Game industry business news

Sony’s PlayStation division logged an operating loss of 124.5 billion Japanese Yen ($1.18bn), shrinking from the 232.3 billion ($2.2bn) loss reported a year earlier. The performance helped spur the Sony Corporation to an impressive results – with net income alomst tripling year-on-year to 369.4 billion Yen ($3.76bn). The firm’s PlayStation …

Electronic Arts has revealed that Harmonix/MTV’s Rock Band sold more than 1.5 million copies during the three months to March 31st, 2008. According to Gamasutra, in its coming year, EA said the company plans to release some 55 games, including 30 for PS3 and Xbox 360, over 20 for the …

Electronic Arts CEO John Riccitiello isn’t just interested in GTA IV because it’s owned by acquisition target Take Two – he actually loves” playing the game. Speaking in a earning call with investors following EA’s announcement of its fiscal results last night, Riccitiello refused to give away any more information …

Electronic Arts has revealed that its software took more revenue from PS2 than any other home console during its FY 2007-2008 – helping the firm take more than $3 billion in annual sales. The ageing system provided $601 million in the 12 months to March 31st, 2008. Second best performing …

Electronic Arts has posted a $454 million net loss for the year ended March 31st, 2008 – down from a net profit of $76 million in FY 2006-2007. The company’s acquisition of development duo Bioware and Pandemic back in October, 2007 took its toll on the figure – a combined …

Special territory report on Developmag.com explores how NY can be a world-class 'games city' like Montreal, Tokyo or Brighton

Unfortunate internet leaks may have reduced the wow factor, but Microsoft Game Studios has finally revealed its list of big-hitting 360 software releases from now until the end of the year. The platform holder is set to confirm the list at its product showcase in San Francisco later today. Epic’s …

Japanese market authroity Enterbrain has confirmed to MCV that PSP led hardware sales in the territory during April. Sony’s handheld sold a whopping 380, 697 units in the month, over double that of its nearest competitor, Nintendo Wii, which sold 187, 121. In third place was DS Lite with 169,911 …

After launching in the US yesterday, Nintendo has announced that eight WiiWare titles will become available to European consumers when the online service arrives in the territory next week. The service launched this week in the US with six games – and back in Japan in March with nine. It …

PlayStation 3 becomes first console to use video format, which promises high quality compression