EA Laying Off Hundreds of Employees, but Still Aggressively Hiring

Electronic Arts says it’s still hiring despite making headcount “adjustments” after completing several blockbuster projects last year, including Battlefield 3 and Star Wars: The Old Republic.
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News Byte

Microsoft Xbox Exec Named Activision Blizzard CFO

Microsoft veteran Dennis Durkin will join Activision Blizzard Inc. as chief financial officer, reporting to CEO Bobby Kotick and replacing interim CFO Thomas Tippl, who will continue to act as chief operating officer. Durkin had been at Microsoft since 1999, where he was vice president, COO and CFO of Microsoft’s Interactive Entertainment Business (IEB), which includes Xbox.

New From Blizzard Entertainment: World of Workforce Reductions

Sad news. Some 600 workers lose their jobs at Blizzard.
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News Byte

Activision Blizzard CEO Kotick Joins Coca-Cola Board

Coca-Cola announced today it had appointed Bobby Kotick, CEO of videogame publisher Activision Blizzard, to its board. Kotick, 48, has previous boardroom experience, having served as a Yahoo director from 2003 to 2008. “Bobby brings an entrepreneurial mindset and a high level of financial literacy and digital knowledge to our company,” said Coke Chairman and CEO Muhtar Kent.

Zynga’s Stock Is Up — And Why Every Other Game Company Stock Is Down

Zynga is bucking market trends today and is trading higher despite a report that came out yesterday suggesting that December sales were extremely weak across the industry.
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Xbox Accounted for 40 Percent of All Videogame Sales in 2011

Despite sales declines bringing down the overall game industry last year, Microsoft dominated the market, with the Xbox capturing nearly half of all consumer spending from physical sales.
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EA Bets Big on Online Star Wars Game, Suggests You Let the Wookiee Win

Long overdue and over budget, the ambitious, LucasArts-blessed online game is likely to become one of the most significant game launches over the next decade.
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Call of Duty Grosses More Than $775 Million in Five Days to Destroy All Records

Activision’s latest Call of Duty title has shattered all previous entertainment records, grossing more than $775 million in its first five days of sales.
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Activision Raises Outlook After Reporting Strong Call of Duty Preorders

Activision reported that an unprecedented level of preorders for its first-person shooter, Call of Duty, will help it annihilate previous expectations for the fourth quarter.
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Toys Blend With Videogames Even More With Activision’s Skylanders

Activision is preparing to launch a new videogame that blends virtual worlds with physical toys. The launch mimics other recent debuts, including one by Disney that links toys and Apple’s iPad.
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