Welcome to the Virtual Goods News Wrap-Up for the week of July 31, 2009. The Wrap-Up is where VGN spotlights stories that we didn't get to cover individually, but still make for interesting reading about the virtual goods industry. Report: iPhone App Pulls In $1 Million In First WeekSGN's F.A.S.T. earns $1 million in its [...]
Today as part of a release detailing updated features in its EGO City social game, publisher Punch Entertainment announced that its revenue from virtual goods had quadrupled in the course of the "past several" months. The company also claimed "dramatic" increases in retention and ARPU, though no new figures for this were announced. EGO City [...]
Toy manufacturer Spin Master today said it would launch Liv World, an online site designed to compliment its new Liv line of dolls targeted at girls 5+. Similar to a Webkinz or Ty Beanie Babies 2.0 plush, buyers of the Liv dolls get a unique code which permits entrée to an online world. Spin Master [...]
Three Sony Online Entertainment execs have left to start their own social games development studio. Matt Wilson, Corey Dangel and John Smith took Detonator Games out of stealth on July 16 when the studio's Facebook page went live but are picking up more general press today. The departure from SOE marks the latest in a [...]
Today Turbine announced that the launch of the freemium version of Dungeons & Dragons Online, Eberron Unlimited, would be delayed to September 9, instead of the initially announced August 8 launch date. The delay is not due to technical problems, but instead to the success enjoyed by the beta version of Eberron Unlimited. DDO Executive [...]
Some additional parsing of Comscore's May statistics, released earlier this month, are trickling on to the web courtesy of a few tech blogs. Comscore reported previously that during the month of May, 2009, 87 million people in the US visited online gaming destinations like Yahoo! Games (with 19.4 million visitors) and EA Online (18 million [...]
RealNetworks, the online entertainment company with a footprint in games — through its RealArcade, GameHouse, Mr. Goodliving, Atrativa, and Zylom sub brands — reported quarterly earnings yesterday. The company said revenues for the April-June quarter fell 11 percent compared to the same quarter a year ago. The company reported a net loss of $188 million [...]
The significance of Build-A-BearVille, the virtual world of Build-A-Bear Workshop, Inc., continues to grow for the parent company. According to CEO and founder Maxine Clark, 13 percent of those who visit the online destination are "highly influenced" to visit a store or make a purchase online. Clark addressed that conversion rate, along with other data [...]
The significance of Build-A-BearVille, the virtual world of Build-A-Bear Workshop, Inc., continues to grow for the parent company. According to CEO and founder Maxine Clark, 13 percent of those who visit the online destination are "highly influenced" to visit a store or make a purchase online. Clark addressed that conversion rate, along with other data [...]
Pong creator Nolan Bushnell today revealed that he is working on a new freemium PC game called Battleswarm: Field of Honor alongside developer Reality Gap, as reported by USA Today's GameHunters blog. The game is a hybrid of an FPS and an RTS that will monetize by selling users MetaTIX virtual currency. Users can then [...]
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