Game industry business news

Xbox games library to hit 1,000 this summer

Xbox’s quest to become the console of choice for families will be given a huge boost by becoming the first system to offer a library of 1,000 games this summer. That’s according to Xbox VP for Microsoft Interactive Entertainment Europe Chris Lewis, who this week told MCV that Xbox Live …

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Blu-Ray prices hit new high

Samsung, Sony and Sharp are selling Blu-ray players for the highest prices all year, following what is generally considered the demise of rival format HD-DVD, according to a price comparison on Tom’s Hardware . Advocate vendors of Blu-ray dropped prices of players earlier this year, in a move which put …

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Report: Mexican games market to hit $1bn

A new Research and Markets report has forecast that the Mexican video games market could be worth as much as $1 billion by 2010. The review states that the Mexican video game industry is ‘exploding’ and ‘attracting major new marketing investment and luring global game publishers to establish local offices’. …

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Gamers asked to petition PM over tax breaks

The campaign for a UK games production tax credit has spilt over the boundary of the industry – with one concerned consumer starting a petition aimed at Prime Minister Gordon Brown demanding he look into the possibility of implementing tax breaks for the games industry. To read the story in …

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Xbox: ‘We can rule summer’

Tomorrow’s price drop on all three Xbox 360 SKUs will give the console the boost it needs to rule the next-gen battle this summer, Microsoft has told MCV. The platform holder has made a clear attempt to lure in famillies with the cuts, which see its Arcade model retail for …

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Ingham becomes MCVUK.com Editor

Tim Ingham, erstwhile deputy editor of print publication MCV, has been promoted to editor of the magazine’s online portal here at www.MCVUK.com. Ingham will hand the magazine’s deputy editor position over to Jonathon Harker, who joins MCV from his position as editor on Gem’s Future-In-Store magazine. MCV’s reputation for video …

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EA launches new $2bn cash bid for Take Twos stock

Electronic Arts is targeting Take Two’s shareholders with a tender offer to acquire outstanding stock for $26 each – the price it offered the company in its buyout bid last month . The cash bid is worth $2 billion. According to the Wall Street Journal , ‘the move signals that …

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Now Microsoft claims 360 will not support Blu-Ray

In the latest instalment of this confusing saga, Xbox 360 group product manager Aaron Greenberg has now said that there are no plans for Xbox 360 to support Blu-Ray. The news comes not long after Microsoft chief executive Steve Ballmer claimed that the company was indeed in discussions with Sony …

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US: Microsoft predicts February sales loss

Ahead of the release of the official North American NPD sales figures for February, Microsoft has conceded that its Xbox 360 was most likely outsold by Sony’s PS3 last month – though only thanks to supply restrictions. Speaking to Reuters, Greenberg claimed: "We definitely expect we will trail in February …

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ELSPA responds to Darling’s budget

UK Chancellor Alastair Darling has today delivered his Budget – but not included any concessions to the games industry as has previously been demanded by numerous voices in the sector. To read the story in full, head over to MCV’s sister site Develop.

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