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The MMO specialist has released its financial results for the quarter ended March 31st, in which both profits and sales were up. On a consolidated basis, sales came to $84.3 million, (88.1 billion Korean Won) operating income of US $18.9 million (KRW 19.7 billion), and net profit of US $7.7 …

Nintendo has been found guilty of infringing on a patent while designing controllers for GameCube and Wii. The hardware developer has been told to pay Texas-based gaming company Anascape $21 million, the Associated Press reports. The jury found that Nintendo infringed on Anascape’s patent during the design process for the …

The co-ordinators of Games Convention 2008 have revealed attendance is set to beat the levels set in 2007. The event, which the organisers have called Europe’s benchmark fair for the games industry” is set to take place in Leipzig on August 21st to 24th this summer. A game music concert …

The success of games such as GTA IV has coincided with a drop in violent crime, says a report in International Journal of Liability and Scientific Enquiry. Patrick Kierkegaard of the University of Essex claims that violent games can actually reduce aggression, and that evidence linking games to violence is …

You'd be forgiven for not knowing Paradox, a Swedish studio dedicated to catering for hardcore historical strategy gamers. Releasing your game engine for free, and giving a distribution and royalty-sharing deal to anyone, however, is bound to get you noticed - and noticed they were, says CEO Thedore Bergquist...

Microsoft has announced that Xbox 360 has become the first next-gen home console to hit 10 million unit sales in the US. "History has shown us that the first company to reach 10 million in console sales wins the generation battle," said Microsoft senior VP Don Mattrick in a statement. …

A tough comparison to last year – when Blizzard’s World Of Warcraft: The Burning Crusade was released – has left Vivendi Games’ revenue for its first fiscal quarter down 24 per cent year-on year. The division’s full revenue for the quarter ended March 31st, 2008 was €221 million ($341.5 m) …

Wedbush analyst Michael Pachter has given his verdict on whether EA will end up buying Take Two this week – and so long as the Rockstar parent is ‘reasonable’ he believes it’s likely to go ahead. EA’s $2 billion tender bid for Take Two is set to expire on Friday, …

The global president of MTV Networks’ digital division has predicted that EA and other established boxed video games publishers face a "huge challenge" in making serious money from free-to-play casual titles. Speaking to MCV sister site CasualGaming.biz, Salmi said that MTV had a huge advantage” over companies such as EA, …