Game industry business news

Superdata: Console microtransactions hit $352m in 2013

Microtransactions on consoles accounted for approximately$352m in sales last year, research group Superdata has announced. The firm notes the microtransactions model – typically associated with the mobile market – is rapidly becoming more popular among console gamers. That $352m is strictly tied to small purchases tied to in-game economy, like …

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Bleszinski: Cancelling Minecraft on Oculus makes Notch look like a pouty kid

Famed developer Cliff Bleszinski has criticised Markus Persson for his decision to pull the plug on the Oculus Rift version of Minecraft. Persson announced the cancellation of the project just moments after news of the Facebook acquisition of Oculus was announced, saying: I just cancelled that deal. Facebook creeps me …

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Intergi sponsors MCV Awards 2014

Video games ad agency Intergi has joined the list of supporters for this year’s MCV Awards. Intergi has signed up as event partner for the evening, which takes place on April 10th at the London Lancaster Hotel and will be hosted by Channel 4 presenter and stand-up comedian Adam Hills. …

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DriveClub director Rodgers exits studio

The game director behind Evolution Studios’ upcoming racing game DriveClub has left the developer. As reported byVideogamer, Col Rodgers said he has quit the studio to form his own indie company, Big Red Switch Games. The developer claimed he had left for "purely personal reasons", and his departure was unrelated …

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No backdating for video games tax breaks

The Treasury has now confirmed that developers will not be able to claim back games tax relief. The claiming period will officially begin from April 1st 2014. A statement from UKIE read: "We can confirm that claims are not back dateable from the 1stof April 2013. Claims can be made …

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Chancellor: Games tax relief one of the most generous in the world

Conservative MP and UK Chancellor George Osborne has said that today’s confirmation of video games tax breaks will create new jobs in the sector. This is a key industry of the future and I want Britain to be one of its biggest centres,” he said. 95 per cent of UK …

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Facebook share price continues to fall

Having seen $10bn wiped off its value yesterday, Facebook has again got off to a troubled start on the markets today. Following its acquisition of Oculus for $2bn on Tuesday night, Facebook saw a seven per cent decline in its share price throughout yesterday, falling from $64.65 at the start …

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Revealed: The 100 most influential people working in the British video games industry

The latest issue of MCV has named the 100 most influential games industry executives. The inaugural MCV Brit List features men and women from all different disciplines supporting UK video game businesses. It also names a handful of the famous Brits flying the flag for UK creativity and intelligence on …

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UK video games tax breaks – who qualifies?

At long, long last UK video games tax breaks are upon us, but who is it precisely that qualifies? The draft legislation calls the relief a ‘tax relief for video game development’. The legislation does not define the term ‘video game’ and the intention behind this was to avoid including …

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