Game industry business news

HMV Tweeter refuses to apologise for online outburst

The woman behind HMV’s famed Twitter outburst last week has refused to apologise for her actions. Last Thursday administrator Deloitte shed around 60 jobs from the retailer’s head office – one of whom was Poppy Rose, who was also in charge of HMV’s Twitter account. Here’s a look at the …

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j2 Global’s Ziff Davis seals IGN acquisition

As reported by MCV this morning, j2 Global subsidiary Ziff Davis has acquired IGN Entertainment from owner News Corp. Ziff Davis now houses brands such as 1UP.com, AskMen.com, PCMAG.com, Geek.com, Toolbox.com and UGO.com. Adding IGN positions it as one of the world’s largest digital publishers spanning some 53m monthly users …

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Further digital growth at Future as UK leads the way

Future PLC has announced digital revenue growth of 24 per cent for its most recent financial quarter. Overall group revenues were down three per cent, although the UK outperformed this with revenues falling just one per cent. Furthermore, Future’s US operations remain on track for profitability in 2013, despite further …

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Capcom profits soar despite Resident Evil 6 "failure"

It’s been a good for the first three quarters of Capcom’s financial year despite what the company itself describes as the failure” of Resident Evil 6. Net sales for the period ending December 31st 2012 soared 44.6 per cent at 72,699m while operating income jumped 45.9 per cent to 9,838m. …

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HMV sells its G-A-Y shares

Troubled retailer HMV has sold its shares in nightclub chain G-A-Y Limited, administrator Deloitte has confirmed. G-A-Y founder and fellow shareholder Jeremy Joseph has moved to acquire a majority shareholding. "We are pleased to have completed the sale of HMV’s shareholding in G-A-Y to the natural purchaser of this stake …

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Blockbuster administrator: "We are fighting in the trenches"

The lead administrator at Blockbuster has issues a grave warning to workers at the retailer. Lee Manning told The Telegraph that 160 Blockbuster stores are likely to close in the near future, threatening 1,000 jobs. Blockbuster operated over 500 stores in the UK although over 100 have closed since administration …

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