India Games Market Update


India: Pearl Research is pleased to announce the release of a new version of our "Games Market in India" study covering online, packaged PC, mobile and console games (Xbox, PlayStation 3 and others). Please contact us at research@pearlresearch.com or call (+1) 415-738-7660 to access the table of contents and an excerpt.

Online Games Market in Korea Grew More Than 20%, according to Pearl Research

Market research and consulting firm Pearl Research forecasts the online games market in South Korea grew 20% in 2008.  These key findings are contained Pearl Research’s new “Online Games Market in Korea” study.

Pearl Research releases "Online Games in China" report

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Pearl Research forecasts the online games market in China will exceed $5.5 billion in 2012.  The market grew more than 63% to reach $2.8 billion in 2008. These findings are contained in Pearl Research’s new 140-page “Games Market in China” study.

EA's Revenues Decline, Narrows Loss

Electronic Arts announced preliminary results for its third quarter ended December 31, 2009. GAAP net revenue for the quarter, which includes the impact of deferred net revenue adjustments, was $1.243 billion compared with $1.654 billion for the prior year. GAAP net loss for the quarter, including the impact of deferred net revenue, was $82 million compared with a net loss of $641 million for the prior year.

Free-To-Play "Free Realms" Signs Up 8 Million Players

Sony Online Entertainment LLC (SOE) said that more than eight million unique users have registered to play Free Realms the free-to-play, family-friendly online video game. Free Realms players can also pop into select retailers to purchase Station Cash cards, which can be redeemed for Station Cash, and used to buy virtual goodies or upgrade to a Membership status in the game.

Giant Interactive Picks Up New Russian Game

Giant Interactive (NYSE: GA) announced that it has signed an exclusive agreement with Mail.Ru, an internet portal and online game publisher in Russia, to operate Allods Online, a free-to-play massively multiplayer online role playing game ("MMORPG") developed by Astrum Nival, a studio owned by Mail.Ru, in mainland China.

Growth in the Popularity of iPhone Game Development

Due in large part to the success of Apple's iPhone software platform, mobile support shot up to 25 percent of developers, nearly doubling last year's 12 percent. Of these mobile developers, nearly three quarters of that group are targeting iPhone and iPod touch development, a number more than twice the reported support for traditional handhelds like Nintendo DS and Sony PSP.

THQ Reports A Small Profit

For the fiscal third quarter ended December 31, 2009, THQ reported net sales of $356.7 million, compared with $357.3 million in the prior-year period. For the three months ended December 31, 2009, the company reported net income of $542,000, or $0.01 per share, compared with a net loss of $191.8 million, or $2.86 per share, in the prior-year period.

New Executive at ATVI Blizzard's Guitar Hero Business Unit

Activision Publishing (Nasdaq: ATVI) announced today that David Haddad, Chief Operating Officer of Guitar Hero, will assume operational responsibilities for the business unit following the departure of President and CEO, Dan Rosensweig, who has left the company to pursue other career opportunities. Mr. Haddad will report to Mike Griffith, President and CEO of Activision Publishing, who will continue to oversee the Guitar Hero business unit.

Vivox Raises $6.8 Million from IDG Ventures and Existing Investors

Vivox which provides voice services for online games, virtual worlds and the social web, announced that it has secured $6.8 million from a third round of equity financing led by IDG Ventures with follow-on investment from Benchmark Capital, Canaan Partners and GrandBanks Capital.