Game industry business news

Gift vouchers and store credit not being accepted at HMV this morning

It was the one question we were asked more than any other last night – will customers be able to spend their gift vouchers and store credit in HMV today? And the answer, sadly, is no. Administrators have confirmed this morning that consumers will not be able to use gift …

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Metal Gear Rising: Revengeance demo next week

A playable demo for Metal Gear Rising: Revengeance is set for release on Xbox Live and PSN next week. While the demo will be available in the US on 22nd January, it is expected to be available on the respective Indian stores the next day. In a departure for the …

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NRA launches Practice Range educational game on iOS

A National Rifle Association-licensed educational game has been made available on Apple’s App Store. Entitled NRA: Practice Range, the free app looks to provide education on firearm safety and training. According to the game description, it is targeted at players aged 4+ and up. The FPS allows players to fire …

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Fire Emblem: Awakening 3DS bundle to launch alongside game

Nintendo of America has announced pricing and release date info for its Fire Emblem: Awakening 3DS bundle. The recently revealed hardware bundle will arrive in the US and Canada alongside the launch of Awakening itself on February 4th, and retail at $199.99. The package offers a customized blue 3DS (note: …

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Majesco Q4 and FY2012 report confirms closures

Majesco has released its financial report for both the fourth quarter and full year of fiscal 2012, sharing sales data for its products as well as confirming previously reported job cuts. The publisher reported net revenue of $26.6m for Q4, which marked a six per cent increase from the same …

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HMV confirms intention to enter administration

Retailer HMV has filed notice to appoint administrators. HMV’s shares have been suspended from trading on the London Stock Exchange with immediate effect. It is understood that administrators Deloitte will keep all stores open while it searches for a potential buyer. Here’s HMV’s full statement: On 13 December 2012, the …

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Suppliers’ refusal to answer HMV’s £300m call for help led to administration – report

Tonight’s anticipated collapse of HMV came about after suppliers ignored the retailer’s latest plea for help. That’s according to The Financial Times, which reports that HMV directors last week asked suppliers for yet another financial lifeline to keep the chain aloft – this time to the tune of 300m. That …

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HMV "to enter administration tomorrow morning"

It looks like the time has come for HMV. Having reported just moments ago that the HMV board are tonight holding discussions about what action to take next, mutiple sources are now claiming that the retailer will enter administration in the morning. The Telegraph reports that HMV going into administration …

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HMV board holds crunch talks as retailer ponders administration

The directors of beleaguered retailer HMV are said to be locked in emergency talks tonight as the retailer considers entering administration. Sky News reports that a number of options are currently being discussed amongst execs, one of which is administration. However, further action from lenders could yet give HMV a …

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Apple iPads "on a twice-a-year refresh cycle"

More rumours. And again they’re about March! Apple Insider has word from Brian White of Topeka Capital Markets who claims that tech bigwigs at last week’s CES show in LA told him that Apple’s tablet machines are now on a twice-a-year refresh cycle. This means that both the iPad Mini …

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