Game industry business news

Virtual Console hits 10m downloads

Nintendo’s retro games download service for Wii Virtual Console has provided over 10 million downloads in its first year. Speaking to Gamespot, Nintendo CEO Satoru Iwata revealed: Virtual Console saw over ten million downloads by the end of last December. That’s the total number of titles people paid to download. …

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EA opens huge Madrid testing centre

Electronic Arts, has opened a European test centre in Madrid, which will employ between 200 and 400 people from 20 European countries. According to Sky News, Madrid was chosen over 27 other cities, including London, Prague and Warsaw, because of its geographical location and popularity as a travel destination. "We …

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Konami sees double-digit growth

Konami has announced that group operating income for the nine months leading to December has leapt 20.4 per cent over the previous year. Total sales rose 8.1 per cent in the first fiscal three quarters to 229,730 million Yen, whereas operating income was up to 32,154 million yen. The company …

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Capcom forecasts 15 per cent full-year profit jump

Resident Evil publisher Capcom has raised its full-year revenue and operating profit forecasts, citing better-than-expected sales of game software. The Japanese firm said in a statement that operating profit will probably rise 20 percent to 11.5 billion Yen ($108 million).That represents a 15 percent increase from its previous forecast of …

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Q3 THQ sales up, WWE ships 5m

For the third quarter of fiscal 2008, THQ reported net sales of $509.6 million, up from $475.7 million for the same period a year ago. The publisher added that the sales spike was driven by strong performance of WWE SmackDown vs. Raw 2008, Cars: Mater-National and MX vs. ATV Untamed. …

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Gardner joins at opportune time, says Infogrames

Newly appointed CEO of Atari parent Infogrames David Gardner has met with the company’s employees for the first time – as the firm reports he has joined at an ‘opportune time’. Speaking after the meeting in Lyon, France, former EA exec Gardner said he recognised the team had a fighting …

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Folding@home hits one million

PS3 users have been supporting the research on Parkinson’s, Alzheimer’s and Cancer at a rate of 3,000 new users per day, says SCEI. The Folding@home project aims to understand protein folding and misfolding, and how these are related to diseases and forms of cancer. Since partnering with SCEI, we have …

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Gamestop ups European store count

US retailer EB Games has purchased all outlets of Norweigan music retailer Free Record Shop. It is likely the Gamestop-owned company will convert the stores to sell solely gaming products. Free Record Shop was one of the leading record stores in Norway and had a healthy rivalry with Norweigan retail …

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SPECIAL REPORT: Develops Game Changers

Develop magazine has revealed the most influential executives in the development community in its special Game Changers feature – head over to Develop for more.

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