News Summary for Wednesday, August 8, 2012
Mad Catz and NCsoft announced selected financial results, Wargaming.net will acquire a middleware provider and Valve announced that Steam will soon carry productivity and creativity software. Read on for more details...
- Peripheral manufacturer Mad Catz announced the financial results for its fiscal first quarter ended June 30, 2012. For the quarter, the company reported a net loss of $1.717 million, slightly less bad than the net loss of $3.484 million in the same quarter the previous year. Mad Catz appears to be suffering from the current extended console cycle, selling few high-margin console peripherals, and proportionately more lower-margin audio gear. The company previously announced that it had lowered its secured financing costs
- Valve announced the its Steam service will now host non-game software ranging from creativity to productivity software, beginning on September 5.
- NCsoft announced selected financial results for its latest fiscal quarter ended June 30, 2012. NCsoft reported an unaudited net loss for the quarter of KRW 7.263 billion (around $XX million), compared to net income of KRW 41.359 billion in the same quarter the previous year. 70% of the company's sales still come from Korea (North America accounts for only 4%), with virtually all of the game sales coming from Lineage (45%), Lineage II (13%), and Aion (28%).
- Wargaming.net has acquired BigWorld, a provider of middleware for massively multiplayer online games. Wargaming.net runs World of Tanks, among other games. Terms were not disclosed, but sometimes it's easier to purchase the middleware company than to keep licensing the software.