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  • Analyst: Economy Problem Will Not Effect The Video Game Industry

    Posted September 25th by jahiggin

    “All of the [top] publishers [like Take-Two, THQ, EA, Activision, and Nintendo] have sufficient cash to fund their operations. Atari/Infogrames just completed an innovative deal with Namco Bandai, and Eidos recently received a capital infusion. Midway factored its receivables with its parent company, and Majesco did a private placement [financial terminology for when a company goes into debt with a private entity such as individual or institutional investors -ed.]. All should have sufficient cash to fund operations for the next year or so.” - Wedbush Morgan (super) analyst, Michael Pachter

    Check out the full article here

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    2 Comments

    1. Kyle
      October 8, 2008 at 15:34

      wouldnt nobody buy games beacuse they need to buy other things with what little money they have sense the economy crashed?

    2. jahiggin
      October 8, 2008 at 15:49

      I was thinking about the same thin Kyle, when I posted this article. I really do not think it has affected people buy games as much as we think. Gamers always find money to buy games. Honestly I do not know how thy can do it, I know i can’t.

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