Game industry business news

USA: Circuit City facing bankruptcy

Circuit City has filed for Chapter 11 bankruptcy protection, but the firm has promised to continue trading over the Christmas period with the assistance of a $1.1 billion debtor-in-possession revolving credit facility. Making the announced, vice chairman and acting president and chief executive of Circuit City, James Marcum said: "We …

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Apple remote to get motion-sensor

As Apple continues to cement its position as a serious contender to the likes of Nintendo, Sony and Microsoft in the games space, it has emerged that the company has filed a new patent for an Apple remote control that bears more than a passing resemblance to Nintendo’s own Wii …

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Casual gaming to kill consoles

Digital marketing site ClickZ has made a bold claim about the future of gaming by claiming that the games console is heading to extinction thanks to the rise of casual gaming. The site reads: We are watching the icon of gaming, the console, quickly and ungraciously bow to the internet. …

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InStock publisher closes

The publishing company behind games retail monthly InStock has today gone into liquidation. Skep Media told over a dozen staff today that recent economic pressures have taken their toll on the company, which had grown quickly via acquisition over the past two years. Group publisher David Lilley and events director …

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MotorStorm dev lashes out at rendered video critics

MotorStorm: Pacific Rift’s lead designer Nigel Kershaw has lashed out at those who criticise games for failing to match the video quality seen in pre-release video renders. "The end result might not look like the render that you did. Who gives a shit?" he ranted. "But it’s this thing that …

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Madden is worlds biggest-selling game in Q3

EA’s Madden NFL 09 was the world’s biggest-selling game in the three-month quarter between July and September. The title sold just under three million copies overall – with 2.99 million in the US, and just 35,000 in the UK and 1,000 in Japan. Wii Fit was the second biggest seller, …

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Global games market growth goes flat in Q3

Combined video game software unit sales across the world’s three largest games markets experienced growth of just one percent during the third quarter of 2008. The flat performance can largely be attributed to a weakening in the Japanese software market, where sales declined 21 per cent from Q2. However, the …

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FFVII Snowboarding heading to mobile

Japanese publishing powerhouse Square Enix has gone to every effort to make the most of its cherished Final Fantasy VII franchise in recent years, and none are more leftfield than the recently announced Final Fantasy VII: Snowboarding. To read more, head over to MCV’s sister site CasualGaming.biz.

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