Gaming Industry Feels Squeeze After Pandemic Boom

But Bodo/Glimt's players were forced to make an unusual and unexpected alteration to their plans ahead of kick-off when their bus was stuck in traffic and struggled to negotiate the narrow north London streets near the Emirates.

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Davidson said the latest update showed the 'unjustifiable' fall in Future's shares was driven by market jitters, not the performance of the business, adding: 'The business has transformed from a publisher heavily reliant on print advertising to a multi-platform media business generating the largest proportion of its revenue from digital advertising.'

TOKYO, Oct 4 (Reuters) - Sony Group Corp's gaming business is looking at fresh investment to bolster its push into PC and mobile, a senior executive said, as the PlayStation 5 maker competes for talent with deep-pocketed rivals and as industry dealmaking heats up.

'We recently suffered a network intrusion in which an unauthorized third party illegally accessed and downloaded confidential information from our systems, including early development footage for the next Grand Theft Auto,' Rockstar said in a statement. 

The radical shift is reflected in its recent deals including the $3.6 billion acquisition of Bungie, the studio behind the multiplayer "Destiny" franchise, which Sony operates outside its PlayStation Studios network.

"Further investments in areas that will strengthen the expansion on to PC, on to mobile and into live services, that's definitely a possibility for us," Hermen Hulst, head of PlayStation Studios, told Reuters in an interview without providing further detail.

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Roddy Davidson, from Shore Capital, said Byng-Thorne and her team deserve 'a lot of credit' for their turnaround of the business. And she has been rewarded handsomely, taking home £35.6million in the past eight years.

'It's a PR disaster, possibly sets back production and hurts morale,' financial services company Jefferies wrote in a client note, warning the potential leak of the game's source code could pose a bigger threat.

"If Sony can pull off what they did with single player experiences but (as) multiplayer experiences across platforms, on the PC, on consoles and maybe even on the phone, then all bets are off," said Toto, pointing to the success of online games such as Fortnite from Epic Games.

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But the 'magazine queen' - as she has been dubbed - has since transformed the publisher into a £2.2billion empire of 250 titles including everything from Country Life and Marie Claire to TechRadar and FourFourTwo.

"You should think of collaborations on the game development side first and foremost, but it's also not unthinkable with our PlayStation Productions efforts that we explore opportunities," Hulst said of the FromSoftware investment.

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Sony is producing a growing number of game adaptations, with this year's "Uncharted" movie grossing more than $400 million globally and a TV series based on "The Last of Us" franchise from its Naughty Dog studio launching on HBO next year.

Her pay has attracted criticism, however. At Future's past two shareholder meetings, it has faced significant rebellions over a bonus package which could net Byng-Thorne, already one of Britain's best paid chief executives, up to £40million.

Having secured an astonishing deal, reportedly worth £150 million over ten years, to act as a global ambassador for the wealthiest state on earth, he was there as the ‘face' of the World Cup, which opens here — amid huge controversy — on November 20.

ames US video game giant Activision Blizzard, which Microsoft is in the process of purchasing, reported that sales in the first half of this year declined, with gamers spending less time in its powerhouse "Call of Duty"
But I shudder to imagine what the Beckhams' liberal-minded friends — among them Sir Elton John, godfather to their sons Brooklyn and Romeo — would have made of the conversation I had this week with Madam Shams' daughter, Eman.

lysts. "Higher prices in everyday spending categories such as food and gas, the return of experiential spending such as travel and attending live events, a lighter release slate of new Pkv Games, and continued new generation console hardware supply constraints were all likely contributors to the decline seen in the second quarter," Piscat