NEW YORK — Acclaim Entertainment Inc. president Robert Holmes said Wednesday initial indications are that its NBA Jam homevideo game set a sales record on its release day, topping previous bestseller Mortal Kombat, another Acclaim title.
“Prior to NBA Jam, the largest single day in videogame history in terms of sales had been Mortal Kombat, which was last September,” Holmes said.
“This, by all indications at this point, has exceeded it by anywhere from 10% to 20%,” Holmes said of NBA Jam opening day sales on March 4.
Acclaim stock rose $ 1 to $ 26.13.
Holmes said he does not have the final sales figures, as he is still waiting for reports from some retailers.
But, he said, “I am, to put it as diplomatically as I can, very back-ordered right now.”
Holmes said it was unlikely NBA Jam sales would have an impact on third-quarter results. But he said he was “comfortable” with Wall Street’s earnings estimates of $ 0.92 a share and revenue estimates of 445 million-450 million for the fiscal year ending in August.
He said NBA Jam shipments are currently “on allocation” status at least through April, meaning Acclaim will only be able to fill a portion of retailers’ orders. “We will be allocating product as available,” he said.
Acclaim initially shipped about 2 million units to U.S. and European retailers, he said. Holmes said he expected “NBA Jam” to be “a strong title” and had expected “it to be on a par with Mortal Kombat.”
With the game available in stores for just five days, Holmes said, it is too early to tell whether Jam will top total Kombat sales. Holmes said Kombat sales are expected to exceed 5 million units worldwide. But Holmes said he expects NBA Jam to have a longer life cycle than Mortal Kombat.
“I would expect this title, unlike Mortal Kombat — Mortal Kombat was extremely strong in its opening months and while it continues to be strong — I would expect NBA Jam to have longer legs, if you will,” Holmes said.
Acclaim’s next homevideo game title, Maximum Carnage, is expected to be released in early summer, followed by Mortal Kombat 2 in early September, Holmes said.