Digital Bros.’ full-year results hurt by a lack of new releases

first_imgDigital Bros.’ full-year results hurt by a lack of new releasesRevenue tumbles at 505 Games’ parent company, but next year will be boosted by The Walking Dead and Remedy’s ControlMatthew HandrahanEditor-in-ChiefWednesday 31st October 2018Share this article Recommend Tweet ShareCompanies in this article505 GamesDigital Bros.Revenue and profits were in decline at Digital Bros. in the last fiscal year, largely due to a lack of major new releases.In the fiscal year ended June 30, 2018 – the results from which have just been approved by the Digital Bros. board – the Italian company earned €76 million in gross revenue, mostly through the activities of its publishing label 505 Games. This represents a 42.7% decrease over the fiscal year ended June 2017.The majority of that revenue came from Premium Games, which generated €54.1 million in revenue across the year – a decline of more than €51 million over the prior year. The biggest contributors “in absolute terms” were Terraria and Payday 2, the former a game from 2011, and the latter a 2013 title that Digital Bros. sold the full rights to more than two years ago. Nevertheless, the two games brought in around €16.4 million in revenue.Free-to-play games remain a minority in Digital Bros. portfolio, and they too were in decline. Revenue from free-to-play titles decreased by 24.9% to €5.8 million year-on-year.Related JobsSenior Game Designer – UE4 – AAA United Kingdom Amiqus GamesProgrammer – REMOTE – work with industry veterans! North West Amiqus GamesJunior Video Editor – GLOBAL publisher United Kingdom Amiqus GamesDiscover more jobs in games This resulted in a 19% decline in net profits over the previous year to €9.2 million.However, the company expects a much stronger performance next year, with projected revenue of between €145 million and €190 million. This is down to a much stronger release slate for 505 Games, which includes Overkill’s The Walking Dead and Remedy’s new IP Control.In February this year, Digital Bros. sold the US developer Pipeworks to the Northern Pacific Group for a total sum of $20 million.Celebrating employer excellence in the video games industry8th July 2021Submit your company Sign up for The Publishing & Retail newsletter and get the best of GamesIndustry.biz in your inbox. Enter your email addressMore stories505 Games buys Ghostrunner IP for €5mBut Polish publishing partner All In Games will still receive share of profits from 2020 sci-fi action gameBy James Batchelor A month ago505 Games acquires Infinity Plus TwoUpdate: Digital Bros clarified that it acquired Infinite Interactive and Infinity Plus Two for $4.5 millionBy Marie Dealessandri 3 months agoLatest comments Sign in to contributeEmail addressPasswordSign in Need an account? Register now.last_img read more

EDC’s Batiste breaks both feet in home elevator fall

first_img After surgery, Batiste said, he expects rehabilitation will take three or four months.In the meantime, he plans on working from home. Since the accident, he has worked from his hospital bed.“The phone has not stopped ringing,” Batiste said.While his injuries are severe enough, Batiste said they could have been much worse. “I did not lose my back, did not lose my hip. I could have had a lot more problems,” Batiste said.E-mail: [email protected]: skooncePANews Batiste said he had cooked the Thanksgiving meal the day before — a baked turkey, smoked turkey, fried turkey, and a roast with all the trimmings — and had rested all day Friday in his upstairs bedroom.“On Saturday morning I decided to go downstairs and get me a piece of sweet potato pie before it was all gone,” Batiste said. “On the way back up I had the potato pie and a glass of milk in my hand, when the elevator dropped me. With my weight and the speed the elevator was traveling, it is a straight shot. The cable broke, and down I went.”Batiste said doctors are waiting until the swelling goes down — hopefully in three to four days — before performing surgery.center_img An elevator accident occurring over the Thanksgiving Holiday weekend injured Port Arthur Economic Development Corporation Director Floyd Batiste, and will likely keep him away from the office for three to four months.From his Christus St. Elizabeth Hospital room Tuesday, Batiste said he would be recovering from two broken feet and torn ligaments.According to Batiste, he was hurt Saturday when an elevator at his home malfunctioned, dropping him to the ground floor from the second story residence.last_img read more

Jim Cassidy remembers champion Might and Power

first_imgHorse Racing Retired jockey Jim Cassidy has joined the tributes for Might And Power, the horse who captured the public’s imagination with his breathtaking wins in Australia’s biggest races. The 26-year-old popular resident of the aptly named Living Legends retirement home died in the early hours of Sunday morning after a bout of colic. Might And Power’s performance to lead all the way in the 1997 Caulfield Cup and win by 7-1/2 lengths stands as one of the great moments in racing. And Cassidy takes pride in his decision to let him bowl along in front that day. “I was told not to lead on him in the Caulfield Cup,” Cassidy told ABC Grandstand. “I had a meeting with my manager and I said if I lead they can’t beat him. I’ve never seen a horse walk around the mounting yard the way he did on Caulfield Cup day. “I thought he was unbeatable that day.” assidy used the same tactics on Might And Power in the Melbourne Cup a couple of weeks later over the gruelling 3200m. The margin over Doriemus was slender, so much so rival jockey Greg Hall thought he had won. But Might And Power had kept his nose in front to complete the famous double. “The Caulfield Cup and the Melbourne Cup are two totally different races,” Cassidy said. “There was a lot against him winning. He had to run two miles. “No horse had ever led and won the Melbourne Cup so there were more minuses than pluses.” Might And Power, who completed the big three of Australian racing in the 1998 Cox Plate, helped mark a resurgence in Cassidy’s fortunes after he was disqualified for giving tips in the Jockey Tapes affair. “It’s well publicised, the jockey tapes,” he said. “I was rubbed out and trainer Jack Denham gave me a lifeline. “I found Might And Power in a 1900 metre race at Canterbury and he lived up to expectations. “It’s very sad. He was a horse that gave me so many thrills and brought me back from exile.” “He had a will to win like Usain Bolt, like Richie McCaw leading out the All Blacks. He just broke their hearts.” – racenetlast_img read more