Game industry business news

CHINA: Online gaming grows 25%

The online games market in China is worth $5bn after growing 25 per cent in 2010. Pearl Research also forecasts the market will continue to grow and exceed $8bn by 2014. The predictions are part of a new study from the business intelligence firm on MMORPGs, casual games and key …

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GamesAid raises over £4,000 at MCV Awards

Over 4,000 was comfortably raised during last week’s MCV Industry Excellence Awards. Money was raised on the evening itself but MCV Online readers could also donate here before and after. The online fund raising will close this week, but so far 4,232 has been raised. If you would like a …

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HMV launches games trade-in app

HMV has launched a new Android and iPhone app that tells gamers how much their games are worth. Players can scan the barcode of their game (or in-put the details manually) and they app will come back with the most up-to-date price the gamer can expect to receive if they …

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Black Ops Escalation DLC dated

Black Ops’s Escalation map pack will be released on Tuesday, May 3rd. As part of the ongoing agreement between Microsoft and Activision, it will be exclusive to Xbox Live users first. The new DLC will feature five new multiplayer maps, including one "unique Zombies experience", according to Major Nelson. The …

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Former Ladbrokes CEO to take GAME Group chair?

GAME Group will apparently name Chris Bell as its new Chairman. The former Ladbrokes boss has already been on the retailer’s Board for eight years, and even served as interim CEO when several execs left the firm last year. Reports of his new appointment emerged from the Sunday Times (via …

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BioWare considering Mass Effect MMO?

The makers of Mass Effect have reiterated that the upcoming third instalment won’t have multiplayer, but the idea of an MMO appeals to them. In an interview with Game Informer, the series’ executive producer Casey Hudson said that BioWare has yet to find a way to bring traditional multiplayer to …

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Social gaming to be worth $5bn by 2015

The global market for social games is expected to create revenues of over $5 billion by the end of 2015. That’s according to research firm Parks Associates’ latest report, Social Gaming: Market Updates, in which the company claims the market is on course for a five-fold increase between 2010 and …

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Play.com gets Lazard backing for Euro growth

UK online retailer Play.com has hired Lazard Ltd to help it finance future growth. The investment firm will explore the possibilities afforded by the sales of a stake in Play.com, according to Bloomberg. The retailer will then be able to finance growth into new product categories and potentially expand into …

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