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

As part of its financial announcements today, Take Two confirmed the invevitable : that a sequel to its best-selling BioShock is in development and is due next year. For the full story, head over to our sister site Develop.

Take Two has announced its financial results for its first quarter ended January 31st, with revenues down year on year from $277.3m to $240.4m – although the firm said that Q1 2007 had benefited "from more new game releases", hence the drop. The firm’s sales were led by a number …

Sequel to bestselling and highly regarded 360/PC game developed by new Take Two team

Procedural texturing system to feature in new studio's first title

Passes now available for June event - website updated too

Retail must plan around Disney product differently to maximise revenue, the publisher’s sales boss has told MCV. Matt Castle believes that the High Street needs to better embrace the cross-franchise opportunities Disney titles represent – or risk missing out. We are unique with our and brand and our offering,” Castle …

WiiWare Week: Developer of Gravitronix talks up platform's potential and says it will help win over more non-gamers

Having altered things ever so slightly since its last release schedule , Sony has confirmed that the long-awaited Gran Turismo 5 Prologue will be released on Wednesday March 26th in the UK for 24.99. That’s the date for the Blu-Ray version, at least. A download-only PSN version will arrive a …

Following Microsoft’s official confirmation of a price drop across its entire Xbox 360 range, Strategy Analytics has stated that the move will put pressure on Sony to follow suit with its PS3. Sony will be nervous that the PS3’s recent sales surge may fizzle out now that the premium Xbox …

As the ‘will they won’t they’ saga surrounding EA’s proposed takeover of Rockstar-owning Take Two continues , two major Take Two shareholders have cut their stake in the publisher, Reuters reports. Oppenheimer Funds has cut its stake from 23 per cent, or 8.8 million shares, to just 11.5 per cent, …