(Bloomberg) — GameStop Corp., the ailing video-game retailer, plunged as much as 19% after posting a third-quarter loss that was larger than even the most dire Wall Street estimate.

The adjusted quarterly loss came to 49 cents a share, the merchant said Tuesday. The most pessimistic analyst had expected a deficit of 16 cents. Sales plummeted 26% from a year earlier to $1.44 billion, and GameStop also reduced its forecast for the year.

The shares tumbled to as low as $5.25 in their worst decline in three months. The stock had lost 48% this year as of Tuesday’s close.

The dismal results came at the start of the industry’s biggest season, with top-sellers including Call of Duty: Modern Warfare and Luigi’s Mansion 3 being released in the period.

The chain has struggled to sustain its revenue as more video-game players gravitate to free online titles that generate money by selling fans online merchandise while they play. The Grapevine, Texas-based retailer, which once boasted annual sales of more than $9 billion, is forecast to finish the current fiscal year with revenue of $7.17 billion, based on analysts’ estimates.

Another headwind: The current generation of game consoles is aging, leaving consumers without a reason to upgrade.

Chief Executive Officer George Sherman blamed “the unprecedented decline in new hardware sales” for hurting sales last quarter, “as the current generation of gaming consoles reach the end of their life cycle.”

Mike Hickey, an analyst at Benchmark Co., described the latest results as “awful.”

The company’s “voyage seems doomed as the digital storm intensifies.”

To contact the reporters on this story: Rob Golum in Los Angeles at rgolum@bloomberg.net;Olga Kharif in Portland at okharif@bloomberg.net;Christopher Palmeri in Los Angeles at cpalmeri1@bloomberg.net

To contact the editors responsible for this story: Nick Turner at nturner7@bloomberg.net, John J. Edwards III, Molly Schuetz

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Activision Blizzard, Inc. (NASDAQ: ATVI) rolled out its new “Call of Duty: Modern Warfare” battle pass, along with other new Season One content, a move KeyBanc says makes sense given that the battle pass is becoming the standard gamers are used to.

Why The Battle Pass?

The battle pass model is becoming the industry standard, shifting away from the paid downloadable content model, KeyBanc analyst Tyler Parker wrote in a note.

Under the new “Call of Duty” battle pass, gamers can spend $10 for certain new content that gamers can unlock. The pass replaces the game’s “loot boxes,” which weren’t popular with gamers.

“The battle pass is a more user-friendly version of monetizing the player base and a shift in the right direction,” Parker wrote.

The new system increases engagement, he said, but also provides more opportunities for players to spend more money in the in-game store.

“Assuming the unlockable content remains attractive, we believe the battle pass presents an opportunity to retain users with stable investment over the next year,” Parker said.

KeyBanc has an Overweight rating on Activision Blizzard with a $60 price target.

On Wednesday, the stock was trading up 1.02% at $56.51.

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“If there is a Snyder cut, I hope it’s better than the one that is out now,” says cinematographer Fabian Wagner.


by Zack Sharf via IndieWire

Zack Snyder went viral this week after posting a photo of film containers that seemingly contain the much-discussed “Justice League” Snyder cut. Snyder’s post was an attempt to end the debate over whether or not the Snyder cut exists. The director exited “Justice League” after a family tragedy and Joss Whedon was hired by Warner Bros. to oversee reshoots and postproduction. Whedon was also tasked with lightening up the film’s tone. During a recent Q&A (via ScreenRant), the original “Justice League” cinematographer Fabian Wagner weighed in on the recent Snyder cut buzz by saying, “If there is a Snyder cut, I hope it’s better than the one that is out now.”

Wagner has long been critical of Whedon’s “Justice League.” In an interview over the summer, Wagner said he cried all the way through watching Whedon’s drastically different version of the film than Snyder’s. The cinematographer said at the time that watching Whedon’s “Justice League” was so hard he couldn’t figure out how much of the original film was changed in reshoots. “A lot was changed,” he said. “It looked very different.” Now Wagner reasons that Whedon and Warner Bros. threw out 90 percent of what he shot with Snyder. Wagner was not involved in any of the “Justice League” reshoots.

“I did principal photography for Zack. We finished shooting and he started editing,” Wagner said. “We did the color grading for the trailers. So the first three trailers were all things we shot. Then they started reshoots. I wasn’t there. It was a completely different team. They reshot 55 days, I think. The movie that was in cinemas was 10 percent of what we shot. Everything else is a reshoot.”

Snyder’s photo of the “Justice League” film canisters includes a label that reveals a 214 minute runtime. That length makes “Justice League” as long as “The Irishman” at three and a half hours (though it could be so long because it’s possibly just an assembly cut). Although Snyder cut buzz continues to soar, there are no concrete plans as of now to release this version. IndieWire has reached out to Warner Bros. for further comment.

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by Zack Sharf via IndieWire

The future of the DC Extended Universe might be a question mark, but Henry Cavill says in a new interview with Men’s Health he will not being giving up the role of Superman so easily. Cavill appeared as the Man of Steel in three DCEU films directed by Zack Snyder: “Man of Steel,” “Batman v Superman: Dawn of Justice,” and “Justice League.” Cavill suggests what many fans believe when he says his movies in the DCEU got progressively worse.

According to Cavill, his Superman origin story “Man of Steel” was “a great starting point. If I were to go back, I don’t think I’d change anything.” The actor believes “Batman v Superman” is “very much a Batman movie. And I think that realm of darkness is great for a Batman movie.” As for “Justice League,” Cavill’s thoughts are blunt: “It didn’t work.” “Justice League” was overhauled by Joss Whedon after Snyder left the project due to a family tragedy.

Cavill has not played Superman since “Justice League” and Warner Bros. has not announced any plans for a new Superman movie. The studio has taken different routes with Cavill’s “Justice League” co-stars. Gal Gadot is returning as Wonder Woman in Patty Jenkins’ “Wonder Woman 1984” (June 5, 2020), while Jason Momoa will follow last year’s one billion dollar grosser “Aquaman” with a sequel (December 16, 2022). Ezra Miller’s standalone Flash movie has gone through several different iterations but is currently on track to be directed by “It” filmmaker Andy Muschietti. Affleck exited his role as Batman, but Warner Bros. is rebooting the Caped Crusader with Robert Pattinson and director Matt Reeves for “The Batman” (June 25, 2021). Superman is the only “Justice League” character without a movie in development.

“I’m not just going to sit quietly in the dark as all this stuff is going on,” Cavill told Men’s Health of the rumor his time as Superman has ended. “I’ve not given up the role. There’s a lot I have to give for Superman yet. A lot of storytelling to do. A lot of real, true depths to the honesty of the character I want to get into. I want to reflect the comic books. That’s important to me. There’s a lot of justice to be done for Superman. The status is: You’ll see.”

Next up for Cavill is the Netflix fantasy series “The Witcher,” which debuts December 20. The streaming giant has already picked up the show for a second season.

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by Gregory Wakeman via Yahoo Movies UK

The death of Carrie Fisher at the age of just 60 in December, 2016, was a tragedy that rocked the world of cinema.

It was especially tragic for Star Wars fans because, while Fisher returned as Leia Organa in The Force Awakens and The Last Jedi, it has long been rumoured that the beloved character would feature much more prominently in the ninth installment, which we now know is called The Rise Of Skywalker. 

Leia will still be in The Rise Of Skywalker, though, as J.J. Abrams is going to incorporate deleted scenes from The Force Awakens, which he also co-wrote and directed, into the blockbuster.

Abrams has now opened up about this process, saying Leia’s involvement is uncanny, while insisting that they still got to tell her story in the way that they’d originally envisioned.


“There are scenes where she’s interacting with other characters in a way that is uncanny,” Abrams told Total Film. “Hopefully, if it works, it will be an invisible thing and if you didn’t know, you would never know.”

“But we got to tell the story with Leia that we would have told had Carrie lived. And that’s kind of incredible.”

Of course, we now don’t have that long to see what Abrams does with both Leia Organa and Star Wars: The Rise Of Skywalker, as the ninth and concluding part of the Skywalker saga is going to be released on December 20th.

The Rise Of Skywalker will revolve around Daisy Ridley’s Rey, John Boyega’s Finn and Oscar Isaac’s Poe Cameron coming together to take on Adam Driver’s Kylo Ren and the remaining First Order.

It’ll also be the last big-screen Star Wars story we see for a while as Disney have already revealed that the franchise is going to go on hiatus after its release.

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by Connor Sheridan via Total Film Magazine

The Sonic the Hedgehog movie’s redesigned protagonist appears to have been revealed.

His new look seems to be a heck of a lot closer to the speedy blue mammal you know from the games, after an early trailer promoted a vocal backlash from fans. Physical advertisements for the movie that show Sonic with a much less frighteningly human head have been spotted by eagle-eyed Twitter users. In fact, if you didn’t look too close, you might think it was just an extra-furry version of Modern Sonic.

Tails’ Channel | Sonic the Hedgehog News & Updates@TailsChannel

Here’s a wider picture of the allegedly leaked redesigned standee image. Source is also unconfirmed.

View image on Twitter
The original movie design for Sonic the Hedgehog gave him an upsettingly human-looking face (and teeth), giving him the overall effect of being a muscular child in a furry blue onesie. The redesign restores his skinny limbs, his white gloves, and his trademark lopsided smirk. It almost gives him back his old connected goggle eyes, though it doesn’t go quite that far into cartoon territory. The biggest remaining difference from the game version now, aside from having individually rendered fur/quills, is that his arms are still blue.

No official announcements have been made about Sonic’s new look so far, aside from the movie’s producer saying that “the fans have a voice in this too”, but the appearance in that leak lines up with another one spotted in October.


at this point its going to spread like wildfire, i posted the image to the public first and i didn’t take a photo.

View image on Twitter
The Sonic the Hedgehog movie was originally due to hit theaters this week, but it was delayed because of the overwhelmingly negative response fans had for the original design. It looks like fans are much more pleased with the new version, so hopefully the movie as a whole will be similarly well received when it hits theaters on February 14, 2020.

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by Cameron LeBlanc via Fatherly

If you’re a Netflix subscriber who relies on an older Samsung TV or Roku streaming device, your days of watching Stranger Things could be numbered if you don’t invest in some new equipment.

On December 1, certain older Samsung TV’s and Roku streaming devices will lose access to the streamer due to “technical limitations.” If your device is affected, you’ve likely seen this error message and/or received an email from Netflix warning you of the impending loss of compatibility.

Unfortunately for those of us trying to understand the situation, no one seems to understand what, exactly, those “technical limitations” are. It could be that they don’t want to dedicate developer time and effort to writing software for devices that are no longer widely used. It could be a conspiracy to sell new equipment. It could be something entirely different. But the fact that none of the three companies is eager to provide exonerating details suggests that something less than consumer-friendly is afoot.

Clues are, unfortunately, scant. Engadget says that if your Roku can’t autoplay the next episode in a series—a key feature that keeps people watching passively—it will no longer be supported.

A Roku spokesperson told Digital Trends that the Roku 2050X, Roku 2100X, Roku 2000C, Roku HD Player, Roku SD Player, Roku XR Player, Roku XD Player are among the devices affected. It’s unclear if this is a complete list.

Samsung has been even less specific, stating on its website just that “Some older Samsung smart TV’s are affected by this change.”

If you lose access to the streamer, you can check out Netflix’s list of supported devices. Because unfair as it may be, dropping some cash on a new streaming device is probably worth it if you’re already invested in the latest season of The Great British Baking Show or any other the thousands of other Netflix titles.

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