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

George Osborne has hailed the UK’s video games legacy – and what that means for Britain’s potential as a technology hub. In official comments issued today supporting the new GREE studio in London, he said that "the Government is determined to makeBritainthe technology centre of Europe, with theLondon’sTechCityat its heart." …

The new Tech City games studio from GREE will be geared towards Western content and local social trends. In the official announcement about the new studio, which will be housed at the East End’s ‘Silicon Roundabout’ hub of digital games firms, UK GREE chief Ryotaro Shima said the plan was …

UK games retailers made 8.4m from software sales last week, the lowest since records began. The market has been teetering at this level for a few weeks now as new releases dry up. 394,688 games were sold in total for the week, with Sega’s official Olympics game the No.1 seller. …

UK chancellor George Osborne will later today announce that mobile games giant GREE will open a UK studio in London The news means the Japanese mobile giant will joint a long list of established studios in the UK capital, plus newcomers Amazon, Facebook, Konami, Xbox and YouTube – who all …

Premium service pulls in more than 2m subscribers

A Rise of the Triad reboot is in the works for PC, Apogee Software and Interceptor Entertainment have announced. A gameplay video shown at QuakeCon earlier today took the lid off the title, with a playable build of the title available at the event for attendees to check out. Like …

Temple Run has surpassed 100m downloads on iOS and Android just one year following its debut on the App Store. The free-to-play endless action mobile title has racked up 68m and 32m downloads on iOS and Android respectively. To celebrate, the developer has released all of its previous games for …

EA has officially announced new add-ons for Mass Effect 3. First up, after several unofficial reveals, the Leviathan DLC was finally confirmed by the company during its Summer Showcase. The new content will focus on Shepard hunting down a mysterious being said to be powerful enough to destroy a Reaper. …

With everyone in the mood to increase prices, World Wide CD Roms has announced a drop in prices for several Activision games on Xbox 360 and PS3, including Call of Duty: Modern Warfare 3. Modern Warfare 3, which launched at Rs 3,499, now drops to Rs 2,799 on both consoles. …

Revenue soars to over $1bn