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

Game Audio Network Guild recognises outstanding achievement at GDC show

Old PS One games now available on touch-screen phone

GAME Group has confirmed that a ‘third party’ has shown an interest in providing financial support to the stricken retailer. Although not mentioned in the statement, that third party is OpCapita, the investment firm who also owns electricals retailer Comet. But GAME stress that although OpCapita has sought dialogue with …

Sega’s Yakuza: Dead Souls is the latest game that will not be stocked by GAME or Gamestation. Despite the excitement surrounding a possible buyout, GAME is still suffering serious supply issues. Already, EA, Nintendo, Tecmo Koei and Capcom have not supplied game with their latest titles. That means Kid Icarus: …

GAME’s share price has shot above two pence following reports the retailer is about to be bought. That’s up 95 per cent since the start of the day. According to The Times, Comet owner OpCapita – a private investment firm – is planning to swoop for the games specialist. Meanwhile, …

The future of retailer GAME could be on the verge of being secured. The Times reports that Comet owner OpCapita has offered to buy out the GAME Group’s lenders, including the complete repayment of all of the chain’s suppliers. This has since been confirmed to MCV. This is particularly good …

Alleged cut backs affect South Park and next gen project, sources claim

MCV understands that staff within GAME’s Basingstoke headquarters believe the firm will fall into administration on March 24th unless a buyer is found. That is a day before GAME’s quarterly rent day of March 25th on which GAME will be required to pay the leases for many of its stores. …

MCV understands that American retail giant Walmart has made contact with GAME about a possible acquisition of the retailer. Walmart is the world’s 18th largest public corporation with over 9,000 stores worldwide. It is also the owner of UK supermarket Asda. In 2011 it generated worldwide revenue of $422bn. In …

Campaign to 'retake' Mass Effect 3 story ending raises over $30,000 in single day