Game industry business news

THQ netted $6.55m from final IP sale

The financial terms of the final round of THQ’s IP auctions has been divulged. Nordic’s swoop for a host of IP including Darksiders, Red Faction and Destroy All Humans was valued at $4.9m. Gearbox, meanwhile, paid a not insignificant $1.35m for the Homeworld IP. Also confirmed was the sale of …

Read More »

Crysis, Portal 2, Left 4 Dead publisher EA Partners to shut down – reports

EA Partners, the publishing label through which EA published games developed by external independent developers, is being shut down, reports have suggested. The news comes from Game Informer, which has quoted multiple sources as saying that the move is part of an EA restructuring, which recently saw the departure of …

Read More »

Okami-related announcement planned for next week

Capcom has teased a reveal for something regarding Okami. IGN points to a post on the franchise’s official Japanese Twitter account, translating to: "Hello, this is Okami news. Sorry I’ve been kind of out of touch lately, but I have the feeling we’ll be able to drop a fresh announcement …

Read More »

Zynga Q1: Net income up, active users down

Zynga has posted its financial reports for Q1 2013, showing a mixed-bag of results for the social gaming firm. Farmville 2 showed good legs, with 40m active users each month. Zynga stated the game exceeded company expectations and called it a breakout hit.” Net income was up $4.1m overall, a …

Read More »

Report: EA Partners label shutting down

EA is reportedly set to close EA Partners, the firm’s program for providing contract-based publishing services for third-party developers. Game Informer cites multiple anonymous sources close to the matter” that state the label will soon shut down. Partners previously brought about partnerships with the likes of Harmonix (Rock Band), Valve …

Read More »

No Nintendo stage presentation at E3 2013

Nintendo will not hold a traditional large-scale stage presentation at E3 this year, the company has announced. Traditionally, the big three console makers – Sony, Microsoft and Nintendo – hold large presentations prior to E3, showcasing their new products and future plans to media, analysts and trade partners. This year, …

Read More »

No E3 press conference for Nintendo

Nintendo will not be hosting a press conference at E3 this year. Traditionally, Nintendo has held a Tuesday briefing to show off new software and/or hardware to a mixed audience of press, investors, retailers and publishing partners. But speaking in a Q&A with investors last night, Nintendo president Satoru Iwata …

Read More »

Next Xbox reveal confirmed for 21st May

Microsoft will finally unveil its next-gen Xbox plans next month with an event in the US on 21st May,confirming earlier reports. Invites have been sent out to select press and the event has also been confirmed by Xbox community head Larry Major Nelson” Hryb. On Tuesday May 21st, we’ll mark …

Read More »