MCV/DEVELOP News, events, research and jobs from the games industry
Conservative MP and UK Chancellor George Osborne has said that today’s confirmation of video games tax breaks will create new jobs in the sector. This is a key industry of the future and I want Britain to be one of its biggest centres,” he said. 95 per cent of UK …
Read More »Facebook share price continues to fall
Having seen $10bn wiped off its value yesterday, Facebook has again got off to a troubled start on the markets today. Following its acquisition of Oculus for $2bn on Tuesday night, Facebook saw a seven per cent decline in its share price throughout yesterday, falling from $64.65 at the start …
Read More »UK video games tax breaks – who qualifies?
At long, long last UK video games tax breaks are upon us, but who is it precisely that qualifies? The draft legislation calls the relief a ‘tax relief for video game development’. The legislation does not define the term ‘video game’ and the intention behind this was to avoid including …
Read More »GameStop narrowly misses revenue estimates as Q4 like-for-likes climb 7.8%
Global games retailer GameStop has reported a like-for-like sales increase of 7.8 per cent for the quarter ending February 1st. Sales for period grew from $3.56bn last year to $3.68bn, although this was short of the $3.79bn consensus estimate. Earnings fell from $261.1m last year to $220.5m. For the full …
Read More »Iribe: We never intended to sell Oculus; Facebook buyout completed in just three days
Oculus CEO Brendan Iribe has said that it was never the plan to sell the company. Despite this, so convinced were he and fellow co-founder Palmer Luckey that the actual deal that saw Facebook acquire the firm for $2bn was wrapped up in just 72 hours. We got the deal …
Read More »EC approves UK video games tax breaks
Tax breaks for the UK video games industry are happening. The ‘will they won’t they?’ saga that has rumbled on for years has now been green lit, as previously confirmed by MCV last week. The European Commission has concluded that UK plans to grant certain tax relief to producers of …
Read More »Oculus Rift backers react in anger to Facebook buyout
A number of those who supported Oculus Rift’s Kickstarter campaign have lashed out at its sale to Facebook. Although there is nothing in Kickstarter’s T&Cs to prevent a company being acquired, many backers feel betrayed that their money has helped to fund a product that is now owned by Mark …
Read More »Respawn details its ‘Wimbledon of aimbot contests’ for cheaters
Those found to be cheating at Titanfall on PC have some good and bad news coming their way. In a Titanfall FAQ on the official site Respawn confirmed that as of last week a change to its FairFight cheat detection system took effect. So what now happens if a player …
Read More »King suffers worst IPO day one of 2014
It was a rough day on the markets for casual games maker King yesterday. The Candy Crush Saga maker kicked off its IPO with an introductory stock price of $22.50. By the end of trading that had fallen to $19 – a decline of 15.5 per cent that VentureBeat says …
Read More »Now 3D Realms reckons it still owns the Duke Nukem license
The farcical legal fracas between 3D Realms and Gearbox has taken another twist. It was revealed last month that Gearbox is suing 3D Realms following the latter’s confirmation that it intends to release a new Duke Nukem title. Gearbox says that the IP transferred into its ownership when it bought …
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