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Nintendo Stock Continues To Dive Following Low Switch 2 Sales Predictions

Nintendo Stock Continues To Dive Following Low Switch 2 Sales Predictions https://ift.tt/lTKY82o Nintendo's share price dropped almost 8% on Monday as investors respond to the company's overly pessimistic outlook for the Switch 2's second year of sales. The slump took Nintendo's share price to its lowest point in almost two years, after the company admitted it was feeling the squeeze from memory shortages and other market pressures. On sales numbers alone the Switch 2 looks like a runaway success, but Nintendo isn't confident that the console can maintain its momentum, especially with a price hike on the way . In its earnings release, Nintendo said that hardware shortages and the strong first-year sales would result in Switch 2 sales declining in its second year--which would be unusual as consoles are generally expected to gain momentum in their second year on the market. As Nintendo stock continues its downward slide, Sony is up 10% following an earnings release ...
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The Monopoly Movie Is Back On, Hasbro Confirms

The Monopoly Movie Is Back On, Hasbro Confirms https://ift.tt/CWMbeEc

A movie based on the iconic board game Monopoly is seemingly back in development. Hasbro CEO Chris Cocks confirmed this as part of the news that Hasbro is selling its eOne film and TV business to Lionsgate for $500 million. The Monopoly movie has been in the works for nearly a decade, but in Hollywood, projects stop and start regularly.

"Lionsgate's management team is experienced in entertainment and adept at driving value, and we're glad to have found such a good home for our eOne film & TV business," Cocks said. "We look forward to partnering with them, especially on a movie adaptation of Monopoly."

A Monopoly movie has been in various stages of development for years, dating back at least to 2015. At one point, Kevin Hart and Ridley Scott were attached, but nothing has ever come of it. Given the incredible success of the Barbie movie recently, it seems possible that Hollywood executives might be more excited about the idea of even more toy-based movies.

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