Game industry business news

Ubisoft is currently working on up to 15 motion-controlled projects across Microsoft and Sony’s forthcoming hardware, with the majority slated for the highly anticipated Project Natal. During the publisher’s fiscal first half results call to investors, CEO Yves Guillemot revealed the company’s support for Natal is almost double of that …

Not wanting to be outdone by Sony, Microsoft has claimed that Xbox 360 enjoyed its best US sales week of 2009 over Thanksgiving – though it has stopped short of giving us exact numbers. Director of product management Aaron Greenberg said on Twitter: Great Black Friday results just in, biggest …

While Nintendo had to contend with year-on-year decreases in Wii sales for the crucial Thanksgiving week at North American retail, Sony claims that the PS3 enjoyed its strongest ever sales performance in the period. In total, the recently resigned and slimmed down machine shifted 400k units in the week ending …

Planning a strong push into the games sector, social network hi5 has hired outspoken industry veteran Alex St. John as president and chief technology officer. Until late last year, St. John was CEO of online gaming destination WildTangent. Previously, he was a Microsoft bigwig, whose credits include co-creating DirectX. His …

US Wii sales for the crucial Thanksgiving week checked in at 550,000 units, according to Nintendo, down from 800,000 last year. Nintendo said it was happy with the result, following 2008’s high peaks. The firm recently dropped the console’s price $50 to $199 to stimulate demand in the console, which …

Despite announcing a drastic drop in sales for its half-year, and a loss of 78m euros, Ubisoft says strong sales of Assassin’s Creed II – up 32 per cent on the original game in its first week – point to a bright future for big name franchises. The firm’s R&D …

The man who secretly revealed Natal in 2007 makes new indications for Microsoftâ??s future

Publisherâ??s CEO Yves Guillemot indicates a move away from the Wii and towards Sony and Microsoft

In a surprise announcement, Ubisoft has revealed that a brand new Prince of Persia game is in development and will be released in May of next year – to coincide with the theatrical release of the associated movie. Dubbed Prince of Persia: The Forgotten Sands, the game hopes to build …

Shareholders praise Xendexâ??s progression through the recession