MCV/DEVELOP News, events, research and jobs from the games industry
Established Xbox rumour-monger ‘MS Nerd’ has claimed Microsoft will reveal a new Xbox Lite console at E3 in June. The device, he says, will be similar in design to Apple TV, containing an ARM-based architecture and retailing for something in the region of 100. It will focus on Xbox’s networked …
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PwC: GAME job losses are "regrettable"
Administrators PwC have said that today’s loss of over 2,000 jobs at GAME and Gamestation is regrettable” but that the move will place the company in a stronger position”. And furthermore, the company still intends to agree a sale for GAME’s remaining assets and for the company to continue trading …
Read More »GAME CEO Ian Shepherd steps down, confirms store closures
Ian Shepherd, the CEO of retailer GAME, has resigned from his role. I’ve said a number of times that the administrator, once appointed, takes charge of the business,” an internal GAME memo reads. Having two people try to do that is both confusing and a waste of money. With that …
Read More »GAME: Administration came after period of "careful consideration"
Retailer GAME has issued what may well be its final statement before the process of dismantling the retailer begins. It follows confirmation of its official entry into administration just moments ago. Further to our announcements of March 21st, the Board of GAME has completed its discussions with lenders and third …
Read More »GAME enters administration
After two months of worry and rumour, GAME has as of today officially entered administration. PwC remains hopeful that a going concern sale of the business is achievable”, but that will not stop the closure of many stores and the potential loss of thousands of jobs. PwC has not yet …
Read More »Ian Shepherd attacks media GAME coverage
GAME CEO Ian Shepherd has attacked the media for its reporting of the GAME situation. The comments come to light as GAME and Gamestation employees wait for official confirmation of the retailer’s going into administration – and the store closures and job losses that will result. MCV has this morning …
Read More »GAME to enter administration, fails to find buyer
As expected, retailer GAME will this morning enter administration. Furthermore, Sky News presenter Joel Hills has claimed via Twitter that no buyer has been found for the chain. The news sadly points to a store closure programme, with staff likely to be told today of which branches are to close …
Read More »RBS GAME bid gathers press momentum as store closures loom
Two more national newspapers have reported that The Royal Bank of Scotland is leading a consortium of bidders interested in acquiring The GAME Group. Yesterday MCV reported that a Sunday Times story claiming that the state-owned bank was interested in saving GAME from collapse. This morning The Telegraph reports that …
Read More »Silent Hill: Book of Memories on Vita delayed
Silent Hill: Book of Memories will miss its March 27th release date, and it appears it’ll be months before we see the survival horror franchise’s debut on the PS Vita. Online retailers Amazon and Gamefly have both listed a May 31st placeholder release for the title, but at the moment …
Read More »Report: GAME talks collapse, administration sell-off imminent
Talks to save GAME have reportedly collapsed, with reports suggesting that it will enter administration tomorrow when an immediate sell-off of assets will begin. The Express reports that the move will trigger a sale of GAME’s most valuable assets in what it describes as the biggest retail failure since Woolworths”. …
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