MCV/DEVELOP News, events, research and jobs from the games industry
Online games firm Zattikka could go into administration next month as it struggles to make a loan payment of 275,000. The company revealed on July 9th that it was due to pay the interest, but it has still failed to make the payment. Zattikka-owned developer Hattrick, which is owed the …
Read More »Hilco acquires HMV debt
The future of HMV on the UK High Street appears to have been saved. HMV Canada owner Hilco has acquired the chain’s debts, giving it control of the company. The Financial Times reports that the move to take control of the money owed to Lloyds and Royal Bank of Scotland …
Read More »The end comes for Comet as all stores prepare to close doors tomorrow
Administrator Deloitte has confirmed that all remaining Comet stores will close their doors tomorrow (December 18th). Many closed for good over the weekend. The move will result in the loss of some 6,600 jobs just days before Christmas. 2.1m in holiday and back pay will be paid to employees. It …
Read More »35% of Brits have got into debt to buy Apple products
The iPad 3 is expected forrelease on March 7th, which has revealed 78 per cent of the UK believe Apple updates its products too often, according to discount websiteMyVoucherCodes.co.uk. Results also show that over a third of Brits have fallen into debt in their desperation to keep on top of …
Read More »Profits up at Future
Future Publishing has posted a slight increase in profit for the year ending September 30th 2010. The period saw profits of 8.3m, up from the 7.6m in the same period a year before. Revenue fell one per cent to 151.5m. Net debt was reduced by nearly 50 per cent to …
Read More »id acquisition worth $105m+
Maryland-based media empire Zenimax media had raised $105 million in debt financing to facilitate the acquisition of landmark Texan developer id. That’s according to an SEC filing, found here. The public filing itself did not disclose the total amount Zenimax put forward to acquire id, and it’s not known if …
Read More »Nintendo clarifies EUK debt
As Woolworths’ closing down sale gets underway today, leading platform holder Nintendo has spoken exclusively to MCV regarding claims in UK newspaper The Sun about the amount of debt owed to platform holders by the Woolworths-owned EUK. The tabloid yesterday claimed that EUK is expected to go into liquidation within …
Read More »ChoicesUK finally finds buyer
The administrator of troubled retail and fulfillment firm ChoicesUK has finally found a buyer – in the shape of multi-channel retailer Findel. Findel has made the purchase on behalf of its sister company Webb Group Ltd. According to administrator PricewaterhouseCoopers, the new business will focus on driving forward ChoicesUK’s wholesale …
Read More »28 ChoicesUK stores shut down by administrator
The administrator of troubled retail and distribution firm ChoicesUK has already closed 28 of the company’s stores – resulting in 240 redundancies. MCV can reveal that 35 of the job losses were made at the firm’s Peterborough head office, following an operational review of the retailer by administrator PricewaterhouseCoopers. Joint …
Read More »Significant interest in ChoicesUK buyout, says administrator
The company handling ChoicesUK’s administration has told MCV that it has already been contacted by a handful of businesses interested in acquiring the retail and distribution firm. PricewaterhouseCoopers was appointed as joint administrator of ChoicesUK last week. A company spokesperson added that a date for a creditors’ meeting was yet …
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