Game industry business news

US electronics chain Best Buy has reported its 2009 Q3 fiscal results, with revenues jumping 16 per cent to $11.5 billion for the week ending November 29th 2008. The revenues jump follows the opening of 181 new European stores over the past 12 months, however, earnings have plummeted year-on-year from …

Atari president Phil Harrison has told MCV that he wants to leave Activision Blizzard CEO Bobby Kotick red-faced for dumping the Ghostbusters game. The title, which Atari announced it had picked up this month, was originally on Vivendi’s release schedule before the ‘merger’ between the company and Activision in December …

Nintendo has once again dominated the UK’s festive online shopping searches, with the Wii and DS Lite becoming the first and second most searched for products online in November, according to date from retail analysts Hitwise. The pair overtake October’s leader Wii Fit, though that remains the most searched for …

Japanese publisher and developer Konami has finally revealed the meaning behind its Metal Gear teaser earlier this month – and as predicted by one eagle-eyed reader, it is indeed a new iPhone and iPod Touch outing. Metal Gear Solid Touch is an original title based on the characters and events …

Midway has unveiled a new cost reduction plan which will see it reduce its headcount by 25 per cent – which amounts to some 180 developers. The publisher will close its Austin, Texas studio and also see lay offs at its San Diego office. Click here to see the full …

25 per cent of US studio staff gone; Austin team shuttered; but 'cost-reduction' method leaves firm strong says CEO

Kesa Electricals has revealed that its UK chain Comet made a half-year loss of 8.1m for the period up until October, with the retail chain blaming deteriorating market conditions for the results. That was in stark contrast to its 10.6m profit for the same period in 2007. MCV’s sister publication …

When Atari’s new CEO David Gardner and president Phil Harrison this summer told MCV that they were planning to rebuild the company around online games and not boxed product, there must have been a large contingent of readers who thought that this effectively meant the restructuring publisher was cutting its …

Konami will finally release Silent Hill Homecoming, the latest iteration in the company’s long-running survival horror series, on February 27th next year. The eagerly anticipated game is the sixth in the series and will be released on both PS3 and Xbox 360, marking the franchise’s first appearance on current generation …

Mobile phone specialists Phones 4U and sister company Dial-a-Phone have launched new e-tail games sites in conjunction with The Hut. Entitled Games 4U and Click-a-Game, the websites sell a range of new and back catalogue Wii, DS, PC, PS2, 360, PlayStation 3 and PSP titles, as well as consoles and …