Game industry business news

Read our full interview with GAME CEO Martyn Gibbs. Speaking to MCV today, following on from GAME’s full-year results, CEO Martyn Gibbs commented on the stock situation of Switch this Christmas, something that will have a direct impact on the bottom-line not only for many big publishers but also for …

Tencent has reported revenues of $9.8bn in it’s Q3 2017 financials, an increase of 61 per cent year-on-year. Tencent is the world’s biggest games company, and made $2.7bn in profit over the last quarter, a rise of 69 per cent year-on-year. Nice. The two figures combined are the company’s strongest …

The world’s biggest games company has smashed expectations for its Q3 2017. Tencent reported revenues of $9.8bn, which is up 61 per cent year-on-year and almost as much as EA and Activision combined. Its profits for the period hit $2.7bn, up 69 per cent. This represents the company’s strongest growth …

GameStop’s new pre-owned rental scheme has been abruptly paused and possibly abandoned altogether. Kotaku reports that the chain yesterday told employees to take down all PowerPass signage. The scheme only launched last week. In a worrying sign for users, those who had already registered are being asked to return their …

Total War’s new spin-off series now has a name. It will go by the moniker ‘A Total War Saga’, and we already have confirmation of the first entry – Thrones of Britannia. The hook for the series is that it will focus on pivotal historic moments rather than more broadly …

Nintendo may actually be nearing the point of striking a deal to see Mario return to the big screen. The Wall Street Journal reports that the company is close to an agreement with Illumination Entertainment, which is the studio behind the Despicable Me and Minions series. Talks have apparently been …

Retailer GAME has reported a pre-tax loss of £10m for the year ending July 2017. In contrast, in the previous year it posted a £1.1m profit. Revenue was down 3.6 per cent year-on-year at £782.9m, while gross profit fell 5.7 per cent to £205.1m. As always, a “challenging” market was …

Tequila Works has spoken out to explain some of the performance issues that plague the delayed Switch version of the game. Complaints have included a perceptibly low resolution when played in portable mode, and frequent framerate drops. “RiME runs at 30 FPS in 720p throughout most of the game while …

GfK has gone on the record to MCV to report on the success of the Xbox One X’s week one sales in the UK. Dorian Bloch, business group director, at the market research company, told MCV exclusively that Xbox One X unit sales last week amounted to the 10th best …

Ben Payne has joined car company McLaren to help front its venture into the esports sector. He assumes the role of director of esports. He comes from Microsoft where he worked in third party marketing and events for Xbox and global campaigns for Windows. He has previously worked at Sega, …