Game industry business news

Analyst firm iSuppli has stated that the balance of the next-gen console battle has tipped in Sony’s favour, and that the firm is likely to cut the cost of its PS3 this year to make the most of the console’s increasing momentum. "2008 will be a turning year for the …

Industry analysts have told MCV that Take Two should accept a takeover bid from EA in the next few months – or it risks missing out on its only real chance to find a suitor. While Take Two boss Strauss Zelnick said this week that the $2bn bid substantially undervalues” …

While Take Two boss Strauss Zelnick has said that the $2bn bid substantially undervalues” the publisher’s portfolio, key analysts believe that Take Two is playing a dangerous game by rejecting the approach and holding out for a better offer. I would imagine there is room for negotiation,” said Colin Sebastian …

While Take Two boss Strauss Zelnick has said that the $2bn bid substantially undervalues” the publisher’s portfolio, key analysts believe that Take Two is playing a dangerous game by rejecting the approach and holding out for a better offer. TAKEOVER TIMELINE February 6th: EA CEO John Riccitiello writes to Take …

Online, in-store services and international expansion are the key foundations upon which DSGi is set to tackle difficult trading conditions, the retailer has told MCV. The Group, which includes PC World, Currys.digital and Dixons, has launched a strategic review of its business led by Boston Consulting after issuing a profit …

PlayStation 3 has officially sold one million units at UK retail, hitting the milestone faster than PSOne or PS2. Anbd now Sony Computer Entertainment UK boss Ray Maguire is more confident than ever that the console can step up its game further in the next-gen race this year. Achieving one …

GAME has said that it will exceed its full-year underlying profit forecast for financial year 2007 – 2008. According to Dow Jones Newswires, GAME expects pre-tax profit to be no less than 74 million for the year ended January 31st, 2008. That represents a significant jump from the 29.5 million …

SCE UK has confirmed to MCV that God of War 3 is coming soon to PlayStation 3. Initial rumours spread following the appearance of an advert in the upcoming God of War: Chains of Olympus manual featuring the words ‘Coming Soon’ and ‘PlayStation 3′ below the traditional Omega symbol. Sony …

Statistics from trade body the Entertainment Retailers’ Association suggest that while gaming is the star performer, music sales on the High Street have been seriously undermined by downloads – and that DVD prices are falling all the time. As forecast by MCV last year, ERA’s figures show that games software …

Do you feel there’s a need to increase the popularity of ‘American’ sports games on UK shores – and vice versa? There is no doubt that video games can play a big role in broadening the appeal of sports around the world. I was at Wembley Stadium for the Giants-Dolphins …