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Activision Blizzard Sees Higher Than Expected Sales In Q1

socalTECH

Santa Monica-based videogame publisher Activision Blizzard said late Tuesday that it saw better than expected financial results for the first quarter of 2014. The company reported net revenues of $1.111 billion, compared with an earlier expectation of only $885M in sales.

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THQ Axes Expansion Plans, Delays Saints Row Release

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The move will, however, impact THQ's finances; the firm said it expects to shift net sales from THQ's 2013 fiscal year into fiscal 2014, reducing its non-GAAP sales by approximately $20M. THQ said the move came due to a desire to "expand the fiction of the franchise."

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Demand Media Loses CFO As Revenues Decline

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The announcement was made as Demand Media reported its third quarter 2014 results. The company also reported a net loss of $223.8M, compared with a loss a year ago of $10.4M. Reason for the departure was not given. Demand Media reported $41.3 ‌in revenues for the third quarter, down from $50.7M

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Why Has LA Suddenly Gotten So Much Attention from VCs and Entrepreneurs?

Both Sides of the Table

” in 2014 the data seems pretty conclusive because LA has now become the fastest growing tech startup region by numbers of companies being started and those of us here have noticed this pace accelerating. billion in venture capital to LA’s technology startups and 2014 will shatter that figure. ”).

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Vizio Files For IPO

socalTECH

Vizio reported net income of $44.9M billion in net sales for 2014. Vizio's major owners are founder William Wang (54.7 percent of the company), along with Taiwanese companies AmTRAN Technology (20.4%), Q-Run Holdings (8.3%), and La Jolla-based V-TW Holdings (7.7%). READ MORE>>.

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Rubicon Project Passes $100M Mark, Sees $125.3M In Yearly Revenues

socalTECH

Los Angeles-based online advertising technology developer Rubicon Project > has just passed the $100M mark, reporting yesterday that its 2014 year end revenues were $125.3M. The details came as the company released its fourth quarter results, where it reported net income of $1.4M on revenues of $41.8M for the quarter.

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OpenX Hits $100M In Revenues

socalTECH

Los Angeles-based online advertising technology developer OpenX announced that it exceeded $100M in net revenues in 2014, making the company the latest area company to pass the milestone. The company--which is led by Tim Cadogan--said the growth came from growth of both its OpenX Ad Exchange and OpenX SSP businesses.

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