Game industry business news

Valve’s Steam Box revealed at CES

The long-rumoured Steam Box has finally been revealed at CES in LA. Developed by the Utah-based Xi3, the hardware – currently going under the codename of ‘Piston’ – is designed specifically for use with Steam’s TV-friendly Big Picture mode. Xi3 has confirmed that it has received investment from Valve. The …

Read More »

Majesco shuts down Boston branch – report

Social games studio Majesco Boston has closed down, at least according to a former employee. GI.biz reports that the developer’s former senior producer Chris Pasley claimed as much in a Facebook update. I enjoyed my time at Majesco,” Pasley said. I hate that it ended so abruptly with the whole …

Read More »

Minecraft XBLA hits 5m copies sold

Mojang has revealed the latest milestone for its multi-platform hit Minecraft, announcing that the Xbox 360 Edition has reached 5m sales. Mojang’s Daniel Kaplan shared the info on Twitter, adding that the number was reached on the final day of 2012. The word comes just days after the company announced …

Read More »

Latest Humble Indie Bundle run brings in $2.65m

Another Humble Bundle has come and gone, and once again the promotion has delivered some big numbers. Humble Indie Bundle 7 ended up earning $2,650,204.55 during its limited availability, moving 395,917 bundles in the process. The funds will be split between the bundle’s developers, charity, and the Humble Bundle group …

Read More »

THQ IP to be sold title-by-title; EA confirmed as interested party

Creditors of bankrupt publisher THQ have won their fight to block the company’s sale to Clearwater Capital. MCV reported earlier today that creditors were unhappy with the pre-pack agreement in place with Clearwater because it prevented other parties entering the bidding process and potentially robbed them of maximum returns. Now …

Read More »

App Store vitals: 40bn downloads, 500m active accounts

Apple’s App Store has hit 40 billion downloads, less than a year afterreaching 25bn downloads back in March.The announcement follows Flurry’s study that showed1.76bn Android and iOS apps were downloaded in the last week of 2012. Apple certainly had a bumper December as the App Store reached 2bn downloads during …

Read More »

$8bn – the total losses made by Xbox 360 and PS3

The console sector is at a crossroads, and a look at the numbers behind Xbox 360 and PS3 make for uncomfortable reading. According to numbers presented by former EA and Sony man Ben Cousins on Kotaku, between them Xbox 360 and PS3 have left an $8bn black hole in the …

Read More »

FIFA 13 grabs its fifth UK No.1

Having dropped off the top of the listings back in October, EA’s FIFA 13 is back at the top of the Gfk Chart-Track All Formats Top 40. It’s the game’s fifth No.1 since it was released last September. It has yet to drop below 4th place. Last week’s No.1, Ubisoft’s …

Read More »