Game industry business news

Producer admits inundating the market has tarnished the franchise

Pre-tax profits rise to £58 million as Minecraft continues to enjoy huge success

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. …

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 …

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 …

After a sell-out event in 2012 Intent Media is happy to announce details of the London Games Conference 2013. The event will return on Wednesday, November 13th and ishosted once again at One Wimpole Street, London. In 2012 the London Game Conference focussed on digital distribution and discovery. In 2013 …

UKIE GfK Chart-Track has confirmed MCV’s earlier report that Namco Bandai’s Ni No Kuni: Wrath of the White Witch is the new UK No.1. Last week’s No.1, Activision’s Call of Duty: Black Ops II drops to third place, with EA’s FIFA 13 holding firm at No.2. Square Enix’s Hitman: HD …

Administrator Deloitte is preparing to close anything up to 100 HMV stores, reports claim. The Telegraph reports that between 60-100 stores face the chop, although they will likely remain open until they have exhausted their stock – possibly short-term good news for consumers, at least. The final list of stores …

Rumours suggest that Ziff Davis is on the brink of an acquisition of IGN. Bloomberg reckons IGN owner News International is willing to accept a figure below $100m for the company. As well as its gaming, movie and TV operations, IGN also owns Gamespy.com and Askmen.com. The move comes as …

EA is closing in on a couple of milestones for its Madden NFL franchise. The publisher has announced that the game will celebrate its 25th anniversary by ditching the upcoming season’s year in the title for Madden NFL 25. The game is set to launch on August 27th. EA has …