Game industry business news

Square ups income estimates 148%

Square Enix holdings has doubled its net income projections from $19m to $47m after revising its financial forecasts, the company has announced. The group also changed its predicted net sales for the six months ending September 30th, which went up 1.8 per cent to $730m, whilst forecasts for operating income …

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Ubisoft bemoans critical response to innovation

As much as [reviewers] claim they want innovation, they don’t.” That’s the assessment of Ubisoft’s North American executive director Laurent Detoc, speaking in response to the lukewarm reception afforded to recent release Rocksmith. Rocksmith tried to distinguish itself from the already crowded musical instrument category by attempting to be a …

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F1 2011 slated for 3DS release

Codemasters will release a 3DS version of successful racer F1 2011 on November 25th in the UK and Europe. It’s the first time a Formula One game has been available in 3D. This new version includes most of the features found in the console versions, such as all of the …

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Nintendo dominates 2011 European sales charts

Ten of the 20 best-selling games in Europe this year have been published on Nintendo formats. The platform holder revealed the top-selling games for the first nine months of 2011 in Europe, the US and Japan as part of its half-year financial results briefing. The data was taken from GfK …

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Ratcliffe reboots GaBoom

Online games swap shop GaBoom has been relaunched. The portal is the brainchild of Jessica Ratcliffe, star of this year’s 30 Under 30 and former contestant on the BBC’s Dragon Den, where she tried to secure investment in the venture. As well as a new url, the site has streamlined …

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COUNTDOWN TO LONDON GAMES CONFERENCE: Apple cuts to the core

Move over, Miyamoto. Step aside, Steam. The games industry says former Apple CEO Steve Jobs and the iPhone were most influential thing to happen to interactive entertainment. A survey of over 1,000 industry execs has put the two at the top of the league tables when it comes to which …

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Silicon Knights lay-offs confirmed

The studio behind Too Human and X-Men Destiny has verified that a significant portion of its workforce has been let go. Silicon Knights’ CFO Mike Mays said that 45 employees have been laid off, with just under 40 workers remaining, according to the Financial Post. This is slightly better than …

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