Metue.com

Leading up to another month of retail statistics reflecting the health of the gaming industry, analysts were mixed on their forecasts. Some thought the video game sector would slip slightly in February while others predicted steady, but modest, growth. With data in, the bulls won the pool.

Based on NPD data released today, February video game sales showed sequential and year over year growth.  For the month, the total tally climbed from $1.33b in January to $1.47b in sales.  Year over year it was a ten percent gain.

All of the subcategories tracked in the sector saw comparable growth with percentage returns straddling the double digit mark.  The accessories category showed the highest percentage growth with a gain of 13% over 2008.  Software was the weakest category with a 9% improvement.

Breaking out results by category:
Click to Read More

The battle for e-book reader dominance isn’t the kind of consumer product war that’s likely to raise a big audience.  Despite Amazon’s high profile Kindle, the market for e-book devices is, for now, relatively small.  Still, that’s not stopping companies from asserting claims or taking shots.  Earlier this week Discovery Communications reached for its piece with a patent infringement suit levied at Amazon.  Today, Sony and Google took a subtle jab of their own at Kindle.

In a press release this morning, the companies announced they were partnering to make more than five hundred thousand public domain titles Google has digitally archived available to Sony reader owners at no charge.

These books, which include works ranging from Mark Twain to Leo Tolstoy and Jane Austen, are all clear of copyright restrictions.   Google’s digitized them as part of its book search program.

Making them available for Sony’s reader will expand Sony’s library catalog of available content to near 600k titles.  That will put the company well ahead of Amazon’s approximately 250k titles.

Indirectly emphasizing what’s been positioned as a major difference between Sony’s product and Amazon’s, Click to Read More

For seven years, since the inception of the firm (via a spinoff), Guy Hands has been Terra Firma’s outspoken leader.  Today, in a surprise announcement the fund founder ceded day to day control of the large European private equity firm. General Counsel Tim Pryce will become CEO and Hands will take the dual title of Group Chairman and Chief Investment Officer.

Terra Firma characterized the move as an operational decision necessitated by the growth of the company.  Since, 2002, staff numbers have nearly doubled and the company’s assets under management have swelled from €2 billion to more than €11 billion.

The company currently has more than 200 investor relationships spread across twenty six countries.

As Group Chairman and Chief Investment Officer Hands will be better positioned to focus on the company’s investments, investors and strategic development, the company says.

That perspective corresponds with a letter earlier this month in which Hands said the firm was “cautiously optimistic” about investment prospects for the coming year and that the deals it is “currently seeing are classic Terra Firma opportunities.”

At the same time, however, the reorganization also seems to be a conciliatory gesture  aimed at appeasing investors who have been concerned over both Terra Firma’s ownership of record label EMI and the €1.39 b loss Terra Forma posted for 2008, largely a result of that investment. 

Click to Read More

The teeth associated with Discovery Communications (“Discovery”) are usually those flashed on Animal Planet, during the company’s “Shark Week” TV programming on the Discovery Channel, or when host Bear Grylls eats something disgusting, but it turns out the company’s legal department has plenty of bite of its own.

Today, Discovery filed a suit against Amazon in Delaware US District Court claiming Amazon’s popular Kindle e-book platform willfully infringes on a patent granted Discovery on Nov. 20th, 2007.

Discovery is seeking damages, repayment of legal fees, and in lieu of an injunction blocking Kindle sales, an ongoing royalty.  Discovery has also requested “treble damages,” the legal term for punitive damages up to triple the compensatory finding if Amazon is found in the wrong.

Click to Read More

The occasional journalist Mark Twain famously told a newspaper reporter that the report of his death was an exaggeration.  For the staff at Seattle’s daily Post-Intelligencer, reports of the paper’s death were anything but.  After weeks of rumor, failed efforts to sell the paper, and a last tortuous week of expectation, Hearst finally pulled the band aid off the wound and confirmed today that it’s stopping the presses at its Seattle property.

In place of the P-I, Hearst is set to launch a reworked, digital-only news service.  Hearst representatives explicitly avoided calling the new incarnation a newspaper, however.  The goal, Hearst CEO Frank Bennack, Jr., said in a statement, is to turn Seattlepi.com into “the leading news and information portal in the region.”

“Seattlepi.com isn’t a newspaper online – it’s an effort to craft a new type of digital business with a robust, community news and information website at its core,” explained Hearst president Steven Swartz.

Click to Read More

The overall ad industry was off in 2008. There’s no surprise there. With banks and “big auto” in trouble, there were fewer dollars passed around.  New data from Nielsen released Friday quantified the extent of the decline.  According to the preliminary data from Nielsen Monitor Plus, 2008  US ad spending was off 2.6 percent.   Total spending was down $3.7b to $136.8 billion.

Among Nielsen’s initial findings, by the numbers:

• The bright spot for the year was Cable TV.  It showed 7.8% growth in 2008.  Hispanic Cable TV was also strong with a 9.6% gain.

• Ad supplements for Sunday newspapers were hit hard. Spending in the sector dropped 11%.  National papers were down 9.6%.  Local papers saw a 10.2% decline.  National Magazines fell 7.6%. Local Magazines dropped 3.7%.

• Internet display ads were off 6.4%.  (Pay for click ads, text, search and other performance based campaigns were not counted in the survey).

Click to Read More

Thursday was a busy day in the executive wings at AOL and News Corp. Both companies made changes to their org charts.

News Corp
With the announcement of Peter Chernin’s departure in February, Rupert Murdoch hinted News Corp would shuffle around some executives to “streamline.” Today, in a memo to staff (reprinted below), the first of these changes were announced. 

At the top, News Corp’s LA-based creative businesses will be combined and report to Jim Gianopulos and Tom Rothman, co-chairmen and CEOs of Fox Filmed Entertainment. 

Click to Read More