game Industry

Friday, August 7, 2020 - 2:00pm

In recent years, major developments in the how video games and esports competitions are being organized have occurred.

Key Points: 
  • In recent years, major developments in the how video games and esports competitions are being organized have occurred.
  • More investors have been attracted towards this young market, and at this point, it is considered a mainstream industry.
  • According to Grand View Research, in previous years, limited tournament infrastructure and a lower number of organizations have restricted the market growth.
  • Later, in 2018, Activision Blizzard, Inc. launched Overwatch league, creating requisite infrastructure and monetization of the esports tournaments.

eSports' Growing Infrastructure is Helping Reshape the Video Game Industry

Friday, August 7, 2020 - 2:00pm

In recent years, major developments in the how video games and esports competitions are being organized have occurred.

Key Points: 
  • In recent years, major developments in the how video games and esports competitions are being organized have occurred.
  • More investors have been attracted towards this young market, and at this point, it is considered a mainstream industry.
  • According to Grand View Research, in previous years, limited tournament infrastructure and a lower number of organizations have restricted the market growth.
  • Later, in 2018, Activision Blizzard, Inc. launched Overwatch league, creating requisite infrastructure and monetization of the esports tournaments.

Coherus BioSciences Reports Second Quarter 2020 Financial Results

Thursday, August 6, 2020 - 9:02pm

REDWOOD CITY, Calif., Aug. 06, 2020 (GLOBE NEWSWIRE) -- Coherus BioSciences, Inc. (Coherus or the Company, Nasdaq: CHRS), today reviewed corporate events and reported financial results for the quarter ended June 30, 2020.

Key Points: 
  • REDWOOD CITY, Calif., Aug. 06, 2020 (GLOBE NEWSWIRE) -- Coherus BioSciences, Inc. (Coherus or the Company, Nasdaq: CHRS), today reviewed corporate events and reported financial results for the quarter ended June 30, 2020.
  • Cost of goods sold for the second quarter of 2020 was $10.1 million, resulting in a gross profit margin of 93%.
  • Second quarter 2020 financial results are posted on the Coherus website at https://investors.coherus.com/ .
  • Our results for the quarter ended June 30, 2020 are not necessarily indicative of our operating results for any future periods.