Digital Videogame Sales Rally as Physical Revenues Expect More Declines

Consumer spending on digital games, such as mobile, social and downloads, still falls short of more traditional formats, like PC and console games, but the gap is beginning to narrow.
zyngagamecards

News Byte

"Medal of Honor" Not a Big Winner

“Medal of Honor,” the flagship first-person shooter from Electronic Arts, seems to be suffering more from disappointing reviews on its launch day than it did from the prelaunch controversy surrounding the game’s option to play as a Taliban fighter. EA dodged that bullet by changing the name of the enemy from Taliban to “OpFor,” but there’s no escaping the critics. Cowen & Co. analyst Doug Creutz says that “mixed reviews could impact the title’s legs as it will likely be competitively disadvantaged once Activision releases Call of Duty: Black Ops.” EA’s stock is down 5.3 percent.

Activision Shares Slide After CEO Kotick Sells Shares

Activision Blizzard shares are down sharply for the second straight day after CEO Bobby Kotick disclosed the sale of a large block of shares. Kotick personally sold one million shares at an average price of $10.1834 a share, and another 242,425 shares held by a trust he controls.