Publishing

Take-Two has confirmed its sci-fi shooter XCOM will not be released in March 2012. Instead, the reboot of the classic 2K series will land during the publisher’s next financial year: between April 1st 2012 and March 2013. The delays was announced during Take-Two’s quarterly financial report, according to Eurogamer. The …

Grand Theft Auto publisher Take-Two has reported a drop in revenues and increased losses for the quarter ending September 30th. Losses reached $47.3m compared to $8m for the same quarter in 2010. Revenue fell from $245m to $107m year-on-year. The numbers, nonetheless, were better than expectations, driven mostly by strong …

Console specs still in flux, but sources say Nintendo now has ambitions for touch-screen multiplayer

We’re used to the absurd PR merry-go-round that is the betting for Christmas No.1, but even by those standards this is a bit odd. Paddy power has announced today that it is paying out on Activision’s Call of Duty: Modern Warfare 3 being this year’s best-selling video game this Christmas. …

[In association with Ubisoft] The french publisher speaks out on an industry it helped create

Moledina joins new social startup

Credit ratings agency Standard & Poor’s has downgraded Sony’s credit rating to A-, citing concerns over long-term corporate credit and senior unsecured debt ratings. The likelihood of Sony’s weak earnings persisting has increased”, the ratings group said. There are no signs of a halt to the deterioration in the earnings …

No signs that the company will come out of red soon, financial group claims

Warner Brothers has reduced its game development workforce across its Washington state studios, the company has confirmed. It is estimated that around sixty staff have been let go, though Warner would not confirm the number, nor which studio were affected. The firm’s Seattle-based development cluster includes three high-profile studios; Monolith …

Computing giant labelled 'saviour' after studio laid off 50 staff and scaled back projects