EU fines Valve, Capcom, ZeniMax, others EUR7.8M for 'geo-blocking' practices » 13:0401/2001/20/21
The European Commission…
The European Commission has fined Valve, owner of the online PC gaming platform Steam, and the five publishers Bandai Namco, Capcom (CCOEY), Focus Home, Koch Media and ZeniMax, EUR7.8M for breaching EU antitrust rules. Valve and the publishers restricted cross-border sales of certain PC video games on the basis of the geographical location of users within the European Economic Area, entering into, the so called "geo-blocking" practices. The fines for the publishers, totalling over EUR6M, were reduced due to the companies' cooperation with the Commission. Valve chose not to cooperate with the Commission and was fined over EUR1.6M. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: "More than 50% of all Europeans play video games. The videogame industry in Europe is thriving and it is now worth over EUR17B. Today's sanctions against the "geo-blocking" practices of Valve and five PC video game publishers serve as a reminder that under EU competition law, companies are prohibited from contractually restricting cross-border sales. Such practices deprive European consumers of the benefits of the EU Digital Single Market and of the opportunity to shop around for the most suitable offer in the EU". The Fly notes that ZeniMax agreed to be acquired by Microsoft (MSFT) in September 2020. Reference Link
|Over a week ago|
Activision's 'COD: Black Ops: Cold War' best-selling game of 2020, says NPD » 10:5401/1501/15/21
ATVI, NTDOY, OTGLY, SNE, MSFT, UBSFY, CCOEY, TCEHY, EA, TTWO
NPD analyst Mat…
NPD analyst Mat Piscatella said that Activision's (ATVI) "Call of Duty: Black Ops: Cold War" was the best-selling game of both December as well as 2020, while "Call of Duty: Modern Warfare" was 2020's 2nd best-seller. "Call of Duty" ranked as the best-selling gaming franchise in the U.S. market for a record 12th consecutive year. Nintendo's (NTDOY) "Animal Crossing: New Horizons" was 2020's 3rd best-selling title, and the 6th best-selling game of December. In 2020 the title achieved the highest physical dollar sales for a Nintendo published game in a calendar year since Wii Fit Plus in 2010. CD Projekt's (OTGLY) "Cyberpunk 2077" debuted as the #2 best-selling game of December, and the 19th best-selling game of 2020, despite the lack of digital tracking. Sony's (SNE) "The Last of Us: Part II" finished 2020 as the year's 6th best-selling title overall. "The Last of Us: Part II" now ranks as the 3rd best-selling Sony published game in U.S. history in dollar sales, trailing only "Marvel's Spider-Man" and 2018's "God of War." Half of the top 20 best-selling games of December 2020 were published by Nintendo, Piscatella said. Other companies in the video game software space include Microsoft (MSFT), Ubisoft (UBSFY), Capcom (CCOEY), Tencent (TCEHY), Electronic Arts (EA), and Take-Two (TTWO). Reference Link
Fujifilm to invest $2B to establish cell culture production site in U.S. » 05:3701/0701/07/21
Fujifilm is making an…
Fujifilm is making an investment of more than $2B to establish a new large-scale cell culture production site in the United States to accelerate the growth of its biopharmaceutical contract development and manufacturing business, or CDMO. Fujifilm Diosynth Biotechnologies, a subsidiary of Fujifilm, with development and manufacturing facilities across the U.S.A., U.K., and Denmark will operate the new facility. This new facility will offer large-scale cell culture manufacturing of bulk drug substance with 8 x 20,000L bioreactors, with the potential to expand and add a further 24 x 20,000L bioreactors based on market demand. In addition to drug substance manufacture, the facility will also provide commercial scale, automated fill-finish and assembly, packaging and labeling services. The new site will be built within the vicinity of an existing Fujifilm site, and is scheduled to begin operations in the spring of 2025. Fujifilm has set a target to achieve an annual revenue of 200B yen for its Bio CDMO business by fiscal year ending March 2025. Beyond fiscal year ending March 2026, Fujifilm expects this latest investment to boost the annual growth rate of its Bio CDMO Business to 20%, greatly exceeding market projections.
Digital video game sales rose 12% y/y to $126.6B in 2020, says SuperData » 11:4801/0601/06/21
RBLX, ATVI, FB, EA, TTWO, MSFT, SNE, NTDOY, UBSFY, CCOEY, TCEHY, KKR, DIS
SuperData, a Nielsen…
SuperData, a Nielsen company, released its 2020 Year in Review report focusing on the health of digital games and interactive media market, the impact of COVID-19 on games and brands, and likely gaming trends in 2021. Overall, digital games alone earned $126.6B in 2020, up 12% year-over-year in a year where audiences were forced to stay home and interact remotely. Free-to-play games continued to generate the vast majority of games revenue (78%), with Asian markets accounting for 59% of free-to-play earnings. The mobile market experienced 10% growth in 2020 and accounted for 58% of the total games market. "Roblox" (RBLX) was the third highest-earning digital game of 2020 and surpassed Fortnite thanks to strong mobile growth. "Roblox" mobile earnings grew as the game creation platform became a social network of choice for young gamers. Although Epic's "Fortnite" still earned more than $1B in 2020, it faced stiff competition from games like "Roblox" and Activision's (ATVI) "Call of Duty: Warzone." Premium games earnings grew 28% year-over-year, outpacing the growth of the free-to-play market. Meanwhile, gaming video content became a $9.3B industry in 2020, reaching 1.2B viewers, and virtual reality and augmented reality earned $6.7B in 2020 as VR game earnings jumped 25% year-over-year to $589M in 2020. The release of Valve's "Half-Life: Alyx" reinvigorated interest in the technology among hardcore gamers. Additionally, the untethered and budget-friendly Oculus Quest 2 (FB) headset attracted everyday consumers to VR. Despite an increase in gaming activity due to COVID-19, the rollout of a vaccine is not expected to cause a gaming crash, SuperData noted. Other companies in the video game space include Electronic Arts (EA), Take-Two (TTWO), Microsoft (MSFT), Sony (SNE), Nintendo (NTDOY), Ubisoft (UBSFY), and Capcom (CCOEY). Investors in Epic include Tencent (TCEHY), KKR (KKR), Disney (DIS), and Sony. Reference Link
Fujitsu signs $8M contract as Palantir Foundry customer » 07:0601/0601/06/21
Palantir (PLTR) announced…
Palantir (PLTR) announced it was expanding its work with Fujitsu (FJTSY) with a one-year, $8M contract between Fujitsu and Palantir Technologies Japan K.K. Fujitsu will also become the first distributor of Palantir's Foundry platform modules in the Japanese market. Fujitsu has used Palantir Foundry since last year to optimize its hardware supply chain, further improve its customer service efforts, and modernize its technological infrastructure, and will continue to do so until at least the end of 2021. Fujitsu will also become the first distributor within Japan of ERP Suite, a Palantir Foundry module. Fujitsu is already using ERP Suite internally to integrate its ERP systems with other critical systems of record. This new module distribution channel will be accompanied by a Foundry certification program for Fujitsu's DX services business.
Fujifilm to invest $40M for process development, manufacturing facility » 05:5201/0501/05/21
Fujifilm will make a…
Fujifilm will make a capital investment of approximately $40M in Fujifilm Diosynth Biotechnologies, a contract development and manufacturing organization, or CDMO, for biologics, viral vaccines and viral vectors, to establish a new process development and manufacturing facility for viral vectors and advanced therapies in the greater-Boston area. This will be the third location for viral vector CDMO services provided by Fujifilm Diosynth Biotechnologies. The new facility is scheduled to begin process development operations in fall 2021 and will expand Fujifilm Diosynth Biotechnologies' manufacturing capacity to support the growing viral vector sector, which is focused on using genes to treat or prevent disease. The new facility will house experimental and analytical equipment for viral vector and advanced therapy process development, with contract manufacturing services for early phase clinical trials beginning at the site in fall 2023.
Fly Intel: Top five analyst calls » 09:3512/2412/24/20
CHT, HMSY, HINOY, FUJIY, SAWLF
Catch up on today's…
Catch up on today's top five analyst calls with this list compiled by The Fly: 1. Chunghwa Telecom (CHT) initiated with a Neutral at Cathay Securities. 2. HMS Holdings (HMSY) downgraded to Equal Weight from Overweight at Wells Fargo with analyst Jamie Stockton citing the agreement for Gainwell Technologies to acquire the company for $37 in cash per share. 3. Hino Motors (HINOY) downgraded to Neutral from Conviction Buy at Goldman Sachs with analyst Kota Yuzawa citing near-term uncertainty around North America and the stock's recent outperformance for the downgrade. 4. Fujifilm (FUJIY) upgraded to Outperform from Neutral at Daiwa. 5. Shawcor (SAWLF) upgraded to Outperform from Sector Perform at National Bank. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
Fujifilm upgraded to Outperform from Neutral at Daiwa » 04:5912/2412/24/20
Daiwa analyst Toru…
Daiwa analyst Toru Sugiura upgraded Fujifilm to Outperform from Neutral with a 6,200 yen price target.
|Over a month ago|
Safe-T, Fujitsu Portugal launch secure remote access managed security service » 07:0912/2312/23/20
Safe-T Group (SFET)…
Safe-T Group (SFET) announced the launch of a joint secure remote access managed security service with Fujitsu Technology Solutions (FJTSY) in Portugal. Safe-T was chosen by Fujitsu to partner and launch a secure remote access managed security service. The new MSS is based on Safe-T ZoneZero, Safe-T's zero trust-based network access solution, and will be offered to Fujitsu's top-tier customers in various sectors, such as banking, insurance, industrial and others in Portugal.
Hoya Corp. upgraded to Outperform from Neutral at SMBC Nikko » 05:1312/2112/21/20
SMBC Nikko analyst…
SMBC Nikko analyst Ryosuke Katsura upgraded Hoya Corp. to Outperform from Neutral with a 15,000 yen price target.