Game industry business news

EA’s Q1 revenue was up, and the publisher’s net loss dropped too in a like for like period, the firm revealed today in its financial results. Net revenue for Q1 was $804 million, up $409 million compared to Q1’s $395 million last FY. Meanwhile EA’s net loss for the quarter …

Sony has revealed huge like-for-like rises in PS3 hardware and software in its Q1 financials. In terms of like-for-like sales, the platform holder’s flagship console sold double the amount it did last Q1 – up to 1.56m from 0.70m the previous year. PlayStation 3 software also fared rather well – …

Sales in Woolworths stores have fallen 3.2 per cent for the 25 weeks to 26 July 2008, whilst EUK’s and Bertram’s sales were down one per cent over the same period last year. The retailer stated that the fall in sales was due to the ‘continued strength of the entertainment …

Nintendo of Japan has filed lawsuits against five Japanese firms who have been importing and selling equipment that allows illegal games to be played on the Nintendo DS – such as the popular R4 cards. According to Reuters, Nintendo and 54 other Japanese software companies filed the lawsuit earlier today …

Media firm Future disclosed a whopping 39 per cent increase in online advertising revenue in its interim financial statement. In the same period the firm launched Girl Gamer, and Qore, a Sony US digital edition” for the PlayStation 3 network in North America. For the nine months ending June 30th …

Mobile middleware provider can now turn a 3D Java game into a 3D iPhone game

Activision Blizzard has revealed that it will sell off unwanted studios and projects it acquired after its colossal deal with Vivendi games. Develop reports that North American studios High Moon Studios (developer of the recent Bourne game) and Radical (developer of upcoming game Prototype) are to be ‘realigned’ the publisher …

When it comes to online, what does PS3 have that no-one else can offer? Why is it such a focus to you? Games have always been the most important thing for our business and will continue to be, so I want to make sure that message gets across loud and …

Nintendo’s Wii Fit has returned to the top of the UK’s All Formats games chart following a 32 per cent jump in sales. The title jumps back up the official ChartTrack/ELSPA Top 40, overtaking last week’s No.1, LucasArt’s LEGO Indiana Jones. THQ’s movie tie-in Wall-E climbs 12 per cent over …

PlayStation 3 is set to take up the mainstream appeal of its predecessor – with its ‘positioning’ and marketing changing to appeal to a broader audience. That’s according to the global boss of PlayStation, Kaz Hirai, who told MCV in the second part of our exclusive interview that the system …