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

Grand Theft Auto publisher Take-Two has reported a drop in losses for the year ending March 2013. Total net losses for the period reached $31.2m, significantly down on last year’s $107.7m loss. Revenues climbed from $825.8m in 2012 to $1.21bn. For the fourth quarter revenues doubled from $148.1m to $300m. …

YoYo Games' development platform now supports mobile Linux OS

University of Texas partners with Deux Ex creator to launch Denius-Sams Gaming Academy

Amazon has announced the launch of its new virtual currency, Amazon Coins. The debut doesn’t change anything from a business standpoint, as app developers still receive the 70 per cent revenue cut that’s always been received from any real money purchases. From a consumer standpoint, the currency can be used …

Saban Brands hires former LucasArts and THQ executive to head mobile gaming division

Nintendo has prevailed again in its defense of its Wiimote patents against hardware company Motiva’s accusations of infringement. Reuters reports that a three-judge panel ruled in Nintendo’s favor for a second time, after winning the original ruling in 2011. The suit was originally filed against the firm in 2008. The …

Financial services firm Cowen & Company has projected a steep decline for videogame retail sales over the next few months. Games Industry reports on a note from the company forecasting a rather bleak period between now and the annual Madden NFL release in August. Following a strong March line-up that …

Naughty Dog’s upcoming survival action game The Last of Us will be priced at Rs 2,699 in India, a drop from the usual Rs 2,999 price point for triple-A first party games. News of the price drop comes from retailer Game4u, and is probably the result of the game being …

Real-money and gold Auction Houses back online after economy crippling bug is fixed

As our Indie Retail Month continues, this week we reveal the five top fastest growing indies in the UK. Starting off the week is a look at online indie 365games.co.uk (Xbite). Xbite managing director Nick Whitehead talks to MCV about the challenges in starting up an online independent store and …