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The launch of GTA VI could temporarily cost the U.S. economy around $1 billion as workers and students take time off to play the highly anticipated game, according to an academic estimate.
Take-Two Interactive lost roughly $2.8 billion in market value after reports of new GTA VI leaks fueled investor concerns ahead of the game’s release.
A Saudi-led investor consortium has completed its $55 billion acquisition of Electronic Arts, taking the gaming giant private in one of the largest deals in video game industry history.
Sony projected double-digit profit growth even as PlayStation 5 hardware sales slowed, supported by strong performance in image sensors and music.
Electronic Arts Inc. is a global video-game publisher and interactive entertainment company. Its portfolio includes EA Sports FC, Madden NFL, Battlefield, The Sims, Apex Legends, and other franchises distributed across consoles, personal computers, and mobile devices.
Nvidia is preparing to scale back production of its GeForce RTX 50 graphics cards as surging memory and storage prices dampen consumer upgrade demand, particularly in key Asian markets.