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

Publishers PlayLogic and Virgin Play have revealed a plot to partner for a joint venture named PlayV – and have promised to shake up the market. PlayV will bring PC, console and handheld products from both firms to the UK market, as well as offer a range of services to …

The full transcript of Take Two’s Q2 earnings call is available online now. In the call, the company’s management team discusses why it predicts 2K Sports won’t make a profit this year, the potential of the Far Eastern MMO market and the possibility of releasing a rhythm action title to …

Take Two has forecast that its 2K Sports label will make a loss this year – predominant because its sports titles haven’t fared well in terms of attach areta on 360 and PS3. The company expects the label to make 15 per cent of its total FY revenues for 2008, …

Take Two’s battle to wriggle out of being acquired by EA has been a costly process, according to its Q2 fiscal announcement . The official documents state that Take Two’s spendings amounted to $5.3 million in the six months to May 31st – a sum that went to "professional fees …

Take Two executive chairman Strauss Zelnick has refused to rule out the creation of a Guitar Hero-style title from the US publisher. Speaking in an earnings call following Take Two’s successful Q2 fiscal results, executive chairman Strauss Zelnick was asked if Take Two would add a rhythm action title to …

Take Two has revealed new sales figures for Bioshock and GTA IV – with the latter hitting 8.5 million sales to consumers. In total, GTA IV has sold 11 millon units into retail in the period to May 31st. The game was released on April 29th and famously sold six …

Nintendo dethroned as GTAIV smashes records in Develop-exclusive ranking

In its Q2 fiscal report, Take Two has revealed that the release of episodic content for GTA IV on the Xbox 360 will be delayed to Q1 2009. The additional episodes were due to be released over Xbox Live in Q4 this year. Take Two’s FY 2008 ends in November. …

Take Two has raised its FY2008 fiscal after a stunning second quarter that saw a $149m year-on-year rise in profits. The firm reported net revenues of $539.8 million for the quarter ended April 30th, compared to $205.4 million a year before. Quarterly net profit stood at $98.2 million, up $149.4 …

100 are said to have lost their jobs at the George Lucas games studio