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

The uDraw GameTablet and all related games have been discontinued after the franchise’s sales fell short by $100m. "THQ has no future commitments or plans to manufacture uDraw hardware," the company said in its latest financial report. Revenues for the PS3 and Xbox 360 versions of uDraw – which were …

Take-Two reckons its financial 2013 will be one of its ‘best year ever’, hinting at a Christmas release for Grand Theft Auto V. The parent of GTA publisher Rockstar Games has just reported a drop in profits for its fiscal Q3 ending December 31st, but is confident its next financial …

Rockstar and 2K parent firm made $236 million in sales across Q3

Over-the-top action crime game Saints Row: The Third was the largest owned-IP launch ever for THQ. The publisher confirmed that it shipped 3.6m units during its financial third quarter, and 3.8m life to date. These figures were released in THQ’s latest fiscal report, where the company said it expected to …

Take-Two has reported a 65 per cent drop in profit to $14.2m for its fiscal Q3 ending December 31st 2011. The Rockstar and 2K parent generated $236.3m in sales during October, November and December. This represents a 25 per cent year-on-year dip compared to the $334.3m made in the same …

Company assures investors after posting $56m loss for Christmas quarter

The Saints Row publisher has posted its financial results for its third quarter, showing a 275 per cent rise in net losses since the same period in 2010. THQ posted a net loss of $55.9m for the three months ended December 31st, 2011 – up from just $14.9m in the …

The UK games retail market remained steady with 12.1m generated from video game sales – the same as the week prior. Unit sales rose marginally with 571,229 games sold. But with little new releases on the shelves, there wasn’t enough to give the market a much-needed kick. EA’s FIFA 12 …

Hours of speculation about GAME’s survival are hopefully over as the retailer has brokered a new deal with its lenders. The Board of GAME Group this evening announced it has ‘concluded discussions with its lending syndicate and agreed revised terms for its facilities’. While GAME has agreed to ‘operate within …

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