Game industry business news

Take-Two guidance points to GTA V in early 2013

The financial guidance offered by Take-Two means that Grand Theft Auto V will be released by April 13th at the latest. That’s the predictions of Cowen & Company analyst Doug Creutz. Full year FY13 guidance for net revenues is $1.75bn-$1.85bn,” Creutz observed. "We believe management could not provide this level …

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Bungie’s $60,000,000 Activision marathon

Sixty million dollars. That’s how much Bungie could receive in bonuses if it hits all of the milestones set in its publishing deal with Activision. As revealed by court papers and reported by Develop, Bungie has been set a string of targets for the partnership that could pay out big …

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BioWare sheds staff from The Old Republic

EA-owned developer BioWare has confirmed an unspecified number of job losses from its Star Wars: The Old Republic team. The ambitious MMO finally launched late last year and has, by all account, been a success. How its user numbers have fared since launch depends on who you talk to and …

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ONM ‘refresh’ due as Nair returns and Long departs

Future’s Official Nintendo Magazine is to get a refresh ahead of the Wii U launch later this year, the firm has told MCV. Former editor-in-chief Chandra Nair has returned to oversee the revamp and new platforms development.Nair was previously System 3 brand manager. He helped launch ONM when Future nabbed …

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CVG bumps up Robinson, adds Crossley, Houlihan goes digital

Finally, CVG has named its new editor: long-serving staff member Andy Robinson. The role has officially been vacant since Tim Ingham became Music Week editor last year, but this week Future confirmed the key promotion for Robinson, who has written for the site since joining in 2005. Future’s popular site …

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Key promotions and new talent for Intent Media’s leading games brands

Rising stars of games journalism are joining leading trade publications MCV and Develop – as existing team members score top promotions. From June 1st, MCV’s deputy editor Chris Dring becomes associate editor.At the same time, staff writer James Batchelor becomes deputy editor.Both will increase their magazine responsibilities while still contributing …

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No buyer yet for GAME Australia

PriceWaterhouseCoopers, administrators for GAME Australia, today announced some interest, but no solid buyer yet for the company. In a statement released today, PwC outlined that its first meeting with GAME’s creditors took place yesterday after the deadline was reached for expressions of interest in buying the company out. At the …

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Red Orchestra 2 GOTY edition announced

Tripwire Interactive has announced a GOTY edition for its WWII shooter sequel Red Orchestra 2: Heroes of Stalingrad. To celebrate the announcement, the developer is releasing free DLC for current owners of the game as well as throwing a free Steam weekend for anyone with a Steam account who’d like …

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Modern Warfare 3 Content Collection 2 out now on Xbox 360

The second Modern Warfare 3 content drop has arrived on Xbox 360, Activision has announced. Content Collection #2 packs five new maps: Getaway, Lookout, Sanctuary, Foundation, and Oasis; as well as two spec ops missions in Kill Switch and Iron Clad. Thus far the content collections are how MW3 DLC …

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