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Nintendo’s Profits Jump $300 Million After Tariff Refunds And Strong Software Sales

Nintendo’s Profits Jump $300 Million After Tariff Refunds And Strong Software Sales https://ift.tt/qGf1OJR Back in August 2025, Nintendo increased the price of the original Switch console in accordance with ongoing tariffs, but after the US Supreme Court declared these to be unlawful, it didn't hesitate to claim a refund. With the release of its quarterly earnings (April 1 to June 30) for the current financial year, we now have a clear picture of just how much these refunds helped Nintendo, as it recorded a 52% increase in its operating profits year-on-year, totaling $300 million. It's worth noting that Nintendo didn't reach this figure purely with tariff refunds, as the company says that "solid software sales and the resulting increase in the proportion of software in net sales" also helped. The US tariffs--that Nintendo sued the US government over --were previously recorded as cost of sales, and Nintendo also noted that its gross profit margin increased b...
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Ben Affleck Calls Netflix An "Assembly Line" https://ift.tt/DhXvOwg Ben Affleck and Matt Damon announced earlier this week that they plan to start an independent production company, Artists Equity. During the New York Times' DealBook Summit in New York City, Affleck reportedly declared the pair's new company as a push back against how streaming services treat talent--specifically calling Netflix an "assembly line." "I see no difference between commercial and quality," said Affleck (via Deadline). "If you ask Reed Hastings [Netflix co-founder and CEO]... I'm sure there's some risk in that, and I'm sure they had a great strategy, but I would have said, 'How are we going to make 50 great movies?! How is that possible? There's no committee big enough. There aren't enough--you just can't do it. It's a thing that requires attention and dedication and work and resists the assembly line process." Gerry Cardinale of Redbird Capital, which is an investing partner in Damon and Affleck's production company, added that "the first wave of streaming was about volume, [and] the second wave is about quality." Continue Reading at GameSpot

Ben Affleck Calls Netflix An "Assembly Line" https://ift.tt/DhXvOwg

Ben Affleck and Matt Damon announced earlier this week that they plan to start an independent production company, Artists Equity. During the New York Times' DealBook Summit in New York City, Affleck reportedly declared the pair's new company as a push back against how streaming services treat talent--specifically calling Netflix an "assembly line."

"I see no difference between commercial and quality," said Affleck (via Deadline). "If you ask Reed Hastings [Netflix co-founder and CEO]... I'm sure there's some risk in that, and I'm sure they had a great strategy, but I would have said, 'How are we going to make 50 great movies?! How is that possible? There's no committee big enough. There aren't enough--you just can't do it. It's a thing that requires attention and dedication and work and resists the assembly line process."

Gerry Cardinale of Redbird Capital, which is an investing partner in Damon and Affleck's production company, added that "the first wave of streaming was about volume, [and] the second wave is about quality."

Continue Reading at GameSpot
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