Game industry business news

INTERNATIONAL FACTFILE: India

According to the FICCI-KPMG Indian Media and Entertainment Industry Report 2012, the Indian games business was valued at 13bn Rupees ($259m) in 2011 – up 30 per cent. The market is expected to grow by 38 per cent to 18bn Rupees ($359m) in 2012 and to a staggering 46bn Rupees …

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Capcom profits down after "sluggish" year

It may not have impressed critics, but Resident Evil: Operation Raccoon City has delivered the goods for Capcom at retail. Not that it was enough to stop Capcom posting some disappointing numbers. Revenues for the fiscal year ending March 31st were down 16 per cent at $1.02bn. Profits fell 13 …

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UK CHARTS: Sniper Elite V2 guns down Prototype 2

505 Games is back at the top this week with Sniper Elite V2 debuting at No.1 on the UKIE GfK Chart-Track All Formats Top 40 this week. The game, developed by UK super-studio Rebellion, is the publisher’s first No.1 since is hugely successful Zumba Fitness dominated the listings last year. …

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Legal concerns decimate DeNA and Gree share price

Japan’s Consumer Affairs Agency has announced an investigation into how social games firms sell their microtransactions in Japan, causing shares in the country’s two major players to nosedive. Nikkei.com reports that shares in both DeNA and Gree – the two major players in Japan’s social gaming scene – plunged to …

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Japan getting Crystal White Vita

A Crystal White version of the PlayStation Vita will be released in japan on June 28th, Sony has confirmed. The arrival of new colour SKUs is no surprise considering the handheld’s ongoing struggle to gain traction, both in Sony’s homeland and overseas. The new model will retail for the same …

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Subscription based $99 Xbox 360 is real, on sale now

US gamers have become the first to be offered a cut-price console on the condition that they sign up for a two-year contract. And it’s a model that an increasing number of industry members believe will become the dominant delivery method for the next generation of consoles. Microsoft has gone …

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Google Play reaches 15 billion downloads

Google’s Android marketplace has surpassed 15bn app downloads since its launch in October of 2008. A company spokesperson told TechCrunch that the figure was passed for the newly-branded Google Play Store ‘a few weeks ago.’ TechCrunch proposed that Google tabs around 1bn app downloads per month, while Apple still leads …

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