Company:Digital Bros

From HandWiki
Digital Bros S.p.A.
TypePublic
Short description: Italian stock exchange
Borsa Italiana
TypeStock exchange
LocationMilan, Italy
Founded1808; 218 years ago (1808)
OwnerLondon Stock Exchange Group
Key peopleAndrea Sironi (Chairman)
Raffaele Jerusalmi (CEO)
CurrencyEUR
No. of listings353
Market capEUR[1] (2017) € billion 2,370.00 ($ billion 2,960.00)
VolumeUnited States dollar 738 billion
IndicesFTSE MIB
FTSE Italia All-Share
FTSE Italia Mid Cap
FTSE Italia Small Cap
FTSE AIM Italia

Borsa Italiana S.p.A., based in Milan, is Italy's only stock exchange. It manages and organises domestic market, regulating procedures for admission and listing of companies and intermediaries and supervising disclosures for listed companies.[2]

Following exchange privatisation in 1997, the Company was established and became effective since 2 January 1998.[3] It is now a subsidiary of the London Stock Exchange Group plc since 23 June 2007.[4]

In 2015, overall capitalisation for listed company on Borsa Italiana was worth €567.2 billion, representing 34.8% of Italian GDP.[5]

Borsa Italiana is also informally known as Piazza Affari ("Business Square"), after the city square of Milan where its headquarters (the Palazzo Mezzanotte building) is located.

Borsa Italiana is chaired by Andrea Sironi, and Raffaele Jerusalmi is the CEO. They are both directors of the London Stock Exchange Group.[6]

Borsa Italiana is regulated by the Commissione Nazionale per le Società e la Borsa (CONSOB), an agency of the Ministry of Economy and Finance, based in Rome.

History

The Borsa di commercio di Milano (Milan Stock Exchange) was established by Eugène de Beauharnais, viceroy of the Napoleonic Kingdom of Italy, through decrees dated 16 January and 6 February 1808.[7] It operated under public ownership until 1998, when it was privatized.[8] In 1997, all the Italian stocks were merged. Before of this year other smaller stocks exchanges based in Naples, Turin, Trieste, Venice, Genoa, Florence, Bologna, Rome, and Palermo. In 1991 the electronic exchanges were approved and in 1994 the market with grida (A,B,C) was abolished. In Milan were also the currencies exchange rates fixing and the commodities fixing.[9]

On 1 October 2007, Borsa Italiana was merged with the London Stock Exchange in an all-share takeover,[10] thus becoming part of the London Stock Exchange Group. In March 2016, the London Stock Exchange Group announced the agreement to merge in an all-stock deal with Deutsche Borse, but was subsequently blocked by the EU Competition Regulator.[11]

Operations

Borsa Italiana acts as a market management firm operating with autonomy and flexibility. It organises and manages the domestic stock market along with Italian and international brokers through fully electronic trading system. Among its leading tasks, Borsa Italiana supervises listed companies, defining rules for admission and listings and supervising transaction activities.[12]

Trading hours

File:L.O.V.E. sculpture by Maurizio Cattelan in front of Milan Stock Exchange.jpg
L.O.V.E. sculpture by Maurizio Cattelan in front of Milan Stock Exchange
The exchange has pre-market sessions from 08:00am to 09:00am, normal trading sessions from 09:00am to 05:30pm and post-market sessions from 06:00pm to 08:30pm on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.[13]

Markets

Major trading markets for Borsa Italiana are:

  • MTA, the leading equity market, which is devoted to mid and large-size companies. It includes two segments: STAR, for mid-sized firms, and MTA International, on which shares from non-Italian issuers already listed on other European markets are traded;[14]
  • AIM Italia, which collects stocks by small and medium high-growth companies;[15]
  • MIV (Market For Investment Vehicles), on which retail and professional investors operates on investment vehicles which have a defined strategic vision;[16]

Borsa Italiana also include markets for derivatives (IDEM),[17] ETF (ETFPlus) and bonds (MOT).[18]

Indices

Borsa Italiana's main indices are:[19]

  • FTSE Italia All Share
  • FTSE MIB, a capitalisation-weighted index of 40 of the biggest companies chosen to represent 10 economic sectors, created in 2009[20]
  • FTSE Italia Mid Cap
  • FTSE Italia Small Cap
  • FTSE AIM Italia
  • AIM Italia Investable

Listed companies

See also

References

Notes

  1. ↑ "Borsa in tempo reale - Listino completo - Milanofinanza.it". https://www.milanofinanza.it/quotazioni/ricerca/capitalizzazioni. Retrieved 4 April 2018. 
  2. ↑ italy24.ilsole4ore.com, "Borsa Italiana"
  3. ↑ source sense.com, "Borsa Italiana"
  4. ↑ news.bbc.co.uk, "London Stock Exchange Buys Borsa"
  5. ↑ borsaitaliana.it, "2015 Highlights"
  6. ↑ lseg.com, "Board"
  7. ↑ http://www.historytour.it, "History Tour – Borsa Italiana "
  8. ↑ "Historical Stages". Borsa Italiana. http://www.borsaitaliana.it/headerservices/bicentenario/tappestoriche.en.htm. [|permanent dead link|dead link}}]
  9. ↑ "24 dicembre 1802: viene istituita la Borsa Valori di Roma -". 24 December 2016. http://www.parmadaily.it/293111/24-dicembre-1802-viene-istituita-la-borsa-valori-di-roma/. Retrieved 4 April 2018. 
  10. ↑ "I Principali Indici di Borsa Italiana dopo la fusione con la Borsa di Londra". 21 January 2020. https://toptrading.org/indici/indici-borsa-italiani/. 
  11. ↑ competitionpolicyinternational.com, "EU: LSE and Deutsche Börse officially announce merger"
  12. ↑ borsaitaliana.it, "EU: LSE and Deutsche Börse officially announce merger[yes|permanent dead link|dead link}}]"
  13. ↑ Market Hours, Italian Stock Exchange via Wikinvest
  14. ↑ lseg.com, "MTA "
  15. ↑ lseg.com, "AIM Italia"
  16. ↑ lseg.com, "MIV: Trading "
  17. ↑ lseg.com, 'IDEM Equity "
  18. ↑ lseg.com, "MOT "
  19. ↑ borsaitaliana.it, "Gli indici"
  20. ↑ strategystocks.co.uk, "Milan Stock Exchange: The Italian Index "
  • Affari




FTSE All-Share Index
ISIN[https://handwiki.org/wiki/index.php?title=Toollabs:isin/&language=en&isin=IT0001469995 IT0001469995]
IndustryVideo games
Founded1989; 37 years ago (1989)
FoundersAbramo and Raffaele Galante
Headquarters
Milan
,
Italy
Area served
Worldwide
Key people
  • Abramo Galante
  • (chairman, CEO)
  • Raffaele Galante
  • (CEO)
  • Davide Galante
  • (director)
  • Dario Italo Treves
  • (director)
  • Stefano Salbe
  • (CFO)
Subsidiaries§ Subsidiaries
Websitedigitalbros.com

Digital Bros S.p.A. is an Italian video game company that develops, publishes and distributes games.[1] It publishes games under its 505 Games subsidiary brand since 2007 and established video game development school, Digital Bros Game Academy, in 2014.[2] Digital Bros was founded in 1989 as Halifax and the name is still used for distribution.

Digital Bros is headquartered in Milan with offices in the United Kingdom, United States, France, Spain, Germany, China, Hong Kong and Japan.[3][4]

History

1989–2000: Founding and growth

Halifax S.p.A. was founded in 1989 in Milan, Italy, by the brothers Abramo and Raffaele Galante.[5] In the 1990s, the company had the rights to distribute games of international publishers on the Italian market through its Halifax brand; including Pro Evolution Soccer, Tomb Raider and Resident Evil.[6] It was listed on the STAR segment of the Italian Stock Exchange in 2000.[7]

Digital Bros also operated the European television channel Game Network from 1999 to 2006[8] and operated European servers for The Legend of Mir series and various other online games under the Game Network brand until 2009.

2001–2014: Internationalization and digitalization

In 2006, Digital Bros founded subsidiary 505 Games (505 GameStreet[9]). In 2012, it started publishing games on digital platforms, Steam, PlayStation Network and Xbox Live.[6] In 2013, it established its mobile games division, 505 Games Mobile.[6]

2015–2020: Acquisitions and investments

In 2015, Digital Bros acquired DR Studios, a developer based in Milton Keynes, United Kingdom and was made responsible of its Free to Play games.[6] The company acquired a stake of 49% in Ovosonico,[10] a developer based in Varese.[6] In 2017, the group acquired Kunos Simulazioni, a developer specializing in driving simulations, headquartered in Rome, Italy.[11][12]

In 2020, it announced its intent to generate 50% of its revenue from its own games.[13] On 3 March 2020, Digital Bros acquires 51% of the remaining shares of the Ovosonico studio from Massimo Guarini.[14] The Ovosonico brand remains the property of Massimo Guarini, controlled by Guarini Design, while the development studio, with its employees, has been acquired by Digital Bros.

In November 2023, Digital Bros announced plans to lay off about 30% of its global workforce—around 130 employees—following an organizational review. This decision is attributed to changes in the global games industry and shifts in consumer behavior since the pandemic, with a noted preference for well-established intellectual properties. The company said it would be adjusting its strategy to focus more on sequels and new versions of successful games, reducing the number of new, large-budget projects.[15] Job cuts continued into 2024, when 505 Games offices in Germany, Spain, and France were closed.[16][17]

Subsidiaries

See also

  • List of 505 video games

References

  1. ↑ Calvin, Alex. "Publisher and educator: Meet Digital Bros, Italy's biggest games company". https://www.pcgamesinsider.biz/profile/66269/digital-bros-italys-biggest-games-company-talks-remedy-education-and-the-importance-of-good-relationshipspublisher-and-educator-meet-digital-bros-italys-biggest-games-company/. 
  2. ↑ Cozzi, Emilio (26 March 2015). "More Than a Game: Italy RISES!!!" (in it). Red Bull. https://www.redbull.com/it-it/dalla-digital-bros-game-academy-al-game-in-italy. 
  3. ↑ "Digital Bros SpA". Bloomberg. https://www.bloomberg.com/profile/company/DIB:IM. Retrieved 2 July 2020. 
  4. ↑ "Digital Bros". Il Sole 24 Ore. https://mercati.ilsole24ore.com/azioni/borsa-italiana/dettaglio-completo/DIB.M. Retrieved 1 July 2020. 
  5. ↑ "Halifax - Company Informations". http://www.halifax.it/informations.htm. 
  6. ↑ 6.0 6.1 6.2 6.3 6.4 "Overview A Global Company in the Digital Entertainment Industry". digitalbros.com. https://www.digitalbros.com/group/#overview. 
  7. ↑ "Digital Bros". https://www.borsaitaliana.it/borsa/azioni/profilo-societa-dettaglio.html?isin=IT0001469995. Retrieved 1 July 2020. 
  8. ↑ "Digital Bros. Concentrates on Entertainment Through New Media". Digital Bros.. Archived from the original on 14 January 2006. https://web.archive.org/web/20060114162330/http://www.digital-bros.net/eng/comunicati/CSDB_GameMediaNetworks_eng.pdf. Retrieved 17 March 2013. 
  9. ↑ "505 Games". http://www.505gamestreet.it/aboutus.htm. 
  10. ↑ Calvin, Alex (14 September 2015). "505 Games parent invests in Murasaki Baby studio Ovosonico". MCV. Intent Media. http://www.mcvuk.com/news/read/505-games-parent-invests-in-murasaki-baby-studio-ovosonico/0155810. Retrieved 10 October 2015. 
  11. ↑ "BRIEF-Digital Bros signs prelim. agreement to buy 100 pct Kunos Simulazioni". Reuters. 20 January 2017. https://www.reuters.com/article/idUSFWN1FA0IA. 
  12. ↑ "Digital Bros. acquisisce Kunos Simulazioni, lo studio di Assetto Corsa". multiplayer.it. https://multiplayer.it/notizie/179012-assetto-corsa-digital-bros-acquisisce-kunos-simulazioni-lo-studio-di-assetto-corsa.html. Retrieved 1 July 2020. 
  13. ↑ "Digital Bros punta a più ricavi dai videogiochi di proprietà". ilsole24ore.com. ilsole24ore.com. 27 April 2020. https://24plus.ilsole24ore.com/art/digital-bros-punta-piu-ricavi-videogiochi-proprieta-ADv1zdL. Retrieved 2 July 2020. 
  14. ↑ "Ovosonico, Massimo Guarini lascia. L'azienda acquisita da Digital Bros, si chiamerà Avantgarden". ilmessaggero.it. ilmessaggero.it. 8 March 2020. https://www.ilmessaggero.it/tecnologia/ovosonico_massimo_guarini_lascia_digital_bros_avantgarden_videogame-5098689.html. Retrieved 2 July 2020. 
  15. ↑ "Digital Bros, parent company of 505 Games, is laying off 30% of its staff" (in en-AU). 15 November 2023. https://www.gameshub.com/news/news/digital-bros-parent-company-of-505-games-is-laying-off-30-of-its-staff-2633181/. 
  16. ↑ Kennedy, Victoria (2024-02-29). "Ghostrunner 2 publisher 505 Games closes offices in Germany, Spain and France" (in en). Eurogamer.net. https://www.eurogamer.net/ghostrunner-2-publisher-505-closes-offices-in-germany-spain-and-france. 
  17. ↑ Caballero, David (2024-02-29). "Más recortes en Digital Bros: ¿afectarán a Assetto Corsa 2 o Project Iron?" (in es). https://www.gamereactor.es/otra-ronda-de-despidos-505-games-echa-el-cierre-en-espana-francia-y-alemania-1121483/. 



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