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Essay / Research Paper Abstract
This 5 page paper analyses the performance of the publishing and entertainment software company Eidos, well known for their ownership of the Tomb Raider series. The paper looks at their finial results and performance of the Financial Year ending 2001. The bibliography cotes 4 sources.
Page Count:
5 pages (~225 words per page)
File: TS14_TEeidos1.rtf
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Unformatted sample text from the term paper:
titles that it has published over the years. These have included the Tomb Raider series with Lara Croft, which has since expanded into the film industry as well as games
such as Commandos, Dream Reaver and more recently Who Wants to Be a Millionaire (Eidos, 2003). For the first five years the of company focuses merely on video
compression technology, and entered this games software market in 1995. Since then results have been volatile. In looking at the 2001 results, the company performance of the preceding year can
be assessed and the influences in the industry at that time are reflected. The company had seen profits rise in proceeding years, but in 200 there had been a
loss. This continued into 2001. The gross profit was a positive figure of ?61,771, however the operating profit was -? 57,289 and with a loss of ? 36,308 on investment
this along with investments payments and other adjustment to a total loss of ?97,329 on ordinary activities for the year 2001 (Edios, 2001). By looking at the years performance
and the reason behind that performance there are some patterns that emerge. In 2001 Eidos launch twenty new games, some titles that were original planned for release in this year
were delayed until the next year. During the 2001 accounting period there was a time of turmoil. The games were made for different gaming formats, but the market had slowed
down due to the release of new gaming formats (Eidos, 2001). Customers were waiting to buy the new consoles rather than investing in games for the older consoles. Much hype
regarding the new offering meant that users were prepared to wait. The impact of complimentary goods in the market was extreme. This reduction in demand also lead to a position
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