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Investment Firm to Save GAME Group Investment Firm to Save GAME Group

The BBC is reporting that the investment group OpCapita will save GAME Group PLC by buying a large portion of the insolvent company. Last week GAME Group administration was taken over by PricewaterhouseCoopers (PwC) in order to get the company …

Former GAME Employee Sings in Front of Closed Store Former GAME Employee Sings in Front of Closed Store
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Game Group PLC recently announced that CEO Ian Shepherd would be stepping down, and that PricewaterhouseCoopers would be taking over administration of the company. This came after months of failed bargaining with lenders to try and keep the company afloat. …

GAME Group Administration Appointed, CEO Steps Down GAME Group Administration Appointed, CEO Steps Down

Game Group PLC announced today that PricewaterhouseCoopers (PwC) would be assuming administration of the company. The company had announced last week that it would be seeking administration. In a statement today, the GAME Group Board of Directors said: “Further to …

Online Ad Revenue In US Hit Record $6.4 Billion

U.S. Internet advertising revenues hit a record $6.4 billion in the third quarter, an increase of 17 percent from the same period in 2009, according to a new report by the Interactive Advertising Bureau (IAB) and PwC.

“The Internet has transformed consumers’ lives and how they experience entertainment, information and brands,” said Randall Rothenberg, President & CEO, IAB.

Online Advertising Sets a New Record
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In the first half of 2010, online ad revenues in the U.S. reached $12.1 billion, setting a new half-year record. The total also represented an 11.3% increase over the same period the previous year. It also included the highest second-quarter on record. This is all according to the Interactive Advertising Bureau and  PwC

Online Ad Revenue Tops $10 Billion
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Internet advertising revenues reached $10.9 billion in the first half of 2009, a 5 percent decline from the same time in 2008, according to a new report from the Interactive Advertising Bureau (IAB) and PricewaterhouseCoopers.

Search and display advertising continue to account for the largest percentages of overall advertising spend.  Search revenues amounted to more than $5.1 billion for the first six months of 2009, up three percent from the same period in 2008.

Cerf: Cell Phones To Drive Internet Growth
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There are about 5.5 billion people on the planet. Roughly 2.5 billion of them use cell phones.

Only 1.1 billion surf the Web.

So when Vinton G. Cerf, who currently serves as Google’s vice president, states that mobile phones will fuel the growth of the Internet, well . . . maybe we should believe him.

“The mobile phone has become an important factor in the Internet revolution,” said Cerf. “You will get those other 5.5 billion people only when affordability increases and the cost of communication goes down.”

Internet Ad Revenue Near $4B For Quarter

The Interactive Advertising Bureau (IAB) and PricewaterhouseCoopers (PwC) announced that online ad revenue reached $3.864 billion for the first quarter of 2006.