Game industry business news

SCi shares rocket as it encourages Warner Bros bid

Shares in SCi Entertainment Group jumped 11 per cent today, after it lifted a restriction stopping Time Warner from raising its stake in the company without consultation. As reported by MCV this morning, SCi has scrapped a "standstill" arrangement with Time Warner subsidiary Warner Bros. The agreement – which had …

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Leipzig and Gamescom go head-to-head

Organisers of the new Gamescom event have brought forward the inaugural show’s dates, pitching the Cologne expo directly opposite the Leipzig Games Convention, MCV can reveal. Gamescom is now set take place in Cologne from August 19th to 23rd – the exact same dates as those already announced by GC …

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Xbox to takeover Leicester Square

Microsoft is set to take over the whole of Leicester Square this weekend, as it embarks on a major consumer promotional campaign. The Leicester Square event – which forms part of the platform holder’s wider Xbox Trial tour – will be a film-themed consumer experience and puts the spotlight on …

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Tesco delays payment to publishers

Tesco has extended the time it takes to pay entertainment suppliers by 30 days in the run-up to the Christmas season. The supermarket has written to suppliers to tell them it has changed its payment terms from 30 days to 60 days as of December 1st, 2008. The Financial Times …

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E3 to stay in LA for three years

The Los Angeles Convention Center and Visitors Bureau has announced E3 will remain in LA for the next three years. According to Edge, it’s an important deal for Los Angeles – as the city expects $18 million in economic impact from the upsized expo, with everything from cab fares to …

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Nintendo unveils Christmas tour

Nintendo is set to take its DS and Wii software on a tour of the UK as it looks to ramp up its marketing for the fourth quarter. Going under the names The Nintendo DS Christmas Tour ’08 and The Wii Christmas Tour ’08, gamers are being invited to ‘discover …

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LittleBigPlanet 2 in the works

LittleBigPlanet isn’t even in stores yet – and yet developer Media Molecule has already announced plans for a sequel. Speaking to the BBC on being a British success story, the firm also revealed that it is in negotiations with Sony to expand the franchise to have its own cartoon and …

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2.4 million Wiis made a month

Nintendo of America boss Reggie Fils-Aime has revealed that the company is producing 2.4 million new Wiis every month – a 33 per cent increase on last year’s frequency. Speaking in an interview with the LA Times, Fils-Aime called the production cycle ‘unprecedented’. Nintendo has continually raised the production levels …

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