Guitar Hero Will Save the Economy
One industry clearly not worried about a recession: the video-game bidness. That's clear from this morning's news that Grapevine-based GameStop posted first-quarter earnings of $189.8 million -- up, oh, just 46 percent from last year's earnings during the same period. And the reason? Guess. Fine: "New videogame software sales rose 38% on the back of sales of popular sequels to the Guitar Hero and Call of Duty franchises. New hardware sales jumped 19% despite shortages of Microsoft Corp.'s Xbox 360 in January." Also comes news that GameStop's opening 600 new stores this year -- so newsy it made Pravda. --Robert Wilonsky
Get the ICYMI: Today's Top Stories Newsletter
Catch up on the day's news and stay informed with our daily digest of the most popular news, music, food and arts stories in Dallas, delivered to your inbox Monday through Friday.