MCV/DEVELOP News, events, research and jobs from the games industry

Three year investment initiative to boost local industry cut short

Next title will be released for Xbox One and PS4, E3 unveiling unconfirmed

Sony’s gaming division has, as expected, posted its fourth annual loss in five years. Net losses totalled 128.4bn for the year ending March 31st. Operating income fell by 200bn to 26.5bn. Sony’s games division reported an operating loss of 8.1bn, down from last year’s 1.7bn profit, a figure mostly blamed …

Xbox Ones that are not attached to a Kinect camera could receive a performance boost. Microsoft has previously detailed how a certain percentage of the system’s power is constantly reserved for a handful of OS-specific tasks such as Kinect usage and running multiple programs. However, now that Microsoft has officially …

Microsoft says it does not intend to compensate those who paid full price for an Xbox One in November following yesterday’s price cut. Microsoft’s machine arrived last year for 429 with a free game included in a limited number of SKUs, or in vanilla form for the majority. In February …

Take-Two has announced it will release a new game from Rockstar this financial year for Xbox One and PS4 That means a new Rockstar title will be out before March 2015. Little else was announced by the firm, and when pressed on if Rockstar will be at E3, the company …

Publisher Take-Two has reported massive financial results after Grand Theft Auto V sells in 33 million units in just nine months. For the financial year, Take-Two’s revenue grew 97 per cent to $2.414 billion (non-GAAP) or in terms of GAAP, it grew 94 per cent to $2.351 billion, the highest …

Chris Robert’s studio Cloud Imperium Games has hired on ex-Blizzard producer Alex Mayberry as executive producer of its crowdfunding hit, Star Citizen. Mayberry will join Roberts and his team to wrangle the ever-expanding space simulation game, which currently boasts a purely crowdfunded budget approaching $44m. "After 10 years at Blizzard, …

3.6bn people will rely on cloud technology by 2018, a new report from Juniper Research forecasts. Juniper’s research (via Games Industry) states that 2.4bn individuals used cloud services in 2013, though stresses that streaming music services such as Spotify and Pandora claimed the bulk of revenue coming out of cloud-enabled …

Kickstarter success Among the Sleep will see a PS4 release that’s to include support for Project Morpheus, developer Krillbite Studios has revealed. Speaking with Polygon, Krillbite confirmed its first-person survival horror title will land on PS4 in addition to the already announced PC, Mac and Linux versions. According to the …