MCV/DEVELOP News, events, research and jobs from the games industry
EA CEO John Riccitiello has spoken positively about the firm’s last financial quarter which its position as the No.1 PS3 and Xbox 360 publisher in the world in 2011. This was the kind of quarter a CEO loves to report,” he told investors. It is one which generated our highest …
Read More »Ubisoft posts record Christmas sales
Assassin’s Creed publisher Ubisoft has raised its sales projections for its fiscal Q3 by €50m after achieving record Christmas sales. It expects to generate €650m in revenues in its third financial quarter of 2011-2012. This is around eight per cent more than its initial estimate of between €580m and €620m, …
Read More »GAME could face lender action as UK Xmas sales plunge 17.6%
A UK and Ireland Christmas sales slump of 17.6 per cent for the eight weeks ending January 7th has lead GAME to admit that it might have to rely on the good will of lenders to survive. Described by BBC Radio 5’s Breakfast programme this morning as the worst UK …
Read More »Exchange rates pull Ubisoft from profit to £32m loss
Paris headquartered publisher Ubisoft has reported a 32m loss for the first half of the financial year, despite preventative measures to curb expenditure. Revenues for the most recent three months, ending September 30th, were positive. Ubisoft sold 125m of goods for this period, up by about 40 million year-on-year and …
Read More »Resurgent Namco Bandai posts £64m profit
A number of top releases and an impressive display of strength in Japan has helped Namco Bandai to a very strong H1. The publisher posted a profit of 64m for the six months ending September 30th. In the same period in 2010 it reported a 15m loss. Revenues climbed 121.4 …
Read More »Warhammer helps THQ beats expectations in Q2
Strong sales of futuristic sci-fi hack ‘n’ slash outing Warhammer 40, 000: Space Marine helped THQ to post a stronger than expected Q2. Revenue reached $146m for the quarter ending September 30th. That’s not only an 89 per cent jump year-on-year – it’s also way ahead of analyst predictions. Losses, …
Read More »Sega Sammy reports revenue and profit falls
Japanese gaming giant Sega Sammy Holdings has reported a fall in both revenue and profit for the six months ending September 30th. Revenue fell to 1.2bn, a decline of 29.9 per cent. Net profit fell 83.7 per cent to 30m. Unsurprisingly the Japanese earthquake was the chief culprit in the …
Read More »Digital sales soar as Activision revenues reach $1.1bn
Activision Blizzard has posted better-than-expected revenues for Q2 2011, thanks largely to strong growth from its digital business. The publisher reported record net revenues of $1.1bn for the three months ended June 30th, up from $967m in the same period last year. This is ahead of the $985m previously expected. …
Read More »THQ reports disappointing Q1, abandons Red Faction
Just a year ago Red Faction was being touted as THQ’s golden child. It had a TV series on SyFy, it had a brand new game that hoped to build on the success of the impressive Red Faction: Guerrilla. But how quickly things change. Last night THQ reported a disappointing …
Read More »PS3 hardware sales down year-on-year
Sony sold 1.8m PS3 consoles in the quarter ending June 30th 2011. That’s around 600,000 fewer units than it sold in the same quarter last year. It’s a disappointing result for a machine that has shown such momentum in the last two years and looks set for a fantastic 2011, …
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