Game industry business news

US publisher THQ has confirmed that it is to cut 250 jobs following losses of $115.3 million for the three months ending September 30th. Losses for the same period last year totalled just $7 million. Net sales for the period reached $164.8 million, down from the $229.3 million seen in …

Activision-Blizzard has reported a $108 million loss for its third quarter – whilst besting its revenue guidance by just under 100m. The company blamed the loss on charges related to its merger. Without those charges, the company earned 7 cents a share while analysts expected 4 cents. Adjusted revenue was …

$115.3m loss for the quarter ending September 30th; 17 per cent of studio workforce to go

Having already outlined its plans for its huge Q4 marketing campaign dubbed ‘All Singing, All Dancing, All Gaming – All Disney’, Disney will this weekend embark on a nationwide mall sampling tour to promote its top line titles. Games getting some special attention throughout the campaign include quiz title Disney …

Consumer advice portal Reevoo has turned its attentions to the games market – and it has chosen the PSP Slim & Lite as the best choice for gamers this Christmas. The website granted Sony’s handheld an impressive 9.5/10, praising it for the fact it looks cool”, is easy to set …

Activision has revealed a plan to target a whole new segment of the market with its release of the fourth instalment to its music franchise, Guitar Hero: World Tour on November 14th. The publisher intends to get its game installed in a number of musical instrument outlets in an attempt …

Casual Games Forum panel tackles how the tough economic climate will affect games

Leading global games publisher Nintendo has said that it has teamed up with Tokyo-based stock exchange Nikkei to make a new game based on the workings of the stock market. To read more, click here to head over to MCV sister site CasualGaming.biz.

Leading online reviews aggregation site Metacritic is to introduce fresh registration measures and crack down on pre-release user reviews following a spate of fanboy attacks that resulted in a number of top titles receiving disproportionately poor user reviews. At the time of writing, 3671 users had left scores for Microsoft’s …

Flying in the face of the global credit crunch, Capcom has reported some positive financials for the quarter ending September 30th 2008. Kotaku reports that net sales for the period hit YEN 31.26 billion, up 0.4 per cent on the same period last year. Net income increased by 16.8 per …