Game industry business news

In an interview with The Guardian , SCEE boss David Reeves has claimed that PlayStation has to suffer a little” in the battle with its next-gen competitors, conceding that the machine’s high price has caused problems but insisting that the priority remains staying profitable – a goal the European PlayStation …

THQ has named Paul Pucino as its new chief financial officer and executive vice president. Pucino takes up his new role after THQ posted poor financial results and will lead the publisher as it attempts to reduces its costs by $220 million. He replaces Colin Slade, who is indefinite medical …

Following THQ’s latest financial filing , Brian Farrell, the chairman, president and CEO of THQ, has stated that his firm is to both aggressively cut costs and place a stronger focus on product quality going forwards as his company enters what he describes as a challenging time” for the publisher. …

"The video game sector as a whole grew in 2008 and clearly we did not participate fully in that growth. Unquestionably this is challenging time for THQ. Saints Row 2 achieved a Metacritic rating of 82 and we marketed the game aggressively. The conclusion, when we focus make a great …

Japanese publisher and developer Capcom has revealed that net income for the nine months ending December 31st 2008 fell a massive 95 per cent to YEN 179m, down from the YEN 3.97bn in the same period the year before. Sales decreased by 8.6 per cent, reaching YEN 47,223m. Operating income …

THQ is to cut 600 jobs after posting a $191.8m loss for its Q3. Revenue fell 30 per cent to 357 million in the three months to December 31st. The company reported a profit of $15.5 million for the period in the previous year. The 600 job losses will come …

Special effects hardware firm amBX this week took a step closer to wider acceptance after signing up as a tools provider for the PlayStation 3. The agreement with Sony Computer Entertainment means that amBX – which recently spun out of Philips via VC funding – can develop its light, sound …

French publisher Ubisoft has announced that its upcoming Tom Clancy flight-sim Hawx will hit shelves on March 6th for PlayStation 3 and Xbox 360. PC gamers will have to wait a week until March 13th, just two weeks after Tom Clancy: End War gets its release on the format, which …

TT Games and Warner Bros are set to release a trio of new strategy-based Lego DS games, entitled Lego Battles. The new titles are due for release in the summer, and are based on the themes Lego Pirates, Lego Space and Lego Pirates. Lego Battles offers players the action-packed and …

Rockstar Games has finally answered the long-running rumours of a sequel to Red Dead Revolver by confirming that the title is indeed in the works and is due for release this autumn. Red Dead Redemption is being developed for Xbox 360 and PS3 by Rockstar San Diego, the studio behind …