Toys / Games
Funcom NV Updates on Reorganization and Lay offs
Funcom NV announced that as mentioned in the stock notice of August 10, 2012, the Company has initiated a process to reduce operational costs following the launch of its most recent massively multiplayer online game, The Secret World. The process includes several initiatives, such as layoffs and temporary layoffs of some employees in Montreal, Durham, Oslo and Beijing. Some of these initiatives are part of normal procedure following the launch of a project, such as adjustments to the customer service staffing based on the number of customers in the game, as well as adjustments to the production team as the project goes into a post-launch phase following years of development. Many of those affected on the customer service team are on temporary contracts, which is common for a live service such as The Secret World, where customer service demand shifts based on the game's population levels. Around half of the Company's personnel have been affected, with some departments being more affected than others. To make sure Funcom NV is in the position to realize its plans for both the existing games as well as future projects, the Company is focusing on retaining as many as possible on the production teams.
NAMCO BANDAI Holdings Inc. Announces Merger between Sub-subsidiaries
NAMCO BANDAI Holdings Inc. announced that NAMCO BANDAI Games Europe S.A.S. and NAMCO BANDAI Partners S.A.S. will be merging with each other, effective September 28, 2012. After this, NAMCO BANDAI Partners S.A.S. will be dissolved and NAMCO BANDAI Games Europe S.A.S. will be the surviving company. NAMCO BANDAI Games Europe S.A.S. is a wholly owned sub-subsidiary of the Company, and NAMCO BANDAI Partners S.A.S. is a wholly owned subsidiary of NAMCO BANDAI Games Europe S.A.S.
EIGHTING CO., LTD. Completes Liquidation of Subsidiary
EIGHTING CO., LTD. announced that it has completed the liquidation of its wholly owned subsidiary, Eighting NETWORKS Co., Ltd., which had been engaged in the planning, development, operation and management of online games, on June 18, 2012.
EIGHTING CO., LTD. to Dissolve Subsidiary
EIGHTING CO., LTD. announced that it has decided to dissolve its wholly owned subsidiary, Eighting NETWORKS Co., Ltd., which engages in the planning, development, operation and management of online games. The liquidation of the subsidiary will be completed in June 2012.
FIELDS CORP. Announces Changes of Liquidation of Subsidiary
FIELDS CORP. announced that the liquidation date of its subsidiary has been changed from January 31, 2012 to March 31, 2012.
Mamiya Op Co., Ltd. to Transfer Business to Subsidiary
Mamiya Op Co., Ltd. announced that it has decided to transfer its development division of its electronic equipment business to its wholly owned subsidiary, Mamiya-OP NEQUOS Co.,Ltd., effective March 30, 2012.
Wiz CO., LTD. Announces Dissolution of Subsidiary
Wiz CO., LTD. announced that it has decided to dissolve a subsidiary, which is engaged in planning, development, production and sales of amusement, on September 21, 2011. The liquidation is expected to be completed in March 2012.
FIELDS CORP. to Takeover Business from Subsidiary; to Dissolve Subsidiary
FIELDS CORP. announced that it has decided to takeover the fitness club business from a subsidiary, which is engaged in operation of gym, planning and operation of sport event, as well as sales of broadcasting and license, effective November 1, 2011. The Company has also decided to dissolve the subsidiary after the business transition. The liquidation is expected to be completed effective January 31, 2012.
Universal Entertainment Corporation to Merge with Subsidiary
Universal Entertainment Corporation announced that it has decided to merge with its wholly owned subsidiary, ARUZE MEDIA NET CORP, which engages in the operation of contents assets of the Company group, effective October 1, 2011. As a result, ARUZE MEDIA NET CORP will be dissolved.
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Analyst Research
| Report Title | Price |
|---|---|
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Provider: Renaissance Capital
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$92.00
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Provider: Renaissance Capital
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$92.00
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Provider: Renaissance Capital
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$92.00
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Provider: Renaissance Capital
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$92.00
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Provider: Renaissance Capital
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$69.00
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