Game industry business news

Square Enix on track for FY2013 sales and income boost

Japanese publisher Square Enix believes it is on track to see an increase in both net sales and net income for the current financial year. That’s despite posting an operating loss of 1,163m for the three months ending June 2012, which is down from the 2,178m profit posted in the …

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VIDEO: Molydeux reveals truth behind Microsoft departure

Parody Twitter account @petermolydeux has upped its game. Not content with playing a part in Peter Molyneux’s real-life departure from Lionhead and Microsoft, the prankster has now gone live with a video that reveals the real reason why the legendary UK developer went solo. This is a rough video edit …

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Source 2 next-gen engine named in Valve files

Hidden in Valve’s Source Filmmaker are files that point to a next generation Source 2 engine, perhaps providing a reasonable explanation for why the company has yet to produce Half-Life 3. Valvetime.net uncovered files that carry several lines of code reference to ‘Source 2′, suggesting the studio is working on …

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THQ Q1: $15m net income; Insane returned to Guillermo del Toro

THQ has announced financial results for its past quarter, with the troubled publisher reporting a profitable period following heavy restructuring. Net income for the company’s Q1 FY2013 came in at $15m, according to THQ’s report. Total sales were down year over year at $133.7m compared to 195.2m in 2011, but …

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Sony announces PS3 Collections for God of War, Infamous

Sony has announced PS3 Collections, a line-up of first-party PS3 game bundles that combines multiple games from a franchise in one package, along with some added content. The first three titles for the PS3 Collections line-up are the Ratchet & Clank Collection, the Infamous Collection and the God of War …

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Day Z reaches one million unique users

Independently developed Arma II mod Day Z has passed the one million registered users milestone. It’s a tremendous achievement for creator Dean Hall, whose creation – which is completely free to download – has become one of the hottest properties in gaming since its release in June of this year. …

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Dare Blogs – Dapper Hat Games

Dare to be Digital 2012 competitors Dapper Hat Games talk exclusively to Develop about working on their entry title Mr Montgomeryâ??s Debonair Facial Hair

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Pre-owned injects $1.8bn into US games market every year

Consumers’ ability to trade-in games at GameStop contributes $1.8bn to the US games industry every year, the retailer has claimed. Revealing that 70 per cent of all income derived from used games is immediately spent on new titles, GameStop president Paul Raines told Gamasutra that it’s proud of how it …

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