Game industry business news

Double Fine still waiting on Psychonauts 2 crowdfunding cash

More than half of the $3.3 million pledged towards Psychonauts 2 is yet to make it to developer Double Fine. The long-awaited sequel was backed through equity share crowdfunding platform Fig, which splits money between traditional rewards and investment. The latter is the issue holding up almost $1.9 million in …

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Sainsbury’s offers £1.3bn for Argos parent company

Supermarket giant Sainsbury’s has made an offer of 1.3bn to purchase Argos owner Home Retail. According to The Guardian, the two companies were locked in talks last night. Sainsbury’s needs to make its offer official by 5pm today (Tuesday, February 2nd), though has the option to extend its deadline in …

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Mobile title Assassin’s Creed Identity launches this month

There’s another Assassin’s Creed game coming to mobile devices. Ubisoft is launching Assassin’s Creed: Identity onto the App Store on February 25th. The title is taking place during the Italian Renaissance with players charged with discovering the ‘Mystery of The Crows’. Players are able to customise their Assassin characters and …

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Fine Bros apologises for ‘react’ trademark kerfuffle

Last week, YouTube channel The Fine Brothers attempted to trademark ‘React’ in an effort to monetise and license its reaction show format. The company attempted to lay claim to the word ‘react’ with regards to ‘entertainment services’.This, of course, drew the ire of the internet. Fine Bros has made its …

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Nintendo says it is ‘looking’ at virtual reality

Having previously dismissed the technology, Wii U and 3DS platform holder Nintendo has seemingly softened its stance toward VR. Analyst Serkan Toto says that the company has told investors that it is looking at VR”, although it did not elaborate. There are three premium virtual reality headsets on the way …

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Revenue and profit fall at Nintendo

Nintendo’s net profit for the nine months ending December 31st slumped 31.9 per cent year-on-year to 40.55bn. Net sales fell 3.9 per cent to 425.66bn. However, Nintendo has now already hit its full year net profit target of 35bn. Operating income for the period was up 34.4 per cent at …

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Martin Shkreli allegedly owes tens of thousands to former players and associates in esports

Martin Shkrelipainted himself as a transformative figure inesports. The millionaire pharmaceutical CEO, who became one of the most infamous corporate leaders in America after jacking up the price of a life-saving AIDS drug,createdan amateur team in the most popular game on the planet,League of Legends, in May of last year. …

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The Rainbow Six Pro League kicks off in March

Ubisoft, ESL, and Xbox have announced that the Tom Clancy’s Rainbow Six Pro League will begin its first season in March, with the top teams in North America and Europe laying siege to one another for their share of a total prize pool of $100,000. Tom Clancy’sRainbow Six Siegewas built …

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Bethesda Showcase returns for E3 2016

Publisher Bethesda is holding an E3 conference for the second year running. That’s according to a tweet from the publisher’s official Twitter account (below), which asks readers to save the date. Bethesda’s E3 Showcase is taking place on June 12th 2016 at 7pm PT (4am BST).It’s not yet clear where …

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