MCV/DEVELOP News, events, research and jobs from the games industry
FarmVille, CityVille and the rest of Zynga’s portfolio are well-established as Facebook’s money-makers and now we know how much they are truly worth. Paperwork filed by Facebook ahead of its IPO shows that the social games firm accounted for 12 per cent of the $3.7bn revenues the site took in …
Read More »Disney acquires majority stake in UTV
The Walt Disney Company has obtained a controlling stake in UTV including the media firm’s games publishing arm UTV Ignition. Disney will be complete the acquisition shortly via a delisting action which will see UTV’s shares removed from local stock exchanges. It will start this process from February 6th, according …
Read More »Another games vet heads to Apple
Xbox Live marketing boss Robin Burrowes is the latest games exec to join Apple. Burrowes worked at Xbox for seven years, and was in charge of Xbox Live. He was one of the execs promoting the latest Xbox dashboard update, even attending London Games Conference and Gamescom last year. Prior …
Read More »GAME hints at possible international sell-off
UK retailer GAME has hinted at the possible sale of some of its international operations as it continues to fight for its life in the UK. In response to press speculation the GAME Group confirms that it is in ongoing dialogue with its lending syndicate to reach agreement on revised …
Read More »Sony stung by $1.1bn loss
Unfavourable exchange rate and PS3 price cut to blame, Sony claims
Read More »THQ to axe 240 staff
CEO to halve salary to $360,000
Read More »Sony Consumer Products report $1.099bn Q3 loss
The Consumer Products & Services division of Sony, which houses amongst other things its PlayStation business, has reported a loss of $1.009bn for the quarter ending December 31st 2011. Overall sales at the unit reached $12.776bn – an annual decline of almost 25 per cent. Amongst other things, the increased …
Read More »EA losses narrow as 2m buy Star Wars: Old Republic
You could almost smell the desperation in some quarters of the game press for EA’s Star Wars: The Old Republic to fail. Well guess what? It’s been a huge hit. Since its release in December the game has sold in excess of 2m copies worldwide, with 1.7 players signing up …
Read More »EA recognises the implications of potential GAME collapse
Publishing powerhouse EA last night admitted to concerns about the financial health of a "major European retail partner" thought to be GAME. As reported by MCV yesterday, GAME has been rocked by credit insurance issues forcing it into negotiations with publishing partners to secure stock of upcoming releases. "We are …
Read More »Latest THQ reorg will ditch 240 staff
240 staff from THQ will be impacted by its latest restructuring – over ten per cent of staff. In an SEC filings this evening, the firm detailed how the previously announced withdrawal from the kids’ licensed games market will hit its business. The resulting restructuring, the firm says, will "appropriately …
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