Source: http://www.engadget.com/2011/10/06/digital-video-game-distribution-finds-brick-and-mortar-camping/

Blame it on the economy, or simply chalk it up to a better way of earning revenue, but physical distributors of new video games are beginning to feel some major heat from the scrappy competition. While this mainstay segment still comprises the bulk of sales with $1.44 billion earned in the previous quarter, the combination of digital purchases, subscriptions, downloadable content, social network and mobile games — along with help from rentals and used purchases — now tops $1.74 billion dollars. This news comes from the NPD Group, and while we’re still scratching our heads at the logic of combining second-hand purchases with electronic distribution, it provides a strong indicator of consumers’ changing tastes and preferences (along with their willingness to spend). Does this industry titan simply need a new console or another Call of Duty to maintain supremacy? Perhaps a modest uptick in GDP? Or does this signal the changing of the guard for our favorite electronic pastime? There’s a full PR after the break, where you’re welcome to fire one off in the comments and let us know your take.

[Image courtesy bradleyolin / flickr]

Continue reading Digital video game distribution finds brick and mortar camping, moves in for win

Digital video game distribution finds brick and mortar camping, moves in for win originally appeared on Engadget on Thu, 06 Oct 2011 14:32:00 EDT. Please see our terms for use of feeds.

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Source: http://techcrunch.com/2011/03/29/stocktwits-continues-to-expand-steals-vp-david-putnam-from-yahoo-finance/

StockTwits, a realtime platform for stock traders to share information, has been undergoing a rapid growth spurt of late. According to Quantcast, 465,000 people are now visiting the site per month, which means the company has more than doubled its visitors since early December, when less than 200,000 were checking in to share and trade. This seems largely due to the service’s continuing evolution beyond its TweetDeck roots and creation of its own true investor ecosystem chalk full of video, news and charts — all enabled by an AIR app.

What’s more, the company announced in December that Yahoo would begin pulling data from the StockTwits API and adding it to individual stock pages, complementing the similar deals it had already forged with CNN, MarketWatch, and Bloomberg.

And now it seems that, while Yahoo is pulling data from its API, StockTwits has been busy pulling senior executives from Yahoo’s staff. (I guess turnabout is fair play?) In yet another victory for a company not named Yahoo, David Putnam, who for the past five years has been responsible for global product strategy and management at Yahoo, announced on his blog today that he will be joining StockTwits on April 1 as VP of Product.

This comes on the heels of StockTwits hiring Chris Bullock as its new VP of Corporate Services. Bullock was formerly the senior managing director for global investor relations services at NASDAQ and is charged with bringing investor relations departments to the StockTwits ecosystem.

Putnam, for one, sees a bright future for the up-and-coming stock conversation curator, saying, “StockTwits is big, getting bigger, and going to be huge”. In leaving Yahoo Finance, Putnam is stepping away from, in his words, “the largest financial website in the world”, which he helped to grow to 45 million users a month. Aside from Yahoo’s notorious (and seemingly never-ending) struggles, that’s no easy feat. If StockTwits is hoping to one day take on the big players like Yahoo, nabbing the company’s execs is a great way to start.

As Putnam turns his sights to “helping build the biggest financial idea network in the world”, it will be important for the company to remain focused on building a rabid community and not monthly site traffic.

Investor relations will be a big area for StockTwits going forward, as quite a few companies have started using the service to disseminate information among investors and answer their questions. As part of its features, StockTwits distributes companies’ messages to Bloomberg, Yahoo! Finance, CNN Money and Bing Finance, a big selling point for many companies. If the service can continue to add to its investor relations, we all may be StockTwitting in the near future.


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