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Fly News Breaks for September 7, 2018
Sep 7, 2018 | 07:37 EDT
Oppenheimer analyst Andrew Uerkwitz published a video game industry preview for the fall season, telling investors that he sees more intense competitive dynamics and lack of significant margin expansion opportunities overall compared to last year. Right now, Uerkwitz says he is long the group due to many continued tailwinds. Take-Two (TTWO) remains his favorite in the group given his growing confidence in Red Dead Redemption 2's near- and mid-term performance, though he still likes Activision Blizzard (ATVI) and EA (EA), based on their diversified toolkit to smooth out potential near-term hiccups in single titles. Uerkwitz has an Outperform rating on all three stocks.
News For TTWO;ATVI;EA From the Last 2 Days
Oct 23, 2018 | 12:54 EDT
NEW RELEASES: The major game release this week is Take-Two's (TTWO) "Red Dead Redemption 2," which rolls out October 26 on PlayStation 4 (SNE) and Xbox One (MSFT). Also out this... To see the rest of the story go to See Story Here
Oct 22, 2018 | 15:07 EDT
EA Motive (EA) studio founder Jade Raymond is leaving Electronic Arts, VentureBeat reports. Samantha Ryan, who runs the company's mobile, Maxis, and BioWare studios, will not also become the head of Motive, the report notes. Raymond joined the company a few years ago after a long stint at Ubisoft (UBSFY), where she worked on the "Assassin's Creed," "Watch Dogs," and "Tom Clancy's Splinter Cell" series, the report notes. Reference Link