Game industry business news

Xbox hardware supplies have overtaken demand, Microsoft says

Microsoft CFO Amy Hood has told investors that there will be a "channel inventory drawdown for Xbox consoles". An inventory drawdown is the process of reducing the amount of available inventory of a product which, as Gamasutra points out, implies that Microsoft has produced more Xbox consoles than it is …

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PC games revenue overtakes consoles – report

The PC games market has now surpassed the console gaming sector in terms of revenues, an analyst has claimed. DFC Intelligence owner David Cole told PCR: "On a global basis PC games have surpassed console games but the new console systems means consoles should show an increase. "The MOBA games …

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Boxed release inbound for Goat Simulator

Koch Media is getting its bovid love on by stepping up to the plat to publish a physical version of Goat Simulator. Joystiq reports that developer Coffee Stain Studios has team up with the Saints Row, Dead Island and Metro publisher for a boxed release for the game, which until …

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Famed Dark Souls modder launches Dark Souls II graphics tool

The man who famously ‘fixed’ the troubled PC version of Dark Souls surprised the gaming world last night by debuting a new program alongside Dark Souls II. Durante last night launched GeDoSaTo (Generic Downsampling Tool), a tool designed to facilitate, amongst other things, downsampling – that’s the process of rendering …

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Technical issues disrupt Soulcalibur: Lost Swords

Bandai Namco’s free-to-play Soulcalibur game has endured a disastrous start to life. CVG reports that an unspecified technical issue” has left Soulcalibur: Lost Swords virtually unplayable for a significant portion of players following its release on PSN in America this week. "There is currently a technical issue that has delayed …

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Xbox One sold 1.2m in last quarter as Xbox revenue rises

Microsoft has said that it sold 1.2m Xbox One consoles in the quarter ending March 31st. The platform holder hasn’t said how many consoles it has sold in total. In January when it said it had shipped 3.9m Xbox Ones and then last week it said that number had climbed …

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Omni VR treadmill creators get $3m investment

Virtuix has announced it has completed a $3m round of seed invesement for its successful Kickstarter VR treadmill project, Omni. Games Industry reports the company announced today that the funding is being led by Tekton Ventures and Maveron, with contributions coming from Scentan Ventures, Radical Investments, Scout Ventures, StartCaps Ventures, …

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