REUTERS: Softbank adds to Alibaba sale, bringing total to $10 billion. by Ritsuko Ando.
Holy cow! Softbank of Japan has raised it sale of ATVI stock to $10 billion. Ugh. Far cry from the original $3 billion. Still, ATVI is a $25 billion company. There will be some dancing but ATVI will come out fine.
an0n1m05 is right. Keep in mind, as you pointed out, the over all market was red. This pulled on the majority of stocks. Add to this, the gaming sector in general slid. This may be a cause of Alibaba and its current troubles. BABA has a strong stake in games, including e-sports.
But ATVI is on target for generating money. Overwatch was released on May 24th and currently 7 million have played logging in over 119 million hours! Add to this, continued revenue from e-sports, which is still growing, and King,aka Candy Crush Saga maker. Call of Duty, Destiny, Skylanders, World of Warcraft, and Starcraft are all popular and generating an income.
Don't worry about a drop in share price. This company is solid.
Japanese company, Softbank, is selling off $8.9 billion of BABA stock. Softbank is doing this to reduce the debt on their bottom line. Two China companies, Temasek and GIC, together have purchased $1 billion in BABA stock. BABA has already repurchased $2 billion in stock. With upper management buying an additional $400 million. As China's economy contracts BABA is shoring up its financial wealth. Why is any of this important?
Like Tencent BABA has a strong interest in gaming .E-sports is growing by leaps and bounds. ATVI, with partner Tencent, are sponsoring championship tournament with huge cash prizes. BABA is also well invested in e-sports. Their sponsored tournament concludes in December with a cash prize of $5 million. But, just like Tencent, BABA is taking stakes in game makers. Tencent and BABA have the same goal, global control of the gaming sector. With this recent move of buying and selling look for BABA to partner with more game companies.
Fox, I'm inclined to agree with you. When Glu released KKH it was a success because it was Kim, but more importantly, the novelty of it. The other celeb games have not fared as well because of the bugs, but more importantly, the novelty is no longer there. That's not to say there isn't a place for celeb games. But I see them more as a niche market. As I understood from the last cc it sounded like de Masi was saying shoot up games were in a decline. That they would move them to one platform. And, he believes, there is an untouched sector, girls. If I understand correctly, de Masi will be developing more games for girls. This is fine, as well. But I'm confused about his assessment for shooting games. And there is much fanfare for the coming Tencent shooter WeFire. In any event, investors wont invest unless they see a steady income. And of course, no more buggy games.
Thanks running. You do touch on a few things I've found perplexing. Zynga can move up and down on no news, no games. Glu releases games yet stagnates. For example, back in mid February Z was below $2. It is now up 45%. Glu during the same time frame Glu was at the low $3's. Today it's down 24%. Zero logic. And neither company goes out of its way to advertise while their competitors do. Can't tell how often I've seen King sagas promoted or Tank Wars and now something that looks like a new and improved Sims Town. And so it goes... Will wait before dropping any coin. Already have money stagnating with Glu. I'll close by saying I am hopeful Glu moves up by or before December. Hope the same for Zynga.
Gentlemen, will Titans be Zynga's first expected release in some time? Their current games, what few they have, are not a strong plus to the bottom line. So for clarity, you feel taking a stake now will protect you from the expected run up that will come with Titan. Do you think Titan will have the same or similar impact KKH did? Sorry for this. I'm just trying to get back up to speed on Zynga. When Titan is released where do you "guesstimate" the price will be? Thanks.
I think parking money on Z at this time is parking money. There's a good chance it will sit for 3, 4, maybe 6 months with no movement. Unless there is something going on in the near future I would think late summer would produce the same results as buying now. But I do believe Z is finally ready to turn the corner. Just not ready to take a position.
Just a lite weigh-in.
Theirrunning, no one cares. Those who are serious about expressing and trading ideas can quickly identify trash. In the future do not respond or acknowledge childish behavior. Don't even comment on red or green thumbs. We're smart enough to figure out when its you. Sadly, these Yahoo boards are in decline. I can understand and appreciate your frustration posting on the ZNGA board. As you may already know, this board is open to discussing other companies besides GLUU. So again, simply ignore the trash.
Six, ZNGA has put its building up for sale. Asking $200 mil, but could realize $500 mil when it's all said and done. 1.5 billion in the bank sure adds balance to the share price. I haven't given any thought to Z since pulling out a couple of years ago. Took a look over the weekend and see the possibilities, but the time frame of success is still a question. How soon the release of Titans?
Just copy this title to your search engine,
Hedge Funds' Favorite Gaming Stocks amid Robust-Growing Video Gaming Industry
Mention are #5 GLUU, #4 ZNGA, #3 TTWO, #2 ATVI and #1 EA. Newzoo revealed global gaming market would be worth $99.6 billion in 2016. Newzoo anticipates the mobile gaming industry to overtake PC and console gaming market. The mobile gaming market is anticipated to generate revenues of $36.9 billion in 2016.
It's an interesting read with a fair review of each company.
Star, you have to admit, it's nice to be on the winning side. EA is also doing nicely. I think the next move may come from Tencent or BABA. (Although BABA is facing some legal problems.) Perhaps Tencent will take advantage of BABA troubles.
I agree celeb games don't need marketing. However, that wasn't my point. It is the rest of Glu's portfolio that could use some promoting. And Glu as a whole needs to promote itself. Again, I don't know why they didn't do anything when they had that "meet Kim K." contest. I am also concerned with how well celeb games will hold the player's attention. Deer Hunter, Tap, Dash have an audience and cost less to produce. Candy Crush Saga still has a huge following and it is absolutely mind numbing. But what a revenue. And you're right about slow loading times. Can't have that in today's hurry up world.
BTW, ATVI has a huge hit on its hands with Overwatch. Star.trader has been following it and his excitement made me laugh with today's post. So glad I took a position. They're calling for a high of $42, but I believe it will push way past that.
afd046, I like this idea. I think it would appeal to a lot of players. Hope Glu is listening.
I've been following Glu for the past 4 or 5 years. Up until recently I've enjoyed buying and selling the ups and downs. I've liken it to skiing the black diamonds. Once you find the rhythm, the groove, it becomes nothing but fun. My last substantial move was back in 2015. I basically sold off about 40% of my holdings between May and July. Since then I feel I have become more of an observer than a trader. I truly believed 2016 would be the pivotal point.
I was impressed with the notion of celeb games. KKH was an amazing debut. But, I have always believed in games that were simple to create and brought in a steady income. When KPP failed, and failed big time, that was the wake up call. The first most important thing Glu was obligated to do was to release games "bug free." No excuses. No bugs. Personally I don't care how delayed a game might be, just get the bugs out. How many other game companies have released games with bugs? And as great the potential celeb games are, they should not be the main focus for income.
As for WeFire, I thought in his last CC de Masi said shooter games were beginning to trail off. That they would move them to one signal platform. that Glu would focus on games developed for females. I think there is plenty of a market for shooter games. ATVI and EA are making serious cash with them. I believe WeFire will be successful. But again, so long as it is bug free.
Last, I've harped on this before; Glu needs to step up its marketing to the general public. There are more and more mobile games being released each day. Glu is becoming a face in the crowd.
I haven't given up hope. I think de Masi is an intelligent man and has done well navigating Glu through the uncharted waters of mobile games. I am willing to ride this out for another 12 months.
Something I've been wondering about and would like to hear opinions.
It seems the majority of games Glu releases fall in the middle of a quarter or 2/3 into the quarter. For example, BS is released 6 weeks from the end of Q2. It gives little time for a new game to had to revenues. The same with the Jenners. I'll grant you, other companies will occasionally drop in the middle. ATVI just released Overwatch last night with a HUGE demand. Of course, unlike Glu, ATVI promoted the heck out of it. Still, is there some type of strategy to this? Why is it better to release a game near the end of a quarter then the beginning? And I'm pretty sure they're not dropping the moment the game gets an OK. I think the release is deliberate.
Star, it looks like the launch will be this evening. Blizzard has done a heck of a job promoting this thing. We should see a good pop in the coming days. And then June 10th. Warcraft movie. And we should see another pop. Yes, the fun begins!