Science & Technology
Science and Technology
Science and Technology
Wed, April 13, 2011
Video Game Stocks Gain Momentum as New Revenue Drivers Hit the Market
NEW YORK, NY--(Marketwire - April 13, 2011) - Retail video game sales are on the upswing this year as consumer confidence continues to recover. Mildly improving retail data does not fully reflect the state of the industry, however. Digital sales of video games and online subscriptions are becoming a significant revenue driver for many key players in the industry. The Bedford Report examines the outlook for companies in the Multimedia & Graphics Software Industry and provides research reports on Majesco Entertainment Co. (
[ www.bedfordreport.com/2011-04-COOL ]
[ www.bedfordreport.com/2011-04-ERTS ]
Recently the research firm NPD Group said that digital content now accounts for about 40 percent of industry-wide revenue each month. Electronic Arts CFO Eric Brown says the company is expecting huge growth in revenue from digital content over the next few years, predicting that DLC and full-game downloads will likely account for up to 20 percent of EA's total revenue this fiscal year.
Electronic Arts intends to expand in the online social gaming sector by undertaking a number of initiatives, including a partnership with Facebook and suitable acquisitions, including "Playfish."
The Bedford Report releases regular market updates on the Multimedia & Graphics Software Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at [ www.bedfordreport.com ] and get exclusive access to our numerous analyst reports and industry newsletters.
Majesco Entertainment recently made a move into the social gaming scene when it launched "Cooking Mama Friends Cafe" on Facebook. Majesco claims that despite being in "Beta mode," with limited marketing support, Cooking Mama Friends Cafe already has over 750,000 monthly active users.
Shares of Majesco skyrocketed last month after the company reported net revenues of $48.5 million in its fiscal first quarter versus $29.2 million in the same period a year ago. During this same period, Majesco reported operating income of $8.0 million, compared to operating income of $2.5 million in the first quarter of 2010.
The Bedford Report provides Analyst Research focused on equities that offer growth opportunities, value, and strong potential return. We strive to provide the most up-to-date market activities. We constantly create research reports and newsletters for our members. The Bedford Report has not been compensated by any of the above-mentioned publicly traded companies. The Bedford Report is compensated by other third party organizations for advertising services. We act as an independent research portal and are aware that all investment entails inherent risks. Please view the full disclaimer at [ http://www.bedfordreport.com/disclaimer ]
