Game industry business news

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. …

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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 …

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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 …

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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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Join the LittleBigPlanet Vita beta now

The Vita version of LittleBigPlanet, which has received quite a lot of good press at E3, has been in closed beta for a while, and you can now get in on the action yourself. Head over to this link and simply log in using your PSN credentials. You will automatically …

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Nintendo cuts staff bonuses by 20%, report claims

Nintendo is to cut its employees’ summer bonuses by 20 per cent after poor performance this year, according to a report. Japanese business outletNikkeiclaims that the console giant has taken the action after declining demand for Wii hardware and software. The decision to make cuts comes despite the Nintendo 3DS …

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26 jobs lost at Operation Raccoon City dev

Slant Six has announced that 26 employees at the studio have been given a choice between a temporary layoff and a severance package, as the developer seeks to cut costs while taking on additional projects. The studio’s latest release, Resident Evil: Operation Raccoon City, was considered a great success by …

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