Game industry business news

Disney’s Brave due in July

The video game adaptation of Disney Pixar’s latest movie will arrive in the UK on July 27th. Brave: The Video Game is in development for Xbox 360, PS3, Wii, DS, PC and Mac. It follows the events of its cinematic namesake with players taking on the role of Merida, a …

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Weak sales prompt Western restructure for Sega

Sega has declared it will "streamline" its operations in the U.S and Europe after poor sales of its new titles last year. In its financial results for FY2012, the publisher reported total sales of packaged games had dropped to 17.2m units, a year-on-year decline of eight per cent. Sega said …

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Minecraft on 360 breaks XBLA sales records

Minecraft: Xbox 360 Edition has smashed all previous Xbox Live Arcade sales records after selling the most units in just 24 hours. The downloadable title – priced at 1,600 Microsoft Points (around 15) – went on sale on Wednesday, May 9th. Within its first hour on sale it had become …

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505 thanks retail for Sniper chart success

Publisher 505 Games is toasting retail this week as Sniper Elite V2 hit the top of the charts. The shooter was comfortably the biggest seller, besting action rival Prototype 2.505 says the game’s success was due to the ‘amazing’ support from its retail partners, which included GAME in Milton Keynes …

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Sony shares fall to 31-year low in Japan

Sony Corporation’s share price has fallen to its lowest position in a generation in both Japan and the United States. One day after Sony reported a 3.5bn loss for the financial year, Sony’s shares on the Tokyo Stock exchange hit a 31-year low, while its price on the New York …

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Konami looks to new platforms as profits surge

Konami has ended its financial year on the up, showing that profits almost doubled year on year. Although revenues were mostly flat, with just three per cent growth to 265,758 million (€2.6bn – or 2.08bn) for the year ending March 31st, 2012, operating income was 40,950 million (€396m – or …

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iPad Mini to launch in October?

Rumours suggest Apple will release a smaller iPad this Autumn at a lower price point. Dubbed the iPad Mini, the new device will reportedly boast a 7-inch Retina Display, according to iMore (via Stuff). It will initially only be available as an 8GB model. Sources also claim it will retail …

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GameStop sales fall but chain ‘outperforms market’

Same-store sales at US retailer GameStop dropped 12.5 per cent year-on-year. These include sales at stores which have been open for at least one year, and exclude revenue generated at newer shops. The games chain blamed the decline on a lower demand for new games, but said it had outperformed …

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Blockbuster partners with IGN to promote VIP Gamer scheme

High Street retailer Blockbuster has struck a deal with media giant IGN to promote its new customer reward scheme VIP Gamer. An IGN Recommends microsite will showcase the retailer’s latest game competitions and deals to an audience of more than three million. Blockbuster VIP Gamer was unveiled earlier this week. …

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Dixons reports 3% like-for-like sales dip

Dixons Retail says its like-for-like sales fell three per cent for the 52 weeks ending April 28th, while overall sales remained flat. The group – which owns PC World, Currys, Dixons and other retail chains worldwide – ‘enjoyed good performances in the UK and Ireland and Northern Europe, trading ahead …

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