There's never a dull moment on Wall Street. Let's go over some ofthe items that will help shape the week that lies ahead. 1. Game Off: Diehard gamers will be crunching numbers instead of virtualopponents as the country's two largest video game makers reporttheir latest quarterly results. |
It's been a rough three years for the industry, as software saleshave been sluggish despite cheaper console and handheld prices. Forthe first time in ages, video game retailer GameStop ( GME ) plans to close more stores than it opens this year. It shouldn't come as a surprise to find that Activision Blizzard ( ATVI ) and Electronic Arts ( EA ) are expected to post lower quarterly profits than they did a yearago. Activision Blizzard may be hopeful that next week's release of Diablo III will turn things around. If that doesn't pan out, the world'sleading video game maker just announced Nov.
13 as its release datefor Call of Duty: Black Ops 2 . 2. Static for Satellite TV?: You may not have noticed it while you were hunting under the couchcushions for the remote control, but we're experiencing arevolution in the way that we consume video. The popularity of streaming sites -- on PCs, smartphones, andtablets -- is booming.
Traditional cable and satellite televisionproviders are trying to keep subscribers entertained, but it'sgoing to be a challenge to keep folks paying top dollar for acatalog of channels that go largely unwatched. The two biggest providers of satellite television, DISH Network ( DISH ) and market leader DirecTV ( DTV ), are reporting this week.. DISH has struggled in recent years, even as it positions itscost-effective service. DirecTV, on the other hand, has made themost of its exclusive deal with the NFL to offer complete leaguecoverage through its NFL Sunday Ticket package. DirecTV has also successfully attracted millions of satellite TVcustomers in Latin America.
The divergence between the twocompanies isn't lost on Wall Street. Analysts see DirecTV growingits profitability, while DISH Network is expected to post lowerearnings this time around.
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