Game industry business news

THQ signs Double Fine

Tim Schafer has revealed the first of his studio’s four miniature digital titles – following EA’s decision to pull production on a Brutal Legend sequel. Publisher THQ has signed two of Schafer’s four games, the first being Costume Quest – a downloadable Halloween-based adventure RPG, set for release on 360 …

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Blockbuster preparing for bankruptcy

The long and drawn-out demise of US rental giant Blockbuster looks to be reaching a conclusion with predictions that the retailer could file for bankruptcy as soon as the end of the week. Home Media reports that Blockbuster’s attempts to recapitalise to allow a shift in focus to multiplatform distribution …

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Disney Interactive profits rise 13%

Disney has posted a $10m increase in profit for its Interactive arm in its fiscal year ending July 3rd. Games revenues rose 74 per cent to $197m – up from last year’s $113m, with Toy Story 3 and Split/Second: Velocity cited as the current quarter’s key releases. However Disney Interactive …

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US: Wii sales pass 30m

Nintendo has revealed that total unit sales of the Wii console have now passed 30m in the US in the 45 months that the machine has been on the market. More than any other videogame system in history, Wii has expanded the world of videogames to new audiences,” Nintendo of …

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Zattikka raising more cash and targeting acquisitions

UK online-only games publisher Zattika has set out its plan to buy up rivals and raise more money. In an exclusive and candid interview set to appear in MCV later this month, CEO Tim Chaney also admits that Kongregate had been a target ahead of its purchase by GameStop, whilst …

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Sledgehammer reveals first COD details

The co-founder of new studio Sledgehammer Games has teased the first details about the developer’s upcoming debut foray into the Call of Duty franchise. Speaking via Twitter, Glan Schofield stated: Three new employees started this week. We are growing fast but still make sure we maintain our high hiring standards. …

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