MCV/DEVELOP News, events, research and jobs from the games industry
HMV’s Gamerbase concessions could be rescued even if the retail giant closes. The tournament zones – which can be found located besides HMV stores in London, Manchester, Glasgow or Edinburgh – has already attracted attention from at least one prospective buyer, MCV has been told. Although no official approach has …
Read More »HMV demise could kill 4% of games market; High Street entertainment share would plummet
The cost to the UK video games market should HMV fail to find a buyer could be as little as four per cent. That’s thanks to HMV’s relatively small share of the UK games market. Nonetheless, its demise would theoretically leave the High Street with just a 16 per cent …
Read More »Deloitte warns of tough market as it is officially appointed HMV administrator
HMV boss Trevor Moore may have delivered an upbeat message to journalists yesterday, but administrator Deloitte has warned that it’s a tough market for entertainment retailers at the moment. The retailer is burdened by around 200m of debt and still seems to be appealing to the goodwill of suppliers in …
Read More »The Walking Dead gets physical release on Flipkart
Telltale Games’ episodic adventure game The Walking Dead was the surprise hit of 2012, picking up several game of the year awards, and if you weren’t too keen on a digital purchase, you can now buy it on disc in India. The PS3 version of The Walking Dead is now …
Read More »Game4u launches end of season sale
The sales keep coming at Game4u. After holiday sales on boxed and digital games, the retailer has now launched a two-month end of season sale. From now until 28th February, the retailer is offering up to 50% off on over 60 titles, including Far Cry 3, Hitman: Absolution, Assassin’s Creed …
Read More »Moore wants chance to reverse HMV’s fortunes
HMV boss Trevor Moore and financial director Ian Kenyon want the chance to lead the chain out of administration. Speaking to journalists this afternoon, Moore pointed the finger at disappointing technology sales over the Christmas period, claiming that supply lines of key tablet computers were insufficient. Having had a request …
Read More »HMV had soft-launched digital game downloads prior to administration
A digital games store had been launched on HMV.com just weeks before the chain fell into administration. Located under a new ‘games downloads’ tab on the retailer’s homepage, the catalogue is run by Eurogamer-owned GetGames. Prices are reasonably standard although a few deals can be found, such as Far Cry …
Read More »Gift vouchers and store credit not being accepted at HMV this morning
It was the one question we were asked more than any other last night – will customers be able to spend their gift vouchers and store credit in HMV today? And the answer, sadly, is no. Administrators have confirmed this morning that consumers will not be able to use gift …
Read More »Suppliers’ refusal to answer HMV’s £300m call for help led to administration – report
Tonight’s anticipated collapse of HMV came about after suppliers ignored the retailer’s latest plea for help. That’s according to The Financial Times, which reports that HMV directors last week asked suppliers for yet another financial lifeline to keep the chain aloft – this time to the tune of 300m. That …
Read More »HMV board holds crunch talks as retailer ponders administration
The directors of beleaguered retailer HMV are said to be locked in emergency talks tonight as the retailer considers entering administration. Sky News reports that a number of options are currently being discussed amongst execs, one of which is administration. However, further action from lenders could yet give HMV a …
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