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

Japanese social gaming giant Gree has acquired mobile game developer Funzio in a deal worth $210m. Funzio has developed a raft of popular free-to-play App Store titles like Modern War, Kingdom Age and Crime City, which have been downloaded over 20m times. Players can purchase extra in-game currency to progress …

Weekly userbase increases by 100,000 in just under a month

Think the big money is in paid-for apps? Think again – the real money is in in-game purchases. The latest figures from research firm Newzoo show that over 90 per cent of mobile game revenues in the US is generated by microtransactions, according to Gamasutra. That’s considerably higher than in …

Steam users can now initiate downloads and manage their games through a web browser or mobile device. A new Steam Beta client has gone live which, once installed, lets users download titles while they’re out which will become ready to play when they get home. Players have to make sure …

Treyarch shows off new texture technique 'reveal mapping' and confirms DX11 compatibility for PC

The Home Retail Group has suffered a 60 per cent year-on-year decline in profits after a poor performance from Argos. The Home Retail Group’s profits fell from 265.2m last year to 90.2m. The main culprit was Argos, whose sales declined seven per cent to 3.8bn. While the Group’s performance in …

The Kickstarter campaign for a new Shadowrun title has ended with more than $1.8m generated in pledges. Shadowrun Returns will be developed for PC and tablet, with Jordan Weisman at the helm. Weisman is one of the creators of the original pen-and-paper RPG Shadowrun. The Kickstarter campaign started in early …

Nintendo’s early success in appealing to the mass market and new gamers has eventually lead to the company’s current struggles, president Satoru Iwata has admitted. "The Wii was able to reach a large number of new consumers who had never played games before by bringing hands-on experiences with its Wii …

Purchase to expand 'mid-core' games range on social games platform

Russia is the largest country in the world, and as a result, there’s plenty of room for a variety of retailers. In fact, no single group of outlets dominates the High Street. Independents still account for a significant chunk of sales, holding their own against electronics chains and specialist gaming …