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

High levels of corporate debt have been cited as the reason behind credit ratings agency Moody’s decision to downgrade its Sony stock rating status to ‘junk’. "While Sony has made progress in its restructuring and benefits from continued profitability in several of its business segments, it still faces challenges to …

Game4u has a trade-in offer for those looking to move up from PS3 or Xbox 360 to the PS4. The retailer is offering up to Rs 9,000 in store credit when you trade in your old PS3 or Xbox 360 across all its retail stores. A post on Game4u’s Facebook …

Design lead Alistair Hope talks to Develop about making a new engine and believable AI to recreate the terrifying atmosphere of the movie classic

Sony Online Entertainment has confirmed the planned closure of four of its massively multiplayer online titles. Kotaku reports that Free Realms, Star Wars: Clone Wars Adventures, Vanguard: Saga of Heroes and Wizardry Online all face the chop so the company can focus its resources elsewhere. Free Realms, once a poster …

Microsoft has suggested that the price of digital Xbox One games will become more competitive with the High Street at some point in the future. Whereas Sony has used a combination of Steam-like sales and free games on PlayStation Plus to make its consoles viable digital platforms, Xbox Live’s digital …

Mojang's world-building hit continues selling on new platform

Sony Online Entertainment culls shrinking titles, upgrades members to All Access Pass

Square Enix has announced a release date for Final Fantasy XIV: A Realm Reborn on PS4. The game will be released on Sony’s console on April 14th, with owners of the PS3 game able to transfer their progress for free. Details on how to do this will be announced later, …

Search giant snaps up London firm DeepMind

Crackdown 3 could be revealed for Xbox One today. The developer of Crackdown 2 (and co-developer of Kinect Star Wars, Nike+ Kinect and Kinect Sesame Street Season 2) Ruffian Games this morning tweeted that it feels like a good day for announcements doesn’t it?”. That’s not all, though. Microsoft Studios …