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

Media mogul Sumner Redstone has sold his 87 per cent controlling stake in Midway Games to a private investor for $100,000. According to the Wall Street Journal, Redstone sold the stake to ‘ease his load’. His network of businesses had begun to cause him fiscal trouble – as reported on …

The credit crunch has already taken its toll on many sectors. From the automotive industry to manufacturing and retailing, the companies that were once the cornerstones of the British economy are suffering some of the country’s biggest losses. It seems that no one is immune to the global meltdown, which …

Developer-focused event to run alongside Cologne games show in August

Shinji Mikami, the original creator of Capcom’s Resident Evil franchise, has admitted that he won’t be playing the upcoming fifth addition to the series as he claims it would make him angry” if it isn’t as he would like. MCV’s sister site Develop has the full story – click here …

Alten8's internal studio welcomes Glu Mobile veteran

Capcomâ??s former developer says that heâ??d be angry if he didnâ??t like upcoming zombie romp

With Harry Potter due to cast a spell on cinemas next year following the delay to the release of recent Hollywood outing The Half-Blood Prince, claims have emerged that J. K. Rowling’s literary smash hit will be the next brand to receive the Traveller’s Tales LEGO treatment. For the full …

Speaking to Spanish newspaper Il Finaciero James Armstrong, Sony’s chief executive in southern Europe, has revealed that Gran Turismo 5 will be released in Christmas 2009 release date in Europe. The news, translated by Gran Turismo fansite GTPlanet, would suggest a late summer 2009 release in Japan, with the US …

Dragon’s Den star Theo Paphitis is reportedly among a number of potential buyers ready to buy chunks of Woolworths. Several meetings have taken place between interested parties and Woolworths’ administrators, Deloitte, since the retailer went into administration last week. Pahpitis is thought to be interested in a number of Woolworths’ …

Despite repeatedly confirming there will be no official price cut for the PS3, Sony is offering significant savings to consumers who purchase various models of the console directly from its website. Available in 40Gb, 80Gb and 160Gb versions, current prices for the PS3 on Sony Europe’s direct sales division Sony …