MCV/DEVELOP News, events, research and jobs from the games industry
Leading retail chains have pulled support for Habbo’s prepaid cards amidst allegations against the kids’ social network. Both Tesco and WH Smith have confirmed they will no longer stock the cards, according to Channel 4 news. The cards are used to buy furniture for the site’s online rooms. The move …
Read More »Zynga shares drop 10%
Zynga has seen its shares fall 10 per cent following a damning analyst report. Doug Kreutz of Cowen and Co said Facebook games were ‘in an accelerating user tail spin’. NASDAQ stock exchange has temporarily stopped short selling of stock. The CityVille developer closed today’s trading at $4.98, down from …
Read More »Xbox 360 gets Paramount movie app in US
Microsoft has added a new entertainment app to its Xbox Live service, this time as part of a partnership with Paramount Pictures. The new app will give Xbox 360 owners quicker access to Paramount movies. Films can be either rented or purchased in standard or high-definition and then streamed to …
Read More »Sony bosses take pay cut
Sony execs have taken pay cuts and returned their annual bonuses following four years of losses. The PlayStation parent has also asked shareholders to appoint a new Board of directors, which will include Hirai. Hirai only became CEO of Sony in April following years in charge of the PlayStation business. …
Read More »Zynga stocks dive 10% after analyst report
Nasdaq halts short-selling
Read More »Habbo labelled ‘paedophile haven’ by documentary
Report to highlight 'the extent of sexually explicit material on the social network'
Read More »Habbo boss responds to Channel 4 ‘paeodophile’ claims
The company behind kids social network Habbo is doing all it can to keep children safe, the firm’s CEO says. Habbo’s Paul LaFontaine has released a statement emphasizing the moderation and other safety measures the site has in place. His statement pre-empts a report that will run on Channel 4 …
Read More »Channel 4 News to describe Habbo as "paedophile haven"
Kids social network Habbo (formerly Habbo Hotel) will tonight be labelled as a paedophile haven” by a special report on Channel 4 News tonight. Kernel reports that the show will highlight the extent of sexually explicit material on the social network”, with one newspaper already preparing national coverage. It’s not …
Read More »THQ ‘will not continue to layoff staff’
'We have the appropriate number of teams and the appropriate number of people working on products', claims Rubin
Read More »Wii U "must cost under $300" to succeed
US analyst Michael Pachter believes that Nintendo must price the Wii U below $300 – that translates to 190 – if it is to succeed at retail. Ideally, he told CVG, he’d like to see it priced at $250 or less. That would mean a highly unlikely 161 in the …
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