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Stockreport

NetEase, Inc. (NTES) Cuts Funding to Nagoshi Studio [Yahoo! Finance]

NetEase, Inc. - American Depositary Shares, each representing 5 ordinary shares (NTES)  More Company Research Source: Yahoo! Finance
Last netease, inc. - american depositary shares, each representing 5 ordinary shares earnings: 2/26 06:00 pm Check Earnings Report
US:NASDAQ Investor Relations: netease.com
NetEase, Inc. (NASDAQ:NTES) will cut off funding to a studio led by Yakuza franchise creator Toshihiro Nagoshi. NetEase, Inc. (NTES) Cuts Funding to Nagoshi Studio The move is part of the company's broader strategy to shrink game development activities. The company has been reducing its overseas investments as it faces rising costs for AAA game development. It also underscores the struggles that one of the largest gaming studios has faced amid soaring competition from alternative outlets such as social media. Nagoshi has struggled to find sponsors without success, and NetEase has made it clear that the studio can continue on its own if it can bear the corresponding costs. Nagoshi Studio has also opened negotiations with the company as it seeks to recover some of the game materials it developed. NetEase's decision to end financing of Nagoshi studio follows reports that the studio's upcoming title would require an additional $44.4 million. The decision would put the development [Read more]
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Stockreport

NetEase, Inc. (NTES) Cuts Funding to Nagoshi Studio [Yahoo! Finance]

NetEase, Inc. - American Depositary Shares, each representing 5 ordinary shares  (NTES) 
More Company Research Source: Yahoo! Finance
Last netease, inc. - american depositary shares, each representing 5 ordinary shares earnings: 2/26 06:00 pm Check Earnings Report
US:NASDAQ Investor Relations: netease.com
NetEase, Inc. (NASDAQ:NTES) will cut off funding to a studio led by Yakuza franchise creator Toshihiro Nagoshi. NetEase, Inc. (NTES) Cuts Funding to Nagoshi Studio The move is part of the company's broader strategy to shrink game development activities. The company has been reducing its overseas investments as it faces rising costs for AAA game development. It also underscores the struggles that one of the largest gaming studios has faced amid soaring competition from alternative outlets such as social media. Nagoshi has struggled to find sponsors without success, and NetEase has made it clear that the studio can continue on its own if it can bear the corresponding costs. Nagoshi Studio has also opened negotiations with the company as it seeks to recover some of the game materials it developed. NetEase's decision to end financing of Nagoshi studio follows reports that the studio's upcoming title would require an additional $44.4 million. The decision would put the development [Read more]
IMPACT SNAPSHOT
EVENT TIME:
NTES
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS