Pokemon Company CEO sees the franchise lasting another 50-100 years<\/p>\n\n\n\n
“Game On” is The Fly’s weekly recap of the stories powering up or beating down video game stocks.<\/p>\n\n\n\n
NEW RELEASES: <\/strong>This week’s most notable release is Electronic Arts’ (EA)<\/a> co-operative action-adventure title “Split Fiction,” which launches March 6 for PC, PlayStation 5 (SONY)<\/a>, and Xbox Series X\/S (MSFT)<\/a>.<\/p>\n\n\n\n Warner Bros. Discovery (WBD)<\/a> shut down game studios Monolith Productions, Player First Games, and WB San Diego last week in an effort to boost profitability for its Games business, Bloomberg’s Jason Schreier reported<\/a>, citing sources. The company also canceled its “Wonder Woman” game, which was first announced in late 2021, the author noted, citing a memo to staff.<\/p>\n\n\n\n The news came weeks after Schreier reported <\/a>that the media giant’s games division had continued to have difficulty with the development of new projects in the wake of last year’s flop “Suicide Squad: Kill the Justice League.” Prior to its recent cancellation, “Wonder Woman” was rebooted early last year with a new director and has already cost over $100M to make. Meanwhile, Rocksteady, the Warner Bros.-owned studio responsible for “Suicide Squad” and the “Batman: Arkham” games, is looking to make a new single-player “Batman” game, but that new project appears to be years away from landing, Schreier added, citing people familiar with the timeline.<\/p>\n\n\n\n Click here <\/a>to check out recent Media Buzz Sentiment on Warner Bros. Discovery as measured by TipRanks.<\/p>\n\n\n\n Tsunekazu Ishihara, CEO of The Pokemon Company, said he believes the franchise can remain popular for another 50 to 100 years, BBC’s Mariko Oi and Mel Ramsay reported<\/a>. During a Pokemon Presents event last week, the company provided updates on a multitude of Pokemon-related projects, including mobile games, the collectible card game, the Netflix (NFLX)<\/a> series “Pokemon Concierge,” and upcoming Nintendo Switch (NTDOY)<\/a> games “Pokemon Champions” and “Pokemon Legends: Z-A,” the authors noted. The Fly notes that The Pokemon Company is a joint venture owned by Nintendo, Game Freak, and Creatures.<\/p>\n\n\n\n Take-Two’s (TTWO)<\/a> Rockstar Games announced <\/a>the acquisition of Video Games Deluxe, the Sydney-based development studio. The studio will be renamed Rockstar Australia. Video Games Deluxe has worked with Rockstar Games on a number of titles, including the 2017 re-releases of “L.A. Noire,” “L.A. Noire: The VR Case Files,” and most recently, on upgrades to “Grand Theft Auto: The Trilogy – The Definitive Edition” for iOS and Android, Netflix, and modern consoles.<\/p>\n\n\n\n —<\/p>\n\n\n\nWARNER BROS. GAMES: <\/strong><\/h2>\n\n\n\n
POKEMON CEO COMMENTS:<\/strong> <\/h2>\n\n\n\n
ROCKSTAR: <\/strong><\/h2>\n\n\n\n
MORE VIDEO GAME NEWS:<\/strong><\/h2>\n\n\n\n
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