Game industry business news

Obsidian’s XBLA action RPG ‘on hold’

Obsidian Entertainment has official word that its previously announced XBLA game, originally targeted for a Q1 2012 launch, is currently at an impasse. "That project is currently on hold; we are looking at where we might want to take it," CEO Feargus Urquhart told Joystiq. The original IP and action …

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Report – GAME has one week to raise £180m

GAME Group is in a race to secure 180m to pay creditors or face administration, The Sunday Times reports. The specialist giant apparently has a 21m rent payment due on Sunday, a 12m wage bill due shortly after, and owes more than 10m in deferred VAT and 40m to video …

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Lenders shun OpCapita’s GAME rescue bid

It appears that GAME’s chief lenders have thrust the retailer back toward the brink of administration by rejecting the offer tabled by Comet owner OpCapita. The Guardian reports that OpCapita’s plan to settle debts with chief lenders such as The Royal Bank of Scotland, as well as 40m worth of …

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MCV Jobs Weekly: The top vacancies

In MCV’s weekly rundown of the hottest vacancies and latest personnel news, Activision announces changes to its PR division and we look at the best job vacancies. Changes for Activision UK PR teamThe publisher has reshuffled its PR team. Lucy Donald went on maternity leave last Friday (March 9th).Adam Paris …

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F1 2012 green lit for September launch

The next iteration in Codemasters’ hit F1 series will be on the retail grid this September. The annual series follows a new multi-year deal Codemasters has signed with Formula One World Championships Limited. The game also features a new mode called Young Driver Test, which takes players closer to the …

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TV ads: Apple vs games publishers

Apple’s shadow over the video games market is there for all to see. We look at how its TV footprint compares to other games publishers’. This chart below demonstrates how deep Apple’s TV footprint is, fuelling high demand for iOS products. The extent of Apple’s TV advertising has resulted in …

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What can we learn from Street Fighter and Tekken?

Two of the biggest rivals in the beat ‘em up genre also happen to be best of friends. Christopher Dring discovers how Capcom and Namco Bandai are working together to grow the fighting genre for everyone… The showdown between Call of Duty and Battlefield last year got nasty. The war …

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UK games retail generated £17.9m last week

The UK games retail market rallied last week thanks to the release of EA’s Mass Effect 3 and Capcom’s Street Fighter X Tekken. The pair helped break a two-week decline, generating a 47.9 per cent increase in market value to 17.9m. Unit sales rose 27.2 per cent. However, the market …

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