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So new, risky IP can’t be a commercial success, right? Wrong. Sony’s hugely ambitious and totally off-the-wall interactive crime thriller Heavy Rain has lived up to the hype and debuted in top spot in the ELSPA GfK Chart-Track All Formats Top 40 this week. It’s Sony’s first UK number one …

US retailer Blockbuster has posted some disturbing numbers for its most recent financial quarter, with Q4 net losses at the company hitting $434.9m – up on the already savage $359.8m loss suffered in the same period a year before. Revenues fell by 18 per cent to $1.08bn. Company debts are …

Microsoft will directly challenge Nintendo’s mass-market media efforts when it launches Natal later this year. MCV understands that format-holder Microsoft is already planning early promotional efforts for the camera device to include celebrity endorsements and coverage in non-games media. Microsoft this week invited an ‘elite selection of media’ and non-games …

The Entertainment Retailers Association has defended Tesco and Asda’s decision to take their first tentative steps into the pre-owned market. Given the size and success of the pre-owned market, it is only logical that existing games retailers are expanding into the pre-owned sector alongside their new games offering,” ERA director …

So, were you one of the chosen ones? Finalists for the 2010 MCV Industry Excellence Awards have been chosen (scroll down for the full list below if you just can’t wait) – and over 60 companies are in the running for the hotly-contested awards. Activision and Ubisoft score the most …

We’re all too used to developers bemoaning the conditions under which publishing partnerships are formed, but Gearbox chief Randy Pitchford has bucked the trend by literally saying he’d rather die than worry about the logistics of games retail. Publishers are a blessing to me,” Pitchford told MCV in an interview …

Audio heads at SCEE and Ubisoft explore the state of sound design

It has emerged that GameStop CFO Cathy Smith has resigned from the global games retailer after just six months in the role to take up the role of CFO at US retail giant Wal-Mart. Current chief accounting officer Robert Lloyd, who has been at GameStop for 14 years, is to …

Further to its confirmation of a North American release date yesterday, Nintendo has just this moment confirmed a UK release date of June 11th for Super Mario Galaxy 2. The release date is even earlier than the mid-summer prediction muttered earlier today and will delight the platform holder’s legion of …