NEW YORK, NY -- (Marketwire) -- 04/06/12 -- The video game industry has shifted from one dependent on the sale of packaged goods and perpetual licensing, to one dominated by digital distribution. As result traditional video game companies are finding it harder to monetize the industry. Five Star Equities examines the outlook for companies in the Video Game Industry and provides equity research on Electronic Arts Inc. (NASDAQ: EA) and Majesco Entertainment Co. (NASDAQ: COOL).
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Consumers have taken gaming to their smartphones and tablets, where games are priced under $5 while console games still range from $30 to $60. As a result video game sales in the U.S. have dropped drastically. The NPD Group, a market research group, says U.S. video game sales fell 20 percent for the month of February. Sales totaled $1.06 billion for the month of February compared to $1.33 billion in 2011. Software totals showed a 23 percent decrease to $464.4 million, and hardware totals fell 18 percent to $381.4 million.
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Electronic Arts Inc. announced that Pogo, its popular online gaming destination, will make its most popular free online games accessible to players in North America and the United Kingdom from WildTangent's website and Games App.
Majesco Entertainment Company, an innovative provider of video games for the mass market, today reported financial results for the first quarter ended January 31, 2012. For the first quarter ended January 31, 2012, Majesco's net revenues were $66.2 million, up 37 percent versus $48.5 million in the same period a year ago.
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