MCV/DEVELOP News, events, research and jobs from the games industry
The industry’s finest minds descended upon AKA Bar in Holborn last night to go head to head for the crown of MCV/Xbox 360 pub quiz champions, with the team from GAME (pictured) scooping the top prize. Beating off close competition from the likes of Amazon, 505 Games and Sainsbury’s, the …
Read More »How the music industry got it wrong: Pt 2
LESSON FOUR: Profits come from secondary sources One part of the music industry remains highly profitable – music publishing. That is the business that owns the underlying copyrights and licences it out to films, commercials, video games and other media channels. They generate revenues from ringtones, radio play, in fact …
Read More »How the music industry got it wrong: Pt 1
Games are now bigger than music at High Street retail. Something to shout about? Only if you believe that being more valuable than an industry segment which is universally acknowledged as being in terminal freefall is a cause for celebration. The games industry is in the happy position of being …
Read More »EA announces Fight Night Round 4
Electronics Arts will bring the fourth in its Fight Night series to Xbox 360 and PS3 next year. The title is being developed at EA Canada in Vancouver under the EA Sports brand and features some of the greatest boxers in history fighting in their prime – including Mike Tyson. …
Read More »GTA IV: Biggest entertainment launch of all time
GTA IV has become the most lucrative entertainment launch of all time – dwarfing best-ever releases in music, video and literature. Take Two has confirmed that GTA IV sold six million units globally in its first week – with an estimated retail value of more than $500 million. The title …
Read More »Daily Mail takes another potshot at games
The Daily Mail has attacked one of the more traditionally innocent cornerstones of our industry – the humble Nintendo DS. After years of being praised across the national media for its family-friendly qualities, the newspaper’s Rosie Millard calls the console a toxic drug” in her first-person piece about her experience …
Read More »Nintendo success making kids’ market tougher, says THQ
President and CEO of THQ Brian Farrell has pointed the finger at Nintendo’s successful first party software for making the kids’ video games market extremely competitive”. In a Q4 earnings call with investors, Farrell cited Nintendo’s software success as a reason why THQ’s traditionally strong kids’ business did not meet …
Read More »THQ announces new WWE title
THQ has announced a new addition to its WWE family of games as part of its full-year financial report. Legendsof Wrestlemania is due for release in March next year on next-gen formats. THQ CEO Brian Farrell told investors: Our new Legends game is scheduled to launch in conjunction with the …
Read More »THQ to shed 200 staff
After reporting a $35m FY loss last night, publisher THQ confirmed in a post-earnings conference call that it would be losing 200 staff across its studios. However, the company does plan to grow its employee count overall from 2,400 to 2,700 this year. CEO Brian Farrell said that those studios …
Read More »THQ reports FY net loss of $35.3m
THQ has reported full year losses of $35.3 million for the 12 months to March 31st, with sales up slightly to $1.03 billion. That compares to the $68 million profit reported in its previous fiscal year, and $1.026 billion in sales. For its fourth quarter, the company also saw sales …
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