Proactiveinvestors United Kingdom Game Digital https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom Game Digital RSS feed en Tue, 16 Jul 2019 13:04:43 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Form 8 (DD) - GAME Digital plc ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190716070301_14150379/ Tue, 16 Jul 2019 07:03:01 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190716070301_14150379/ <![CDATA[RNS press release - Form 8 (DD) - Game Digital plc ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190716070201_14150378/ Tue, 16 Jul 2019 07:02:01 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190716070201_14150378/ <![CDATA[RNS press release - Director/PDMR Shareholding ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190716070101_14150363/ Tue, 16 Jul 2019 07:01:01 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190716070101_14150363/ <![CDATA[RNS press release - Issue of Equity ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190716070004_14150271/ Tue, 16 Jul 2019 07:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190716070004_14150271/ <![CDATA[RNS press release - Game Digital ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190715173001_14150110/ Mon, 15 Jul 2019 17:30:01 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190715173001_14150110/ <![CDATA[RNS press release - Cancellation of Listing ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190715073002_14148948/ Mon, 15 Jul 2019 07:30:02 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190715073002_14148948/ <![CDATA[RNS press release - Offer Update re Game Digital plc ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190715070006_14148512/ Mon, 15 Jul 2019 07:00:06 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190715070006_14148512/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) - GAME Digital Plc ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190712084926_14146611/ Fri, 12 Jul 2019 08:49:26 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190712084926_14146611/ <![CDATA[RNS press release - Issue of Equity ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190712070003_14145974/ Fri, 12 Jul 2019 07:00:03 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190712070003_14145974/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190710092123_14143252/ Wed, 10 Jul 2019 09:21:23 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190710092123_14143252/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190709095143_14141606/ Tue, 09 Jul 2019 09:51:43 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190709095143_14141606/ <![CDATA[RNS press release - Offer Update re Game Digital plc ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190709070009_14140934/ Tue, 09 Jul 2019 07:00:09 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190709070009_14140934/ <![CDATA[RNS press release - Form 8.3 - GAME Digital plc ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190708163453_14140643/ Mon, 08 Jul 2019 16:34:53 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190708163453_14140643/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190708090323_14139825/ Mon, 08 Jul 2019 09:03:23 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190708090323_14139825/ <![CDATA[News - GAME Digital is a high-profile casualty of a revolution in the video game markets ]]> https://www.proactiveinvestors.co.uk/companies/news/223364/game-digital-is-a-high-profile-casualty-of-a-revolution-in-the-video-game-markets-223364.html The buyout of GAME Digital PLC (LON:GMD) by Mike Ashley’s Sports Direct International PLC (LON:SPD) could signal the start of the end game for disc-based video game retailers on the UK high-street.

The physical market for video games has been under pressure for a number of years, with faster internet speeds and digital game marketplaces such as Steam, Origin and the Epic Games Store providing gamers with an easier method to access a bigger library of games than the shelves of any store could hold.

In fact, according to data from the Entertainment Retailers Association (ERA), UK video game sales in 2018 were 80% digital, which included revenues from micro-transactions, downloadable content (DLC), subscription services, pay-to-play and individual game sales.

READ: GAME Digital directors back Sports Direct takeover offer

By far the biggest converts to digital gaming are PC users, with Alexandre Schmidt, an analyst at Liberum, saying that around 95% of the global PC gaming market is digital.

The console market is also moving ever closer towards digital dominance with users increasingly being offered ways to directly purchase games through the hardware itself rather than from third-party sellers.

And the trend looks set to continue, particularly with tech giants such as Google and Apple Inc (NASDAQ:AAPL) announcing the launch of the Stadia and Apple Arcade respectively earlier this year, which are aiming to offer the ability to play high-quality games via the cloud, removing the need for gamers to own high-spec hardware and, more importantly, physical disks.

GAME itself has not been ignoring the shifting sands either and in recent years has been trying to diversify away from a pure retail offering and into the events and e-sports space.

A key element of this is BELONG, a network of bookable arenas where gamers can play on various platforms; Sports Direct bought 50% of BELONG for £3.2mln in February amid plans to bring the arenas into its own stores.

The FTSE 250 retailer has also said previously that it did not believe GAME was able to weather the pressures it was facing as a stand-alone business, implying that it did not think a high-street video game seller had much of a future.

In fact, it could be argued that given that GAME collapsed into administration in 2012, before being bought out by private equity firm OpCapita and re-listed on the LSE in 2014, that the writing has been on the wall for some time.

Time to eject disc?

So is ‘game over’ for GAME sounding the death-knell for other high-street video game sellers? According to Schmidt, the answer appears to be no.

The analyst says that while the PC gaming market is currently dominated by digital, physical copies continue to hold a hefty chunk of the console gaming market, which includes hardware like Sony’s PlayStation and Microsoft Corp’s (NASDAQ:MSFT) Xbox.

This fact appears to be borne out in the ERA data, which showed that in 2018 the best-selling game of the year, FIFA 19, sold 2.5mln units, 75.6% of which were physical copies.

“Console is still predominantly boxed and packaged”, Schmidt says, adding that even in the PC market large geographies such as Germany and Russia still prefer physical copies of games.

There is also the appeal of resale value for physical games in the second hand market, which is more or less non-existent for digital games due to their access being locked behind online access keys or account links in order to prevent multiple players using the same copy of a game, instead of pay for a fresh copy each time.

Schimdt says this ability to cut down on a player’s overall purchasing price by selling a disc later on could prove to be a “bit of a lifeline” for the high street video game retailers.

And while the new streaming platforms could present yet another threat to disk-based gaming, Schmidt is unconvinced it will be able to kill it off entirely.

“You’re still going to have people who live in remote areas or with bad internet that still want to go to a shop and buy the game they want”, he says.

“While the [physical game] market may reduce, I don’t think it will go away altogether”.

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Thu, 04 Jul 2019 14:02:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/223364/game-digital-is-a-high-profile-casualty-of-a-revolution-in-the-video-game-markets-223364.html
<![CDATA[RNS press release - Form 8.5 (EPT/RI) ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190704105304_14136908/ Thu, 04 Jul 2019 10:53:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190704105304_14136908/ <![CDATA[News - GAME Digital directors back Sports Direct takeover offer ]]> https://www.proactiveinvestors.co.uk/companies/news/223345/game-digital-directors-back-sports-direct-takeover-offer-223345.html The directors of GAME Digital PLC (LON:GMD) have backed a takeover offer by Mike Ashley’s Sports Direct International PLC (LON:SPD).

In an announcement on Thursday the video game retailer said it “unanimously intended” to support the mandatory cash offer of 30p per share, valuing the firm at nearly £52mln and a 27.4% premium on GAME’s close price on 4 June, the day before the offer was announced.

READ: Sports Direct launches £52mln takeover offer for GAME Digital

GAME shareholders will now have until 1pm on 11 July to accept the offer.

Sports Direct was forced to make a full takeover offer for GAME after taking its stake in the business to 38.49% from 29.9%.

Shareholders that own more than 30% of a company are required to make an offer for the rest of the shares under UK takeover rules.

The move followed the sale of half of GAME’s Belong esports business to Sports Direct in February for £3.2mln.

At the time it made its offer in early June, Sports Direct said it did not believe that GAME was able to “weather the pressures that it is facing" as a standalone business.

The FTSE 250 firm plans to introduce concessions of the chain in its own stores along with Belong-branded gaming “arenas” where people can play computer games.

In early trading on Thursday, GAME’s shares were down 0.2% at 29.8p, just 0.7% below the offer price suggesting investors aren’t expecting a higher bid any time soon.

Meanwhile, shares in Sports Direct were up 0.2% at 266.8p.

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Thu, 04 Jul 2019 08:52:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/223345/game-digital-directors-back-sports-direct-takeover-offer-223345.html
<![CDATA[RNS press release - Recommended Mandatory Cash Offer ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190704070006_14135979/ Thu, 04 Jul 2019 07:00:06 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190704070006_14135979/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190703103051_14135013/ Wed, 03 Jul 2019 10:30:51 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190703103051_14135013/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190702091322_14132997/ Tue, 02 Jul 2019 09:13:22 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190702091322_14132997/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190701090303_14130885/ Mon, 01 Jul 2019 09:03:03 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190701090303_14130885/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) - Game Digital Plc ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190701083412_14130838/ Mon, 01 Jul 2019 08:34:12 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190701083412_14130838/ <![CDATA[RNS press release - Miton Asset Management Limited - Form 8.3 - Game Digital plc ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/PRNRNS_201906280947PR_NEWS_UKDISCLO_0093/ Fri, 28 Jun 2019 14:47:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/PRNRNS_201906280947PR_NEWS_UKDISCLO_0093/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190628131005_14129477/ Fri, 28 Jun 2019 13:10:05 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190628131005_14129477/ <![CDATA[RNS press release - Holding(s) in Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190628125209_14129430/ Fri, 28 Jun 2019 12:52:09 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190628125209_14129430/ <![CDATA[RNS press release - Man Group PLC : Form 8.3 - Game Digital plc ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/NASDAQ_1000219794-en/ Fri, 28 Jun 2019 11:43:12 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/NASDAQ_1000219794-en/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190628091801_14128797/ Fri, 28 Jun 2019 09:18:01 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190628091801_14128797/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) - GAME Digital Plc ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190628084310_14128738/ Fri, 28 Jun 2019 08:43:10 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190628084310_14128738/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) - GAME Digital Plc ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190627084906_14126749/ Thu, 27 Jun 2019 08:49:06 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190627084906_14126749/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190627084002_14126743/ Thu, 27 Jun 2019 08:40:02 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190627084002_14126743/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190626085000_14125038/ Wed, 26 Jun 2019 08:50:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190626085000_14125038/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190625111731_14123538/ Tue, 25 Jun 2019 11:17:31 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190625111731_14123538/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190624090118_14121469/ Mon, 24 Jun 2019 09:01:18 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190624090118_14121469/ <![CDATA[RNS press release - Response to mandatory cash offer by Sports Direct ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190621153817_14120550/ Fri, 21 Jun 2019 15:38:17 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190621153817_14120550/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190621103428_14119895/ Fri, 21 Jun 2019 10:34:28 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190621103428_14119895/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) - GAME Digital Plc ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190621082237_14119706/ Fri, 21 Jun 2019 08:22:37 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190621082237_14119706/ <![CDATA[RNS press release - Offer Document Posted re Game Digital plc ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190620152905_14118820/ Thu, 20 Jun 2019 15:29:05 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190620152905_14118820/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) - GAME Digital Plc ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190620084339_14118134/ Thu, 20 Jun 2019 08:43:39 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190620084339_14118134/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190620083447_14118123/ Thu, 20 Jun 2019 08:34:47 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190620083447_14118123/ <![CDATA[RNS press release - Form 8.3 - Game Digital plc ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/BWIPREM_20190619005669/ Thu, 20 Jun 2019 07:00:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/BWIPREM_20190619005669/ <![CDATA[RNS press release - BennBridge Ltd - Form 8.3 - GAME Digital Plc ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/PRNRNS_201906190824PR_NEWS_UKDISCLO_0083/ Wed, 19 Jun 2019 13:24:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/PRNRNS_201906190824PR_NEWS_UKDISCLO_0083/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190619083340_14116478/ Wed, 19 Jun 2019 08:33:40 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190619083340_14116478/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) - GAME Digital Plc ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190619081819_14116399/ Wed, 19 Jun 2019 08:18:19 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190619081819_14116399/ <![CDATA[RNS press release - CHURCH HOUSE INVESTMENTS LTD - Form 8.3 - Game Digital ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/PRNRNS_201906180720PR_NEWS_UKDISCLO_0065/ Tue, 18 Jun 2019 12:20:00 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/PRNRNS_201906180720PR_NEWS_UKDISCLO_0065/ <![CDATA[RNS press release - PUBLIC OPENING POSITION DISCLOSURE ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190618120728_14115275/ Tue, 18 Jun 2019 12:07:28 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190618120728_14115275/ <![CDATA[RNS press release - Form 8.3 - [Game Digital plc - AMENDMENT] ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/NASDAQ_1000198158-en/ Tue, 18 Jun 2019 11:37:35 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/NASDAQ_1000198158-en/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190618090953_14114827/ Tue, 18 Jun 2019 09:09:53 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190618090953_14114827/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) - GAME Digital Plc ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190618080159_14114647/ Tue, 18 Jun 2019 08:01:59 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190618080159_14114647/ <![CDATA[RNS press release - Man Group PLC : Form 8.3 - GAME Digital plc ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/NASDAQ_1000197962-en/ Mon, 17 Jun 2019 12:03:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/NASDAQ_1000197962-en/ <![CDATA[RNS press release - Form 8.5 (EPT/RI) - GAME Digital Plc ]]> https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190617082822_14112936/ Mon, 17 Jun 2019 08:28:22 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3163/LSE20190617082822_14112936/