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

Tencent has reported revenues of $9.8bn in it’s Q3 2017 financials, an increase of 61 per cent year-on-year. Tencent is the world’s biggest games company, and made $2.7bn in profit over the last quarter, a rise of 69 per cent year-on-year. Nice. The two figures combined are the company’s strongest …

The world’s biggest games company has smashed expectations for its Q3 2017. Tencent reported revenues of $9.8bn, which is up 61 per cent year-on-year and almost as much as EA and Activision combined. Its profits for the period hit $2.7bn, up 69 per cent. This represents the company’s strongest growth …

Shortly after it was announced that Lucas ‘Steel’ Lopes would be replacing Peter ‘Stanislaw’ Jarguz in Team Liquid’s active roster, Jarguz took to Twitter to share his side of the story. Jarguz posted his account on Twitlonger, starting: “I was brought into Team Liquid to bring success with my leadership capabilities, …

A 61 per cent year-on-year growth in revenue has been down to mobile and PC games, along with sales and advertising

GameStop’s new pre-owned rental scheme has been abruptly paused and possibly abandoned altogether. Kotaku reports that the chain yesterday told employees to take down all PowerPass signage. The scheme only launched last week. In a worrying sign for users, those who had already registered are being asked to return their …

Total War’s new spin-off series now has a name. It will go by the moniker ‘A Total War Saga’, and we already have confirmation of the first entry – Thrones of Britannia. The hook for the series is that it will focus on pivotal historic moments rather than more broadly …

Nintendo may actually be nearing the point of striking a deal to see Mario return to the big screen. The Wall Street Journal reports that the company is close to an agreement with Illumination Entertainment, which is the studio behind the Despicable Me and Minions series. Talks have apparently been …

The number of visas is doubled and £20 million is being invested in public funds, but no mention of how this affects the games industry

Retailer GAME has reported a pre-tax loss of £10m for the year ending July 2017. In contrast, in the previous year it posted a £1.1m profit. Revenue was down 3.6 per cent year-on-year at £782.9m, while gross profit fell 5.7 per cent to £205.1m. As always, a “challenging” market was …

The partnership will send three developers on the Train Jam event along with VIP GDC access