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

Chief operating officer resigns on eve of companyâ??s quarterly financial report

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Developer Turbine will assume full control of MMO title The Lord of the Rings Online in Europe from June 1st, merging the US and European servers in the process. Until now Codemasters has handled the game in Europe. Current players will need to migrate their Codemasters accounts to the new …

Two private equity firms buy 'slight majority'

Publisher THQ has confirmed that it has entered into a multi-year extension to its current agreement with Games Workshop for the Warhammer 40,000 game rights. The deal grants THQ exclusivity to use the license across all platforms including console and mobile. To date the company has published a number of …

Mobile games network OpenFeint has been acquired for $104 million by Japanese games firm Gree. Both firms have claimed that the OpenFeint brand, and its CEO, will remain intact following the buyout. Its new owner, Gree, provides a similar service and said both forces will build a global ecosystem of …

Shigeru Miyamoto, the lead developer at Nintendo, has said that gamers should expect more remakes of classic titles to make their way to the 3DS. The company already has remakes of The Legend of Zelda: The Ocarina of Time and Starfox on the way, while third parties have similar plans …

A new version of the Wii? Something completely new? Details about Nintendo’s confirmed Wii successor are non-existent, but retailer GAME is already excited. "The Nintendo Wii has been one of the most popular games consoles in recent years, and has transformed the gaming landscape," Neil Ashurst, Head of UK PR …

Chart-Track has reportedly revealed that the Xbox 360 version of Valve’s Portal 2 was by far the most popular of the three SKUs released. ShopTo.net claims to have confirmation that Microsoft’s machine accounted for 54 per cent of overall sales. PS3 claimed just 35 per cent, despite the fact the …

Leading UK video games retailer GAME reports its annual financials tomorrow – and the national press is expecting a significant slump in profits. The Guardian reports that GAME will report a 60 per cent drop in profits for the year ending January, a downturn it blames on the rise of …