Infogrames Entertainment SA, Europe's largest video game maker, reported a 14% decline in first-half revenue Wednesday. Revenue fell to €105.5 million ($135.3 million) when adjusting for discontinued operations and lower comparable sales, compared with €123 million a year ago. Infogrames, which owns the Atari brand, predicted that its core loss for the period also will decline year-over-year.
Shareholders filed a federal lawsuit Wednesday against 13 private-equity firms that alleges their investments were hurt when the firms violated antitrust laws by conspiring to fix deal prices. The lawsuit names such private-equity firms as the Carlyle Group, the Blackstone Group, Kohlberg Kravis Roberts, Texas Pacific Group Ventures, Silver Lake Partners, Thomas H. Lee Partners, Madison Dearborn Partners, Warburg Pincus and Providence Equity Partners. Many PE groups have been active in media and entertainment industry investments. The complaint, filed in U.S. District Court in Manhattan, charges that the firms exchanged information and submitted bids at agreed-upon prices. The plaintiffs are individuals who own shares of Spanish-language media firm Univision Communications Inc. and others. VNU Group, the parent company of The Hollywood Reporter, also is controlled by private-equity groups, including Blackstone, Carlyle, Hellman & Friedman, Kohlberg Kravis and Thomas H. Lee.
Verizon Communications said Wednesday that it has won approval to bring its FiOS TV video service to additional markets. They include Riverside County and Chino Hills, Calif., as well as markets in New York and Massachusetts.