Game industry business news

Zynga CFO departs despite company exceeding financial predictions

Social games firm Zynga has announced the departure of its chief financial officer in spite of the publisher posting financial results exceeding its expectations. Zynga forecasted $155m to $170m for the quarter, and beat these predictions by recording bookings of $176m. This is an increase of $1m year-on-year – in …

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EVO 2016 set for July next year

Top fighting game competition the Evolution Championship Series will run fromJuly 15-17 next year in Las Vegas, lining up anotheranother weekend ofweekend of cheers, tears and clutch counters. It’s going to be great. The venue and gameshaven’t been announced yet, butKing of Fighters XIV and Tekken 7 lurk on the …

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MCV and Develop Christmas party set for December 3rd

Christmas is well and truly upon us, the party season is kicking into gear, and MCV and Develop are throwing one epic night out for the the entire games industry. The party will take place on Thursday, December 3rd at the Sway Bar in Holborn (London) and runs from 7pm …

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Activision Blizzard stops reporting World of Warcraft subscriber numbers

This month’s financial report will be the last time that Activision Blizzard confides subscriber numbers for World of Warcraft. The company has said it has made the decision as there are other metrics that are better indicators of the overall Blizzard business performance”. Which essentially means it doesn’t want to …

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Xbox One Elite controller will be in short supply until December

Microsoft’s premium game pad for the Xbox One has almost sold out at retail. The Xbox Elite Wireless Controller was released last week, costing 120, and includes a range of customisation options and additional features for gamers looking to tweak their playing experience. At over double the standard Xbox One …

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Activision stock price closes 7.5% up following King purchase

Activision Blizzard’s share price reached a record high following the announcement it will be acquiring Candy Crush company King. The publisher’s stock price reached $37 at lunch yesterday (Tuesday November 3rd), and closed at $35.82 at the end of trading. That is 7.5 per cent higher than its opening price …

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PlayStation Now catalogue gets 105 new games

PS4’s PlayStation Now streaming service has been expanded with the addition of 105 new titles, including more than 20 Capcom games. That brings the total count of the US offering of the on-demand game-streaming platform to 250 titles. Around a fifth of the new additions are Capcom games, such as …

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Konami confirms Metal Gear Online studio closure

Japanese publisher Konami has officially confirmed that its LA studio – responsible for development of Metal Gear Online – has been shut with immediate effect. In a statement to Polygon, the company said that all development resources were being restructured to be more centralised. This follows a rumour posted on …

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Vita-exclusive Civilization Revolution 2 Plus launches next month

An upgraded version of Civilization Revolution 2 will launch this December as a PS Vita-exclusive, Sony and 2K have announced. A post on thePlayStation Blogreveals Civilization Revolution 2 Plus will carry the same content as Firaxis and 2K’s 2014 mobile release of the same name, along with a few exclusive …

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Steam sees series of concurrent user records, topping out at 13.5m

Steam has seen multiple record-breaking spikes in concurrent user numbers over the past few weeks, peaking out at nearly 13.5m this weekend. Multiple reports – as well as Valve’sstats pagefor the service – show the game broke concurrent user record marks three times during the second half of October. The …

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