Game industry business news

Irata Labs acquired as Murdochâ??s business warms to games

Brand new handheld title Yakuza: Project K is currently in development according to pictures and details from Sega in Japanese games magazine Famitsu, making it the first PSP title in the series. The game, first thought to be Yakuza 5 on PS3, was originally announced back in March at the …

Where GAME goes from here will depend on the vision of its next CEO. It is a crucial appointment that the board must get right. But, in the meantime, Lisa Morgan’s role in turning a mid-size UK retail chain into an international giant must not be under-estimated. On joining from …

Rupert Murdoch’s high-profile entry into the video games sector has been talked about for years, though whether the acquisition of Irata Labs is really the beginning of a new era for News Corp is certainly up for debate. The buyout of the three-man San Francisco studio does add a new …

Apple’s profits have almost doubled as sales of iPhone leap 131 per cent. For the quarter ending March 27th, the firm posted net quarterly profit of $3.07 billion (2bn), compared to $1.62 billion (1.05bn) during the same period a year ago. The company’s revenues were up from $9.08bn a year …

Apple has confirmed that the Wi-Fi + 3G models of its iPad will be delivered to US customers who’ve pre-ordered on April 30th. They will also be available in Apple retail stores the on the same day from 5pm. The Wi-Fi + 3G will be priced at $629 for the …

This morning’s news of wholesale changes at GAME Group have sent shockwaves through the industry and its share price tumbling. On a day when tough trading conditions have finally been brought into focus for the entire business, erstwhile chief executive Lisa Morgan has stepped down after 14 years of service. …

Lord of the Rings MMO studio no longer independent

So-called brain training games have zero positive benefits on the intelligence of players, according to new research. A study by BBC Labs UK, tested 12,000 viewers of the TV show Bang Goes the Theory to practice a series of online tasks for ten minutes a day over a period of …

Capcom lifted the embargo on a host of high-profile titles today, outlining the releases that will shape its schedule for the next 12 months. You can see four of them here – all courtesy of Joystiq: