Game industry business news

Sony has revised its earnings forecast for the fiscal year ending March 31st. The firm is now expecting a net income loss of 150 billion YEN ($1.68 billion), with an operating income loss of 260 billion YEN ($3 billion), which is more than the $1.1 billion loss predicted earlier in …

Arsenal fans may be able to watch instant replays of goals and tackles on their PSP while attending matches at the team’s Emirates Stadium. The club’s commercial director Adrian Ford said a Sony-developed application will enable PSP owners to watch near-instant replays, view data and statistics and receive live streaming …

LONDON FOCUS: Today Develop looks at SCE London Studio and Partnertrans

Aggressive marketing of used software has helped US retailer GameStop defy the economic slowdown, The Wall Street Journal reports. Citing Pacific Crest Securities data, pre-owned game sales is expected to reach $2 billion, or 23 per cent of GameStop’s revenue for its fiscal year ending January 31st. This is up …

Ambitious DS AND PC publisher City Interactive has its sights set on expansion, after hiring former THQ UK MD Roy Campbell as global sales and marketing VP. Campbell brings more than two decades of experience from the likes of THQ, Rage, Virgin and Infogrames UK to the Polish firm, where …

After announcing yesterday that a PS3 hardware bundle featuring the game is heading to the UK , SCEE has now confirmed that long-awaited FPS Killzone 2 will be released on February 27th. That’s the same date the game will arrive at retail in North America, and has been presumed to …

Following the news that leading Australian games distributor Red Ant has been placed into administration , publishers have confirmed to MCV that they have already begun evaluating their options in the territory. Red Ant had official distribution agreements in place with Capcom, Konami, Bethesda and Midway. Whilst the firm is …

Rapidly globalising Japanese publisher signs deal with Monumental

MCV publisher Intent Media is to launch a new games conference this autumn, following its recent swoop for a range of event and magazine assets. Intent has acquired all the brands owned by defunct B2B publisher Skep Media, including the Games 3.0 conference, which was launched during the London Games …

EA’s previously revealed cost-cutting measures continue to take effect, with Canadian studio Black Box and Florida-based team Tiburon apparently the latest to see job cuts. Click here to visit Developmag.com for the complete story .