Game industry business news

Little Orbit and Cartoon Network partner up to release Adventure Time game

Little Orbit and Cartoon Network have announced they will be bringing new titles to gaming consoles and handheld devices this year. The duo will be releasing two new games. One will be based on Adventure Time while the other is set to feature a number of characters from Cartoon Network’s …

Read More »

GameStop narrowly misses revenue estimates as Q4 like-for-likes climb 7.8%

Global games retailer GameStop has reported a like-for-like sales increase of 7.8 per cent for the quarter ending February 1st. Sales for period grew from $3.56bn last year to $3.68bn, although this was short of the $3.79bn consensus estimate. Earnings fell from $261.1m last year to $220.5m. For the full …

Read More »

Jo Twist: "We are on our way to making the UK the best place to make and sell games"

The journey to finally get the tax production credits scheme in place for the games industry has been a long and sometimes rocky one. But this week, the industry had confirmation from the European Commission that, after a year of investigating whether there truly was a market failure for games …

Read More »

"Today we celebrate, tomorrow we prove we’re worth it" – games developers react to Tax Breaks

The biggest names in UK games development have told MCV that they’re overjoyed that the European Commission has rubberstamped tax breaks for UK studios. But they warn the hard work must begin now to prove they are worth the investment from the UK Government. Tax breaks for UK games developers …

Read More »

EC approves UK video games tax breaks

Tax breaks for the UK video games industry are happening. The ‘will they won’t they?’ saga that has rumbled on for years has now been green lit, as previously confirmed by MCV last week. The European Commission has concluded that UK plans to grant certain tax relief to producers of …

Read More »

Oculus Rift backers react in anger to Facebook buyout

A number of those who supported Oculus Rift’s Kickstarter campaign have lashed out at its sale to Facebook. Although there is nothing in Kickstarter’s T&Cs to prevent a company being acquired, many backers feel betrayed that their money has helped to fund a product that is now owned by Mark …

Read More »