Game industry business news

Nintendo cuts Wii U sales forecasts despite profits increase

Nintendo now expects to sell 4m Wii U units by the end of the current financial year. That’s down from its previous 5.5m unit sales forecast. It has also lowered its projected 3DS sales from 17.5m to 15m units. The company also revealed that lifetime Wii U sales now stand …

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Gameloft shuts down Hyderabad studio; around 200 left jobless

In a surprise move, Gameloft has shut down its Hyderabad studio, resulting in a loss of around 200 jobs. An inside source has told MCV that employees were informed of the closure on Tuesday. They were then asked to pack up and vacate the office and not report to work …

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Steam concurrent user growth rate up significantly compared to 2012

Valve’s PC digital distribution platform Steam is currently growing 300 per cent faster than it was a year ago. PC Gamer reports Steam reached the high point of 6.6m concurrent users online this month, compared to 5m users in January 2012. The 6m mark was surpassed in November, meaning Steam …

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Monaco dev calls out Kickstarter stretch goals’ ‘variable budget’ effect

Andy Schatz, developer of the upcoming award-winning indie Monaco, has expressed his concern with Kickstarter stretch goals – calling the idea total bullshit” when going about designing a game. Speaking to Penny Arcade Report, Schatz stated that while happy for the people that have found success on the crowdfunding platform; …

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Preorder DLC announced for Tomb Raider in India

With Tomb Raider a little more than a month away from release, distributor E-xpress Interactive has kickstarted the game’s preorder campaign in India. The preorder DLC differs from retailer to retailer. While some retailers are offering the Combat Strike Pack on preorders, others are offering the Explorer Bundle Pack. Combat …

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Spector departs Disney as Junction Point Studios shut down

Disney has confirmed the closure of Junction Point, following last night’s murmurings that Warren Spector’s studio had gone under. The developer was responsible for the Epic Mickey franchise, which saw low sales numbers for its latest offering Epic Mickey 2. According to Joystiq, the game has sold just 529,000 units …

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Playjam unveils final GameStick design

Upcoming Kickstarter-backed Android console GameStick has at last been pictured in its final guise. Creator PlayJam has published pictures of the final hardware, which can be seen below. Chief amongst the improvements is a tweak to the form factor to add extended hand grips and the addition of a 32BG …

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