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

Midway has recorded losses of $33.5 million for the three month period ending September 30th, compared to a $22.2 million loss in Q3 2006. Meanwhile, revenues landed at $36.7 million for Q3 – up from $27.4 for the same period last year. The publisher has enjoyed success with Stranglehold on …

Brain Training was just the start – Nintendo has even bigger plans to revolutionise gaming with titles like Wii Fit, Sight Training and Face Training. That was the message from the Japanese platform holder this week as it showcased its forthcoming titles to mainstream and industry press, while stressing that …

THQ has revealed its fiscal results for its second quarter, reporting a net loss of $7 million. The figure compares poorly to the $11.6 million reported for the same period a year ago. However, the company said that the loss was consistent with its revised financial guidance. The firm’s total …

It’s got an installed base bigger than all three current-gen home consoles put together, boasts a phenomenal library of software, and is continuing to reach out to younger audiences and kararoke fans though Buzz! and SingStar. They’ve even got a fitness game on the market already through EyeToy – Wii …

Thought PlayStation 2 hardware sales were going to quietly disappear after the revenue frenzy of Christmas? Think again – Sony is preparing to introduce a new, cut-price model of the console in early 2008. MCV can exclusively reveal that this ‘compact’ PS2 will hit the US at just $99 in …

Electronic Arts is to close its Chertsey, UK facility as part of a large-scale reorganisation of the business. The plan to split the company into four separate labels was announced in June, but was official approved by EA’s board of directors at the start of this week, according to MCV …

Restructuring hits full swing as publisher announces Q2 financials

One of the biggest franchises in Japanese gaming has assumed its normal position atop of the Japanese software charts with DS release Final Fantasy Tactics A2: The Sealed Grimoire debuting in first place according to date from Media Create, Kotaku reports. The Square Enix title is one of seven new …

Only hours after its official release in North America, hackers familiar with Sony’s PSP have discovered that the scenes of gore removed from Manhunt 2 to appease US censors are still present in the code – and an unedited version of the game has already made its way onto file …

Dutch firm gets third contract with Sony