Game developer King Digital appears to be the new monarch of the mobile-games industry, crushing rival Zynga with close to $2 billion in revenue last year.
By Sven Grundberg and Niclas Rolander, The Wall Street Journal
Anglo-Swedish game developer King Digital Entertainment (KING), the maker of "Candy Crush Saga," lifted the curtain on its financials in a filing for a U.S. listing on Tuesday, showing who's really the monarch of the mobile-games industry -- at least when it comes to revenue.
In its filing with the U.S. Securities and Exchange Commission on Tuesday, the game developer said it saw a more than tenfold revenue increase in 2013, as sales skyrocketed to $1.88 billion from $164 million in 2012.
By comparison, Zynga (ZNGA), maker of "FarmVille" and "Words With Friends," had revenue last year of $873 million, while Finland's Supercell, maker of "Clash of Clans," reported revenue of $892 million.
The network's approach to the Sochi games is a bit more 'TV' than 'everywhere,' with the free broadcast used to drive cable subscriptions and the online access that accompanies them.
By Jason Notte, TheStreet
So maybe you managed to skate through the National Football League season using only an antenna and a patient bladder. Maybe after the last season of "Breaking Bad" hits Netflix (NFLX) this month, you will have watched the whole series without seeing a single episode on AMC (AMC) or subscribing to cable or satellite television service.
You're not going to be able to cut the cord on the Winter Olympics so easily.
As everybody discovered Friday when NBC outright refused to stream the opening ceremonies, the network's "TV Everywhere" approach to the games in Sochi, Russia, is a bit more "TV" than "Everywhere." If you're not a pay television customer, you're relegated to hoping that some full clips pop up on NBC's website or YouTube a day later or crossing your fingers that the event you wanted to see will be rebroadcast on NBC before someone online spoils the whole thing for you.
Like Gucci handbags and Levi's jeans before them, the popular smartphones are easily traded at a premium in countries where they're harder to come by.
By Vernon Silver, Bloomberg Businessweek
I've been paying my bills with iPhones. Not with apps or on bank sites -- I've been using the Apple (AAPL) hardware as currency.
It started by accident in December, during a business trip to New York. I live in Rome, where domestic work comes cheap and technology is expensive. An unlocked, gold, 32-gigabyte iPhone 5s that costs about $815 with tax in the U.S. goes for €839 (about $1,130) in Italy, roughly a month's wages for workers who do laundry, pick up kids from school, or provide care for the elderly. When one worker heard I was visiting the States, she asked me to pick her up an iPhone in lieu of the equivalent cash for work she'd done.
Lining up inside the Apple Store on Fifth Avenue, I was surrounded by shoppers speaking languages from around the world. The salesman looked stunned when I said I wanted an unlocked iPhone. Just one?
The struggling Japanese tech giant will lay off 5,000 workers as it looks to spin off its money-losing television and computer businesses.
By Jim Probasco
The ways in which we consume information and entertainment are changing and Sony (SNE) knows it. The company announced Thursday that it is in talks to sell off its PC division to investment fund Japan Industrial Partners before the end of March.
In addition, Sony said it will spin off its unprofitable TV business and run it as a wholly owned subsidiary.
As a result, Sony will lay off about 5,000 employees, 1,500 in Japan and 3,500 in other parts of the world. The layoffs were scheduled to be completed by March 31, 2015, the company said. That comes on top of 10,000 job cuts announced last year.
All this, said Wired, points to a growing sea change in the way consumers gain information and where their entertainment originates. Tablets, smartphones and other devices are replacing personal computers. Also being left behind, according to Wired? Televisions.
The social network's news feed gives users only the illusion of control.
By Jason Notte, TheStreet
Well, Internet -- and Facebook in particular -- you win: I've reached Peak Outrage.
A short piece hammered out by my colleague Rocco Pendola exposed a tweeted moment of weakness that disguised a much larger truth: Facebook (FB) is burning me right out. I can spend hours on Twitter (TWTR) having conversations about topics ranging from the merits of Kate Bush's "Wuthering Heights" to the slow decline of craft beer. Frankly, I can spend hours on it just talking about beer and engaging in discussions like those you'd have face to face.
Looking at my Facebook news feed on a daily basis is like watching a "The Day After"/"Requiem for a Dream" marathon. Because it sees fit to cycle through TheStreet, Gawker, The Daily Beast, Slate, The Atlantic, The Guardian and The New Yorker in massive blocks spanning hours, it turns into an echo chamber of outrage and impotent criticism culminating only in despair and disdain for one's fellow human beings.
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[BRIEFING.COM] The major averages finished the Tuesday session near their lows with the Russell 2000 (-1.0%) leading the slide. The S&P 500 lost 0.5% with nine sectors ending in the red.
Equities indices started the day with modest gains and spent the first two hours of action in the neighborhood of their flat lines. Although the early trade lacked clear sector leadership, that could have been overlooked due to the strength among heavily-weighted sectors like health care (-0.3%), ... More
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