Game industry business news

Tax dodgers flee Channel Islands

Online entertainment retailers are preparing to leave the Channel Islands after the UK Government said it will close the VAT loophole next April. MCV understands online retail behemoths may move to Asia, Switzerland and even the US to avoid paying tax on CDs, DVDs and some games. For years, campaigners …

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Games retail on fire as blockbuster Q4 heats up

Call of Duty triggered its customary retail surge, but the games that dared go up against it were also victorious. Last week was the UK games market’s biggest week ever in terms of revenues, bringing in 120.8m.More than 3m games were sold. While Modern Warfare 3 accounted for most, GfK …

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Man accused of $100k Zynga theft is arrested

A temp worker at Zynga’s San Francisco studio has been arrested on suspicion of stealing $100,000 worth of equipment and merchandise. Keith Brown, 21, from San Ramon, was arrested at the company’s headquarters on Tuesday, according to District Attorney’s Office spokesman Omid Talai, as reported byThe SF Examiner.The alleged thefts …

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GOG.com hopes to add newer games to catalogue

The managing director of digital games retailer GOG.com has said that the service hopes to add newer titles to its catalogue in 2012. Until now GOG, which stands for Good Old Games, has until now specialised in the sale of older, retro titles, all of which are free of any …

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Digital sales lead strong quarter for GameStop

Global games retailer GameStop has posted a solid set of Q3 numbers amidst a background of widespread financial unease. Total sales for the quarter ending October 29th hit $1.95bn, a year-on-year increase of 2.5 per cent. Like-for-like sales slipped by 0.6 per cent. Net earnings fell from $54.7m to $53.9m. …

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Asda debuts £40 Blu-ray player

Supermarket chain Asda is kicking off its drive to win the Christmas market with a discount Blu-ray player offer. The retailer is selling the ONN DS-BD52 Blu-ray and DVD player for just 40. The unit includes HDMI, composite and digital coaxial audio ports. It is available both in-store and online, …

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eBay opens UK High Street outlet

Online auction giant eBay is to open its first bricks and mortar store in the UK. The one-off five-day experiment will be located just off London’s Oxford Street and will trade between December 1st-5th. Interestingly, the shop itself will have a very limited selection of stock and no tills. Instead, …

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