E3 Show Loses Ground in Videogames

E3 Show Loses Ground in Videogames War - WSJ.com: "The Electronic Entertainment Expo for years served as the center of the videogame world—an annual gathering of who's who in the business. But E3, which kicks off this week in Los Angeles, is losing some cachet as it fails to attract the industry's new rising stars: creators of hit games for smartphones. The phenomenon reflects a broader transition in the $66 billion videogame industry. Videogames are moving from the near-exclusive domain of dedicated consoles to a wider universe of smartphones, tablet computers and other devices. This shift is changing the landscape of an industry long ruled by console makers and publishers that sell games for them. Instead, companies like GungHo Online Entertainment Inc., creator of Japan's mobile game phenomenon "Puzzle & Dragons," are on the rise. The game—a mix of puzzle game Bejeweled and cartoonish battle game Pokemon—is adding one million smartphone users every few weeks, propelling the company's market capitalization temporarily to surpass that of longtime industry stalwart Nintendo Co. A GungHo executive says the company sees "no reason" to attend E3. . . ." (read more at the link above)

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