Game industry business news

EUK legacy looms large over frantic market

Suppliers burnt by EUK’s demise disagree over whether to feed Zavvi with Christmas stock that will help it pay off its huge debts. MCV understands that some of the UK’s largest publishers have reclaimed stock from EUK administrator Deloitte and are now trading direct with individual Zavvi stores – after …

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Woolworths demise robs UK of third largest games retailer

The UK faces losing its third biggest video games retailer in the wake of the Woolworths collapse, representing an annual market value of 137 million, MCV understands. Figures from market analyst firm TNS Global show that sales of video games at Woolworths accounted for 8.2 per cent of the total …

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Were the Daily Mails whipping boy, says Sony boss

Sony Europe President David Reeves has told MCV that he believes games are still the whipping boy” in the British media. In our exclusive interview, he said: In a sense, but often you get the impression that for the likes of The Daily Mail and Keith Vaz we’re the whipping …

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US: GameStop launches DS reservation scheme

DS stock seems to be a festive issue in North America – GameStop has launched a program allowing consumers to reserve a Nintendo DS and have it delivered to them within a month. Reservations must be made in person at any US GameStop store. Consumers must make pay the full …

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Sharp hit with DS screen price-fixing fine

According to Edge, The Japan Fair Trade Commission has fined Sharp $3 million for price-fixing LCD displays used in Nintendo’s DS Lite. The Trade commission sent a cease-and-desist order to Sharp, claiming the firm had colluded with Hitachi to control the price of displays, which violates Japan’s Antimonopoly Act. Sharp …

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Tomorrow is the biggest day for UK retail

Global credit giant Visa has claimed that tomorrow, Saturday December 20th, will be the busiest day on the UK High Street this Christmas. The firm expects to process over 15 million transactions throughout the day, totalling around 750 million. To be even more specific, Visa says the busiest five minutes …

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Action &#39sStation

Firstly, can you give us an update on the progress made by the Sony games business this year?Two years ago we lost $2bn dollars globally on the SCE business – we thought at the time it was a lot of money, but in perspective with things like Citibank it’s not …

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GameStop depends on core gamers

GameStop will be relying on core gamers to help it through this difficult Christmas period, as the economic recession causes the usual customer shift to be less predicatable than in previous years. The retailer has cut its earnings targets for its fiscal fourth quarter – but the company’s chief executive …

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Core Gamers crucial to surviving recession

Despite the popularity of the Wii and DS leading Microsoft and Sony to expand their casual appeal, the games industry may have to depend on its more traditional ‘core’ market to surviving the economic crisis. A report from Associated Press states core gamers a proving crucial” to giving the industry …

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Street Fighter II HD breaks records

Japanese developer and publisher Capcom is claiming that its recently released Xbox Live Arcade and PlayStation Network title Street Fighter II HD has shattered both day one and week one sales records for a digital console title. To date the game has sold 250,000 copies. The firm also expects the …

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