Analyst: Economy Problem Will Not Effect The Video Game Industry
“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
October 8, 2008
wouldnt nobody buy games beacuse they need to buy other things with what little money they have sense the economy crashed?
October 8, 2008
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.