Game industry business news

Buyout sets Pirate Bay on the road to legality

Whether or not the previous owners of Swedish file-sharing portal The Pirate Bay succeed in over-turning their prosecution in the increasingly protracted legal saga, it seems that The Pirate Bay as we know it is no longer. Swedish software firm and internet caf network Global Gaming Factory X is reported …

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US: Sony’s PS3 titles struggle to hit 1m

A new report from GameSetWatch shows that to date only one Sony published PS3 exclusive title, Insomniac’s Resistance: Fall of Man, has sold over 1m units in North America in the two and a half years that PS3 has been on the market. The only other title to even near …

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US: Pre-owned market worth $2bn

Games market analyst Michael Pachter has stated that the pre-owned games market in North Ameica is worth around $2bn annually, with 100m units sold in stores across the region each year. A quick calculation will tell you that the average sale price of a pre-owned title is $20 (12). The …

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HMV profits up 18.4%

Entertainment giant HMV Group has seen its annual revenues rise 4.4 per cent to 1.96 billion for the financial year ending April 25th. After tax profits have reached 44.2 million, an increase of 18.4 per cent over the year before. Like-for-like sales for HMV UK and Ireland rose 1.9 per …

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Sony welcomes new deputy president

Sony Computer Entertainment’s Kunimasa Suzuki, who has been with the company since 1984, has now assumed a new role as the company’s deputy president. As reported by Gamasutra, Suzuki will also maintain his current responsibilities as SCE networked products and services executive. Suzuki is to focus his efforts on Sony’s …

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UK games markets weekly value holds firm

The UK video games market weekly value has held firm after falling 14 per cent over the past two weeks. According to MCV calculations, based on today’s Gfk-ChartTrack/ELSPA weekly report, the UK market has hit 20.3 million for the weekend ending June 27th. Unit sales dipped two per cent to …

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MTV Games snaps up Guthrie and Cox

MTV Games has announced it has signed up former THQ man Scott Guthrie and Sony Computer Entertainment Amercia’s David Cox. Guthrie previously worked as executive vice president of publishing for THQ’s North Amercian arm, but left recently to ‘pursue another opportunity’. He now takes up his new role as MTV …

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