MCV/DEVELOP News, events, research and jobs from the games industry
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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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.
Read More »ELSPA ‘disappointed’ Budget lacks games tax break
Association representing publishers says Government has 'missed an opportunity' to introduce production tax credit
Read More »Brash signs deal with Game Republic
Ambitious new publisher Brash, which boasts a straegy solely targetting the production of licence-based games made by third-party independent developers, has signed up respected Japanese outfit Game Republic for a new title. The studio, which is headed by famed game producer Yoshiki Okamoto and is responsible for recent PS3 games …
Read More »Ubisoft reveals GRAW2: Legacy Edition
Ubisoft is to release Tom Clancy’s Ghost Recon Advanced Warfighter 2: Legacy Edition for the Xbox 360 in April. As well as including the original game, Legacy Edition will feature an additional DVD incorporating all the GRAW 2 downloadable packs available on Xbox Live, since the game’s original release. The …
Read More »GTAIV masking recurring problems at Take Two
In the wake of last night’s financial report from Rockstar-owning Take Two, Wedbush Morgan analyst Michael Pachter has stated that the upcoming financial uplift that will accompany the release of GTAIV is not enough to hide the problems faced by the publisher. Take Two is pretty much the same company …
Read More »Take Two financials – analysis
Take-Two’s bottom line results were slightly better than we expected, with lower than expected R&D and marketing expenses accounting for most of the EPS upside. On the top line, revenues were higher than expected due to significant contribution from the company’s distribution business. The company’s margins were slightly lower than …
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