Game industry business news

Future Publishing is leaner, more focused and set to further increase its online presence, according to Future’s UK MD Robert Price. The leading games magazine publisher has turned its business around after a few turbulent years – posting a full-year pre-tax profit of 9.2 million in its latest financials, a …

After a year of deliberation and investigation the European Commission has given the nod to France’s proposal for a production tax credit on video games – with an official announcement due later today. Click here to read the full story on Develop.

Herts Distribution specialist Meroncourt Europe has moved into larger premises – to allow for the next stage of expansion and development to take place. The company will stay within Letchworth, Hertfordshire but is transferring to a larger base, which offers double the company’s current office facilities for administration and sales. …

Electricals specialist Comet has refitted its 85 stores with a bigger, bolder console hardware offering after a bumper year of sales. The retailer has seen huge growth within its games department over the last year, and has moved to capitalise on that by giving interactive entertainment a far greater in-store …

Following this week’s news that the European version of Grasshopper’s highly anticipated No More Heroes will be censored, as per the Japanese version of the title, the game’s developers have issued a statement claiming that it was their decision – and not publisher Rising Star Games – to release the …

Nintendo of America is predicting that the DS will emerge as the best selling console of the year in North America, with sales for the year to date already topping the six million mark – that equates to one machine sold every five seconds. "There’s no letup in sight," NoA’s …

UK retailer HMV has announced its financial results for the 26 weeks ending October 27th, which show profits of 25.9 million, a big improvement on the 26.1 million loss in the same period last year. Total sales for the period hit 790.2 million, up from the 767.2 million in the …

Speaking earlier today, Sony chief executive Howard Stringer said that the firm’s three-year cost cutting reforms, which included the sale of its Cell CPU business to Toshiba , had placed the firm in a strong financial position that will allow it to bring back some of the wow factor that …

The CEO of Metacafe and former CEO of Pogo.com (property of global publishing giant EA) Erick Hachenburg has joined the board of directors at blossoming online games publisher K2 Networks. Hachenburg has been in the online games industry for over 15 years, and also formerly served as EA’s online publishing …

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