Game industry business news

JoWooD declares insolvency

European developer and publisher JoWooD Entertainment has entered a state of insolvency. The Austria-based firm announced on its corporate website that all efforts towards restructuring of capitalisation concerning outside capital as well as equality capital had to be considered as failed”. As such, it has declared material insolvency. JoWooD has …

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Mac App Store downloads reach 1m

Apple has confirmed that 1m apps have been downloaded from the Mac App Store in its first 24 hours. There are already 1,000 free and paid apps available for Mac across categories such as games, education, graphics, lifestyle and productivity. Early users have been wowed by the ease at which …

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IGN and GameStop tie digital deal

GameStop’s growing ambitions in the digital space have received another boost with news of a new agreement with IGN Entertainment. The online media giant will take on advertising and sponsorship duties for GameStop.com and GameInformer.com. Furthermore, GameStop will integrate IGN content such as previews and reviews as well as editorial …

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PS Move is doing ‘phenomenally’

With the new breed of motion control filling the stop-gap left by where we would once expect a new console cycle, analysts have expressed their delight at the festive performance of both PlayStation Move and Xbox 360 Kinect. "Among all the analysts, I was the most bullish, forecasting five to …

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Developer Relentless quits retail

UK independent studio Relentless will step away from the retail games market and has ended its exclusivity agreement with Sony, the group’s co-founder has said. The Brighton-based studio, founded in 2003, based its trade on the successful Buzz retail games for PlayStation devices. Yet its co-founder Andrew Eades believes the …

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2011 – An industry’s hopes

The market may have dipped, but 2010 boasted the biggest entertainment launch of all time, some major reveals and a fair bit of drama, too. But never one to rest on its laurels, the industry has even bigger aspirations. And we have them all. To read our full feature, which …

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Sony reveals 3D headset prototype

Sony has unveiled a 3D headset concept that could allow gamers to play future titles without the need for a screen. It is worn like a visor over the user’s eyes and shapes around their head with in-built headphones, reports VG247. It features two displays – one for each eye …

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2K Sports sponsor ESPN NBA show

2K Sports has signed a sponsorship deal with ESPN to become the official sponsor of the broadcaster’s live NBA coverage in 2011. Promos for the publisher’s NBA 2K11 will run around almost 100 basketball games, including the NBA Playoffs and Finals. 2K will also sponsor NBA Action, a series that …

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