Game industry business news

If EA’s all-conquering franchise The Sims was a musician, it would be someone like James Blunt or Natasha Bedingfield – impossibly successful, but constantly subjected to critical disdain. In the past, The Sims has been derided as a game for non-gamers. However, if you’re interested in games, then The Sims …

Forget the festive season – Nintendo’s DS console is selling more right now than the platform holder would expect in the run-up to Christmas, according to marketing director Dawn Paine. A full three years after its UK launch, Nintendo has told MCV that DS sales continue to increase – and the …

Tesco’s exclusive distribution partner Handleman is going all out to secure similar deals with other leading games retailers – including specialists such as GAME. Handleman’s MD James Wilding told MCV that the firm is in discussions with other High Street chains to expand its ‘fee for service’ model across the …

In one of the more unbelievable media twists to come in the aftermath of last week’s Byron Review, a national newspaper is offering readers ‘hundreds of pounds’ to confess that games pushed them into a life of crime. An advert encouraging readers to ‘pitch’ their story to the newspaper has …

Microsoft has inked a deal that will result in the first original TV content produced for the Xbox 360 gaming console, according to Media Week. The partnership is with Safran Digital Group, a web-based production and distribution company that has been launched by Hollywood talent agent Peter Safran. Safran will …

Sega Sammy has announced that it is to shut down its Korean office, as well as discontinuing the development of its entertainment complex in Japan’s second biggest city. Following a Board meeting, Sega Sammy Holdings announced: ”We determined [Sega Korea’s] dissolution for global business optimization.” According to Next-Gen.biz, Sega’s Korean …

Capcom is to acquire Japanese studio K2 , developer of the Tenchu series of stealth games. The acquisition will be completed via an exchange of stock, with 201,720 Capcom shares to be issued to K2’s stakeholders. For the full story, visit MCV’s sister site Develop.

Third round of capital sourcing headed by Maverick Capital

The UK’s Ministry of Culture, Media and Sport has formally started an investigation into the legality of Canada’s tax incentives for games studios. MCV sister site Develop has the full story – head over there for the full details.

'Government is listening,' says new CEO as he reveals plan to further lobbying and skills strategy in his first interview