Game industry business news

Multiplayer slasher title Friday the 13th just reached a new milestone, despite its difficult launch. Publisher Gun Media announced that sales for the game just reached 1.8m copies. That’s in two months since Friday the 13th – The Game launched at the end of May on PS4, Xbox One and …

UPDATE: Telltale has announced that Nintendo Switch owners will soon be able to buy the first season of Minecraft: Story Mode as a digital download or physical retail release from August 25th in Europe. Minecraft: Story Mode – The Complete Adventure will include all eight episodes from the first season …

Take-Two reported another strong quarter last night, with net revenue for its fiscal Q1 2018 up 34 per cent year-on-year to $418.2m, and net sales up 28 per cent to $384.3m. Digitally-delivered net revenue also grew 56 per cent to $268.2m and digitally-delivered net sales increased 47 per cent to …

Hot off the back of two promotions for John Clark and Tim Heaton, Sega Europe has announced that Chris Bergstresser is to take on the role of its new president and COO. In this role, Bergstresser will be responsible for the overall management of the business, including overseeing its five …

Double Fine Productions founder Tim Schafer has backed SpecialEffect’s tenth anniversary One Special Day fundraiser, releasing a video message (which you can view below) calling the industry to action. A vice president of the charity, Schafer has urged other CEOs and decision makers in the worldwide gaming industry to follow …

Christmas is usually a time of great prosperity for games publishers. But last year’s ill-fated combo of an overly crowded release schedule and the biggest Black Friday event the UK’s ever seen meant a lot of triple-A titles ended up missing their expected sales targets. Call of Duty: Infinite Warfare …

The ‘Presented by Humble Bundle’ label is to showcase five of its upcoming indie titles at Gamescom and PAX West this year. Humble Bundle’s publishing label will present four of its previously announced games and reveal a new title. Available to play on the show floor at Gamescom later this …

Former Oculus co-founder and chief engineer at Guitar Hero producer RedOctane Jack McCauley has joined Lucid VR has chief engineer. In his new role, McCauley will head up the worldwide manufacturing of their flagship virtual and augmented reality camera, the VR180 LucidCam. He will also help increase product production and …

Liverpool-based developer and animation studio to get backing for new IP projects

EA has announced its Q1 2018 results for the three months ending June 30th 2017, and digital net sales reached $3.147bn for the trailing 12-month period, representing 63 per cent of the company’s total net sales. That’s an increase of 23 per cent year-on-year. For the quarter, total net revenue …