PC gaming Giant Take-Two has announced that it's making a big move into mobile gaming with the acquisition of Zynga for a total price of approximately $12.7 billion. Take-Two already owns Rockstar Games, Codemasters and 2K, producing games like Grand Theft Auto, Red Dead Redemption, Bioshock and others. Zynga, meanwhile, produces well-known mobile titles like CSR Racing, FarmVille, and Words with Friends. Take-Two said that the deal will result in $6.1 billion worth of 12-month pro-forma net bookings, meaning it will become one of the largest gaming companies in the world. "This strategic combination brings together our best-in-class console and PC franchises, with a market-leading, diversified mobile publishing platform that has a rich history of innovation and creativity," said Take-Two Chairman and CEO Strauss Zelnick. The deal will also help Take-Two save about $100 million annually after two years. Zynga itself was on an acquisition streak of late, having acquired the studio behind Torchlight 3early last year. Zynga has sometimes relied on acquisitions to find the hottest games in the notoriously fickle mobile gaming market. Still, Take-Two said that the mobile industry booked $136 billion 2021 and is currently growing at over 8 percent, so the money is there to be had. Mobile will now account for half of its net bookings (net amount of products and services sold digitally or sold-in physically), the company said. Continue reading at 'Engadget'
[ Engadget | 2022-01-10 13:17:58 UTC ]
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The Audio Publishers Association’s annual review of the audiobook market found another year of double-digit sales increases as well as a profound shift in listening habits. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-06-01 04:00:00 UTC ]
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If you want to do some serious reading to reflect on humanity and its many aspects, these 5 contemporary literary fiction books are for you, including A Burning By Megha Majumdar. Continue reading at Book Riot
[ Book Riot | 2021-05-28 10:38:00 UTC ]
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Doubleday and Anchor Books have acquired North American rights for two new political thrillers by Georgia politician Stacey Abrams. Both of the new novels will feature Avery Keene, the star of Abrams's latest novel, 'While Justice Sleeps.' Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-05-20 04:00:00 UTC ]
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In a huge deal in the library and information publishing world, London-based Clarivate has agreed to acquire ProQuest, an acquisition expected to be completed later this year. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-05-17 04:00:00 UTC ]
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Cassava Republic is to publish Unbury Our Dead, a literary novel by Mukoma Wa Ngugi, described as "a love letter to beauty, music and the imagination". Continue reading at The Bookseller
[ The Bookseller | 2021-05-14 07:38:11 UTC ]
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Promotions at Baker Publishing's Chosen Books and HCCP's Bible teams, and Loyola Press marks Jesuits' Ignatian Year with new book from the religious order's leader. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-05-12 04:00:00 UTC ]
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Social critic Os Guinness inks deals with IVP and Dexterity Books makes a deal for an athlete's life story. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-05-12 04:00:00 UTC ]
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Radish, a mobile reading app offering serialized bingeable genre fiction, has been acquired by Kakao Entertainment in a transaction valued at $440 million. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-05-11 04:00:00 UTC ]
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Bloomsbury U.K. has acquired U.K. and North American rights to two book projects—a five volume fantasy series and a short story collection—from the celebrated comics writer and novelist Alan Moore. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-05-04 04:00:00 UTC ]
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Hachette Children’s Group has acquired If This Gets Out, a queer YA romance from new author duo Sophie Gonzales and Cale Dietrich. Continue reading at The Bookseller
[ The Bookseller | 2021-04-15 22:55:02 UTC ]
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Deputy Director James R. Nielsen will then become acting director while Republican Gov. Larry Hogan’s appointments office searches for Gordon Medenica’s successor. Continue reading at Baltimore Sun
[ Baltimore Sun | 2021-04-15 21:12:04 UTC ]
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Ingram Content Group has reached a deal to sell its digital learning platform VitalSource to Francisco Partners. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-04-15 04:00:00 UTC ]
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HarperCollins has acquired a book by journalist Alix Sharkey exploring his experience growing up with a brother now imprisoned for the murder of teenager Danielle Jones. Continue reading at The Bookseller
[ The Bookseller | 2021-04-13 19:59:28 UTC ]
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There are as many different kinds of memoirs as there are novels, maybe more. The public-figure memoir. The witnessing-history memoir. The survivor’s memoir. The addiction memoir. The let-me-set-the-record-straight memoir. The travel memoir. The memoir about one specific family member. The... Continue reading at Electric Literature
[ Electric Literature | 2021-04-09 11:00:00 UTC ]
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The books we love coming out this week include new titles by Kaoru Takamura, Charles Saumarez Smith, and Patry Francis. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-04-09 04:00:00 UTC ]
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If you need a little optimism about the future (and who doesn't?), pick up these hopeful science fiction and fantasy books, including LaGuardia by Nnedi Okorafor and Tana Ford. Continue reading at Book Riot
[ Book Riot | 2021-04-02 10:32:00 UTC ]
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HarperCollins parent News Corp's intended acquisition of HMH Books & Media raises, for some, new concern about consolidation. The post News Corp’s Plan To Acquire Houghton Mifflin’s Trade Division appeared first on Publishing Perspectives. Continue reading at Publishing Perspectives
[ Publishing Perspectives | 2021-03-31 15:40:39 UTC ]
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Driven by strong sales in the U.S. in 2020, revenue at Penguin Random House increased 4.6% over 2019, while profits jumped 23%. The U.S. accounted for 58% of worldwide sales, up from 56% in 2019. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-03-30 04:00:00 UTC ]
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Only three months after the high-profile merger of Penguin Random House and Simon & Schuster, The New York Times reported earlier this morning that HarperCollins, one of publishing’s “Big Five,” will acquire Houghton Mifflin Harcourt Books and Media—Houghton Mifflin Harcourt’s trade... Continue reading at Literrary Hub
[ Literrary Hub | 2021-03-29 14:25:08 UTC ]
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The second largest trade publisher in the U.S. will buy Houghton Mifflin Harcourt Books & Media, generally considered the sixth largest, for $349 million. Continue reading at Publishers Weekly
[ Publishers Weekly | 2021-03-29 04:00:00 UTC ]
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