Tag Archives: crisis

Up to half of Eastern European boxed PC games are being stripped of their codes and sold across France, Germany and the UK at cut price, MCV can reveal. It’s no secret – hundreds of ‘key code’ online retailers have set up business and are selling PC games for as …

Worrying about broken street dates might seem like a very Old World problem to many. But ‘tiny‘ issues like this matter more and more as games retail fights for a bigger part to play in the release of big titles. These days anyone can launch a game, but it’s not …

They said it was the summer of games – but only thanks to the Olympics. If you’re a games retailer, it has been a miserable few months, with the market at times selling fewer games than ever as the release schedule dried up. What’s caused the decline? Two weeks ago …

Just what is going wrong amongst UK games retailers? A number of senior trade execs have told MCV the market slump has left them perplexed – compounded by a seeming reluctance from some corners of retail to do anything about it. In the last few week’s MCV has reported on …

The collapse of GAME took a heavy toll on the UK games retail market last month. 2.7m games were sold during March, a whopping 34 per cent drop on the 4.1m games sold during the same period in 2011. In total, retail generated 67.7m last month, a year-on-year drop of …

PS3 platform holder Sony has predicted a huge impact’ to its earnings as a result of the deepening European financial crisis. Bloomberg reports that Sony buys very few components from Europe, meaning the list of possible actions it can take for mitigating circumstances is significantly reduced. Europe is one of …

The PSN downtime has cost the games industry millions of pounds in lost revenue, while new releases have hit shelves untested. Yet Kalypso’s new business development director – and digital specialist – Charlie Barrett says this short term pain will ultimately benefit the games market. If measures are put in …

In a chilling warning ahead of the global games industry gathering at E3’s LA Convention Center, Namco Bandai’s VP of sales, marketing and publishing Olivier Comte has outlined what he sees as the unprecedented challenges faced by modern gaming. I think that today we are seeing the first big crisis …

The world’s PS3s are working again. After a day of panic and a what must have been a very long and nervous night for Sony execs, the internal clock bug that saw around 92 per cent of the globe’s PS3 consoles stop working correctly yesterday has been defeated thanks to …

Activision’s president and CEO of publishing Mike Griffith has stated that the global economic crisis, and more importantly resulting deflated company values, could pave the way for his firm making further acquisitions. Griffith told Bloomberg: The combination of Activision holding a fair amount of cash and presumably prices being depressed, …