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

Codemasters has confirmed to MCV sister site Develop that it is to take over Sega’s UK Racing Studio, as revealed earlier this week. In a statement, the firm described the move to step in and save the studio – the closure of which Develop reported just over two weeks ago …

Shares in SCi have dropped by 17 per cent this morning , after the Eidos parent announced it had raised 60m and sold more stock to Warner Bros – effectively ending any chance of a takeover. The firm also announced that it has agreed a new distribution agreement with Warner …

The future is looking brighter for SCi Entertainment this morning, after the firm raised an extra 60 million – with property tycoon Robert Tchenguiz and media giant Warner Bros buying up sizeable chunks of a new share placing. SCi CEO Phil Rogers told Reuters that Warner Bros is set to …

Neil MacDonald steps in lead technology firm's 'ambient experiences' division

The next week could become one of the most lucrative in games retail history as Wii Fit hits shelves today – followed by GTA IV on Tuesday. Queues formed nationwide this morning as eager Wii owners snapped up the fitness-focused title, complete with balance board. Media coverage has hit an …

Britsoft firm buys Solihull-based studio, offering jobs to over 40 developers

Playing God is fun, but reigning in ambition is the real divine characteristicâ?¦

As part of its yearly financial announcements today, Ubisoft has said it is continuing to ambitiously grow its studio operations with plans to add 900 new staff to its business in the next 12 months. The French publisher, which owns 18 studios in 13 countries, said in an earnings call …

Ubisoft’s full year sales for the 12-month period to March 31st, 2008, reached €928 million ($1.45 billion at current exchange rates) – thanks to the outstanding success of the likes of Assassin’s Creed and the publisher’s casual range. The figure represents a 36.4 per cent jump from the same period …

French firm targets expansion in Singapore, India and China with plans to take total studio headcount to 4,500