ShopTo profits rocket 254%

Online indie ShopTo.net has seen its profit leap 254 per cent for the six months ending January 31st. The company says it has ‘defied’ the slowdown seen in games by posting record results. Its market share in hardware also leapt during the period, with sales of consoles accounting for 8m …

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UKIE plans to make UK crowd funding legal

Industry trade body UKIE will publish a report next week outlining how to make crowd funding legal for UK games firms. It wants to change legislation so that publishers and other games companies can receive money from large numbers of individuals, in order to fund new projects. The news comes …

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