MCV/DEVELOP News, events, research and jobs from the games industry
Having this morning revealed that it will not be stocking key Q1 release Mass Effect 3, GAME’s share price has plunged 15 per cent. The retailer’s share price opened at 5.57p this morning. Despite climbing briefly to 5.98p, in the hours that followed the Mass Effect 3 news the price …
Read More »Facebook gaming on the decline
Just one year ago it seemed that Facebook WAS gaming, but 12 months down the line and it looks as if playing games on the world’s leading social network is on the decline. A new report from IHS Screen Digest Media Research claims that at the end of 2010 around …
Read More »Sega dev: The console market can only get smaller
One of the most successful Japanese console game developers has predicted that the console market will continue to shrink and in its place will rise a stronger, dominant portable games market. Consoles – PS3, PS4, Xbox 360-2 – the market for those will get smaller, and the main market will …
Read More »2011 US games market down 8% leaving UK as worst performer
NPD has confirmed that the US video games market declines eight per cent year-on-year to $17.02bn in 2011. That’s the same rate of decline that was seen in Japan last year, and sadly leaves the UK out alone as the worst performing video games market out of the traditional ‘big …
Read More »Tesco’s LFL UK sales fall 2.3%
The UK’s largest retailer, Tesco, has reported a 2.3 per cent like-for-like drop in sales in the UK for the seven weeks ending January 7th. It’s the chain’s worst UK performance in two decades. The numbers are in contrast to Tesco’s best ever international performance, with total group sales climbing …
Read More »UK video games market falls 13% in 2011
The overall UK video game market was worth 2.52bn in 2011 according to the latest UKIE figures. That represents a year-on-year drop of 13 per cent from 2.88bn and a third year of decline. In 2009 the UK market was worth 3.31bn and in 2008 it reached a record value …
Read More »GAME shares tumble 91% year-to-date
The markets have reacted dramatically to GAME’s full year revenue target downgrade issued last week. The crash comes despite GAME’s repeated assurances that it continues to outperform the UK market. At the start of play on Wednesday November 16th, the day on which GAME issued its statement, GAME Group’s share …
Read More »US market grows – but not by much
The US video games market managed to grow year-on-year in October, but by a far smaller margin that some analysts had predicted. The overall market grew one per cent to $1.08bn, with software climbing three per cent ($621.3m) and hardware six per cent ($295.6). Accessories fell five per cent to …
Read More »Facebook gaming on the decline?
The biggest 20 games operators on Facebook are combating a steady drop in daily user retention, an analyst group has said. IHS Screen Digest claims that, during the first three quarters of 2011, the likes of Zynga and PopCap noticed a downward trend in user engagement. User engagement is a …
Read More »Social gaming rise linked to console decline
Social gaming is directly contributing to the global decline in console software sales, new data suggests, with masses of people playing and spending less on core systems in favour of Facebook games. A survey of 1,400 qualified respondents shows that, contrary to popular belief, 69 per cent of social gamers …
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