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TOKYO (AP) — Nintendo is developing a live-action film based on its hit video game “The Legend of Zelda,” the Japanese company behind the Super Mario franchise said Wednesday. It’s being co-produced by Nintendo and Arad Productions Inc., which is behind the live-action Spider-Man films and headed by Avi Arad. Its animation film “The Super Mario Bros. Movie,” released earlier this year, has raked in more than $1.3 billion and drew nearly 170 million people worldwide. Political Cartoons View All 1237 ImagesThe planned release date of the Zelda movie was not announced. Nintendo officials said the success of the Super Mario film has translated into bigger sales for its Switch machines, as well as for game software with Super Mario themes.

Persons: Zelda, ”, Wes Ball, It’s, Avi Arad, Mario, Shuntaro Furukawa, Shigeru Miyamoto, “, Miyamoto, Donkey Kong, ___ Yuri Kageyama Organizations: TOKYO, Nintendo, Super Mario, Sony Pictures Entertainment, Arad Productions Inc, Mario Bros, Universal Studios Locations: American, Kyoto, U.S, Hollywood, Orlando, Japan

April-September profit at Nintendo Co., which didn’t break down quarterly results, totaled nearly 271.3 billion yen ($1.8 billion), up from 230 billion yen a year earlier. Sales surged 21% to 796 billion yen ($5.3 billion). Ahead of the holidays, Nintendo is planning to release the “Super Mario RPG” game software and Pokemon games. Nintendo, based in Kyoto, started selling “Super Mario Bros. Wonder” last month, as the first totally new Super Mario series game played in side-scrolling mode in more than a decade. Nintendo raised its full fiscal year profit forecast to 420 billion yen ($2.8 billion) from the 340 billion yen ($2.3 billion) estimate it gave in May.

Persons: Mario, “ Mario, Zelda, ”, it’s, ___ Yuri Kageyama Organizations: TOKYO, — Nintendo, Nintendo Co, Nintendo, Mario Bros, “ Mario Kart, U.S Locations: ”, Kyoto

☆ After blockbuster Microsoft deal, gaming giants are still sitting on $45 billion cash hoard
▼ + stars: | 2023-10-20 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

Public gaming companies currently hold cash and cash equivalents of $45.1 billion, according to a report from venture capital firm Konvoy. Publicly listed gaming companies had a fairly rosy year in 2023, on the whole. The VanEck Video Gaming and eSports ETF , which seeks to track MVIS Global Video Gaming & eSports Index, has climbed 20% in the year to date, according to Konvoy. Total venture funding into the video games industry in the third quarter of 2023 fell 9% quarter-over-quarter, to $454 million. That was when pandemic lockdowns were in full swing, and people had more time to spend playing video games indoors.

Persons: China's NetEase, hasn't, China's Tencent, Josh Chapman, Redmond, Chapman, Candy Crush, Konvoy's Chapman Organizations: Chesno Publicly, CNBC, Activision Blizzard, Electronic Arts, Nintendo, Bandai Namco, Public, Gaming, Esports, Big Tech, Microsoft, Google, Apple, Meta, Netflix, Sony, Activision, U.S, U.K, Markets Authority, Duty, Bandai Namco Entertainment Locations: Konvoy, Washington

☆ 'Zelda' sales breakout juices Nintendo's aging Switch
▼ + stars: | 2023-08-03 | by ( Sam Nussey | ) www.reuters.com time to read: +3 min

Attendees use a Nintendo Switch game console while playing a video game at the Paris Games Week (PGW), a trade fair for video games in Paris, France, October 29, 2019. Nintendo said it sold 18.51 million units of "Tears of the Kingdom" in the first quarter. The results underscore Nintendo's success in extending the life of the aging Switch system, which has sold almost 130 million units, and using its roster of popular characters to boost revenue beyond the core gaming business. The Kyoto-based gaming firm maintained its full-year forecast for the console of 15 million units, which would be a 16.5% decline on a year earlier. First-quarter operating profit leapt 82% on a year earlier to 185.4 billion yen with sales of first-party software at record highs.

Persons: Benoit Tessier, Mario, Zelda, Serkan Toto, Shuntaro Furukawa, Pikachu, Sam Nussey, Christopher Cushing Organizations: Nintendo, Paris Games, REUTERS, Mario Bros, Kantan, Thomson Locations: Paris, France, TOKYO, Kyoto

Still, any outstanding regulatory hurdle makes it more likely that the agreement between Microsoft and Activision will expire on July 18 without the deal having been completed. The FTC's court filing about the appeal gave no details, which will go before the Ninth Circuit Court of Appeals on the West Coast. The FTC may request a stay from the appeals court stopping the deal from closing. When U.S. antitrust agencies lose merger challenges in court, appeals are rare. The agency settled with the companies before the appeals court made a decision.

Persons: We’re, Brad Smith, Jacqueline Scott Corley, Corley, Diane Bartz, Diane Craft Organizations: U.S . Federal Trade Commission, Microsoft, Activision, Microsoft's, Ninth Circuit, FTC, Biden, Markets Authority, Japan's Nintendo, Foods, Oats, Thomson Locations: West Coast, San Francisco

☆ Nintendo expects to sell 15 mln Switch consoles this year
▼ + stars: | 2023-05-09 | by ( ) www.reuters.com time to read: +1 min

TOKYO, May 9 (Reuters) - Japan's Nintendo Co Ltd (7974.T) on Tuesday said it expects to sell 15 million Switch game consoles in the financial year to end-March 2024, compared with 17.97 million the previous year. The Kyoto-based gaming firm posted operating profit of 504.38 billion yen ($3.73 billion) in the year ended on March 31, beating estimates, compared with profit of 592.76 billion yen a year earlier. Nintendo is facing slowing demand for its aging Switch console in its seventh year on the market, even as supply chain snarls have eased and the company bolsters its games lineup. On Friday Nintendo launches "The Legend of Zelda: Tears of the Kingdom", one of the most widely anticipated games of the year. Reporting by Kiyoshi Takenaka; Editing by Kenneth MaxwellOur Standards: The Thomson Reuters Trust Principles.

☆ Russia adding IKEA, Lancome and other luxury goods to parallel import list
▼ + stars: | 2023-03-13 | by ( ) www.reuters.com time to read: +2 min

The mechanism allows Russian companies to buy goods from any company outside Russia, including from the country of the goods' origin, provided they were purchased legally. The Ministry of Industry and Trade's expanded list includes luxury brands, such as Lancome, Giorgio Armani and Yves Saint Laurent, domestic goods brands Wahl and Zanussi, and Japan's Nintendo (7974.T). A view shows the logo of IKEA on a closed store in Kotelniki outside Moscow, Russia July 5, 2022. REUTERS/Evgenia NovozheninaThe updated list was first reported by the Izvestia daily, which said that IKEA would be added towards the summer. "Izvestia has the correct list and it is now being registered with the Ministry of Justice," the ministry said in a statement.

☆ Shares of Japan's Nintendo, SoftBank and Sharp tumble after earnings
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +2 min

Shares of Nintendo dropped 6% after the maker of the Switch video game console reported lower sales and profit and cut its full-year outlook. Nintendo shares were on track for their biggest one-day loss since November. SoftBank shares fell 6.2% after it reported a quarterly loss, hit by its massive Vision Fund investment unit, which fell into the red for the fourth straight quarter. Nintendo is struggling with softer sales for the ageing Switch, while SoftBank has seen valuations weaken for its sprawling tech portfolio. "The Nintendo Switch is now a six-year-old console and demand is now exhausted," analyst Mark Chadwick said on Smartkarma.

☆ Shares of Nintendo, SoftBank tumble after earnings
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +1 min

Shares of Nintendo dropped 7.6% after the maker of the Switch video game console reported lower sales and profit and cut its full-year outlook. Nintendo shares were on track for their biggest one-day loss since late 2021. SoftBank shares fell 6.6% after it reported a quarterly loss, hit by its massive Vision Fund investment unit, which fell into the red for the fourth straight quarter. Nintendo is struggling with softer sales for the ageing Switch, while SoftBank has seen valuations weaken for its sprawling tech portfolio. "The Nintendo Switch is now a six-year-old console and demand is now exhausted," analyst Mark Chadwick said on Smartkarma.

☆ Saudi Arabia's wealth fund raises Nintendo stake to 6%
▼ + stars: | 2023-01-12 | by ( ) www.reuters.com time to read: 1 min

TOKYO, Jan 12 (Reuters) - Saudi Arabia's Public Investment Fund (PIF) has increased its stake in Japan's Nintendo Co Ltd (7974.T) to 6%, a filing showed on Thursday, reflecting the sovereign wealth fund's growing exposure to the Japanese video gaming industry. PIF's stake in the Kyoto-based company has risen from 5.01% to 6.07%, according to the ownership report filed with Japanese regulators. PIF revealed its 5% stake in Nintendo in a regulatory filing in May last year, stating that it was made for investment purposes. It has also taken stakes in video game companies Nexon (3659.T), Capcom (9697.T), and Koei Tecmo (3635.T). Reporting by Makiko Yamazaki; editing by Uttaresh.VOur Standards: The Thomson Reuters Trust Principles.

☆ China to import 45 foreign video games, grants multiple licences to Tencent
▼ + stars: | 2022-12-28 | by ( Josh Ye | ) www.reuters.com time to read: +3 min

BEIJING, Dec 29 (Reuters) - China's video games regulator granted publishing licences to 45 foreign games for release in the country，including seven South Korean games, further lifting rigid curbs that have hammered the industry for 18 months. The approval of imported games effectively marks the end of Beijing's crackdown on the video games industry which began last August when regulators suspended the game approval process. Unlike in most other countries, video games need approval from regulators before release in China, the world's largest gaming market. Other imported games approved include CD Projekt's (CDR.WA) "Gwent: The Witcher Card Game" and Klei Entertainment's "Don't Starve". China approved 76 imported games in 2021 and 456 in 2017.

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