Game industry business news

Capcom reveals Q1 release line-up

Japanese publisher and developer Capcom has revealed its release schedule for the first quarter of 2009, and it’s not a line-up shy of potential triple-A hits. The listing is lead by graphically lush next-gen fighter Street Fighter IV, which will be released on both Xbox 360 and PS3 on February …

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Sony denies ‘drastic’ cost-cutting

Electronics giant Sony has denied reports that it is set to embark on drastic cost-cutting measures, Reuters has revealed. The Times reported this morning that Sony is set to transform its business by closing factories and ‘major’ divisions. However, a Sony spokesperson insisted there is no new restructuring plans bar …

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EUK administrator heading for legal battle with suppliers

EUK administrator Deloitte is in hot water with entertainment suppliers, who are preparing legal action to to claw back millions of pounds of stock. The Times reports that EUK still has CDs, DVDs and computer games worth tens of millions of pounds in its warehouses – and suppliers are battling …

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‘2008 was a perfect storm’

From the storming of the Bastille, to the King of England being expelled from Parliament, to the assassination of Archduke Franz Ferdinand, or more recently the attack on the World Trade Centre in New York, the effect of these actions is truly life changing. On September 15th this year a …

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2008s most played console was PS2

Data from research and analysis firm Nielsen claims that North America gamers spent more time playing Sony’s PS2 than any other console in 2008. The stats show that the PS2 accounted for 31.7 per cent of the US’ total game time. Microsoft’s Xbox 360 claimed the second spot with 17.2 …

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Spring in her step

Future Publishing’s preliminary annual results made for pretty special reading last month – complete with a year-on-year profits rise and a ten per cent reduction in debt. But how did CEO Stevie Spring and her team manage it? And, more to the point, how has her company managed to rebuff …

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Microsoft to see ‘thousands of redundancies’

Microsoft could be considering a plan for ‘substantial redundancies’, reports The Independent . Citing rumours on Silicon Valley website Fudzilla, the paper suggests that the software giant may look to cut between 10 and 17 per cent of its workforce – possibly affecting up to 15,000 jobs worldwide – and …

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Wii Sports claims global sales record

The latest numbers from controversial stat-crunchers VG Chartz are claiming that Wii Sports has surpassed Nintendo’s own 1985 NES title Super Mario Bros to become the best selling video game of all time. To read the full story, click here to visit MCV’s sister site CasualGaming.biz.

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Blu-ray sales boast strong gains

New figures from the British Video Association show that hi-def disc format Blu-ray enjoyed a bumper Christmas in the UK, with sales climbing significantly compared to the same period last year. The BVA claims that 1.5 million Blu-ray movies were sold in the UK in December – a number that’s …

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