HMV’s profits plunge

HMV swung to a loss of 121.7m from a profit of 49.2m the year before. Total Group sales fell by 7.4 per cent, while like-for-like sales fell 11 per cent. Pre-tax profits sit at 18.8m. HMV’s total debt now sits at 170.7m, a significant increase from the 67.6m the year …

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OPINION: Industry hasn’t learnt from LulzSec

From Nintendo to Bethesda and BioWare to Epic, LulzSec hit some of the biggest names in our industry. Not only were websites and forums brought to their knees, but the games themselves and the players within them, too. Popular online titles such as Minecraft and EVE Online were taken down …

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Indie up for business award

New online retailer Hitari has been shortlisted in the Nectar Business Small Business Awards 2011. The games specialist is in the running for Start-Up of the Year. Founder Kamal Hitari set up the business so he could work from home and look after his son who was born with a rare …

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HMV won’t accept Mercenaries trade-ins

UK entertainment retailer HMV will not be accepting trade-in copies of 3DS title Resident Evil: Mercenaries, which is released in the UK this Friday. PR boss Gennaro Castaldo told VG247 that the decision was made avoid any potential customer disappointment for those purchasing a pre-owned version”. However, a spokesperson for …

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Invizimals dev signs with Sony

Spanish developer Novarama has penned a new deal with Sony that will see the studio’s future content released exclusively on Sony devices. Novarama was the team behind PSP release Invizimals and is currently working on PS Vita launch title Reality Fighters – a game that will now be tied to …

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