Publishing

Video games has become the second fastest growing TV advertising market in the UK, behind office equipment. We saw last week that games and consoles TV advertising had kicked off 2012 brightly. Growth in the market has accelerated to 62 per cent year-on-year. It also puts it well ahead of …

Embattled publisher THQ has plotted a multi-year game release schedule in a bid to calm investor nerves. Last night the publisher announced a net loss of $56 million for the last three months of 2011. In a move to dispel fears, THQ’s executive team last night listed its next seventeen …

Publisher apologises as Assassin's Creed and Splinter Cell titles go dark

Change is afoot at THQ. The company has withdrawn from the children’s market and plans to focus instead on "core games and digital initiatives". And despite losses of $56m, it has plenty to work with – the publisher revealed that digital revenues for the third quarter of fiscal 2012 have …

The uDraw GameTablet and all related games have been discontinued after the franchise’s sales fell short by $100m. "THQ has no future commitments or plans to manufacture uDraw hardware," the company said in its latest financial report. Revenues for the PS3 and Xbox 360 versions of uDraw – which were …

Take-Two has reported a 65 per cent drop in profit to $14.2m for its fiscal Q3 ending December 31st 2011. The Rockstar and 2K parent generated $236.3m in sales during October, November and December. This represents a 25 per cent year-on-year dip compared to the $334.3m made in the same …

The Saints Row publisher has posted its financial results for its third quarter, showing a 275 per cent rise in net losses since the same period in 2010. THQ posted a net loss of $55.9m for the three months ended December 31st, 2011 – up from just $14.9m in the …

Computec has relaunched its Make The Game contest, offering developers the chance to get their game published. The prize is a publishing contract and marketing budget worth €1m, plus an advertising campaign that will push the winning social game to the European media firm’s audience of over 5m consumers. We …

The strategic postponement” of major titles and a drastic overhaul of the business” were blamed as the key reasons behind its poor financials. The publisher saw net income for the nine months ending December 31st 2001 fall 52.6 per cent to 3,242m. Operating income fell 47.2 per cent to 6,744m …

Consolidated revenues down by a third, financial documents show