MCV/DEVELOP News, events, research and jobs from the games industry
CEO of Electronic Arts John Riccitiello has cautioned Take Two’s Board against trying to dissuade its stakeholders from accepting EA’s ‘hostile’ offer for the firm – warning that the move could have a devastating effect on the publisher’s shares. Take Two yesterday urged its shareholders to ‘take no action’ over …
Read More »Riccitiello: Take Two bid is all about Rockstar
Electronic Arts CEO John Riccitiello has said that Rockstar is the publisher’s primary interest” in its bid to acquire Take Two. EA’s buyout of Take Two became a much stronger possibility yesterday – as the US mega-publisher went ‘hostile’ by approaching individual shareholders with a tender offer of $26 per …
Read More »Sony restructures to target MMO market
President of Sony Computer Entertainment Kaz Hirai has taken charge of the company’s online business – separate to its PlayStation division – as part of a company restructuring that will sees the platform holder aggressively pursue the online gaming market. Current president of Sony Online entertainment John Smedley will report …
Read More »Take Two tells shareholders to ignore EA bid
Take Two’s Board of directors has recommended that its stockholders ‘take no action at this time’ in response to EA’s new $2 billion tender offer. EA announced this morning that it has made an unsolicited conditional tender offer to acquire all of Take-Two’s outstanding shares of common stock for $26 …
Read More »Sony buys Who Wants To Be a Millionaire? parent
Sony is set to buy 2Waytraffic, the independent production company that owns the rights to Who Wants to Be a Millionaire. According to BrandRepublic, the deal is valued at 137.5 million. 2Waytraffic was set up in 2004 by former Endemol executives. The firm snapped up the rights to Who Wants …
Read More »Brash signs up Lair studio for multi-game deal
Ambitious new publisher Brash Entertainment has signed a multi-game deal with developer Factor 5 to produce titles based on movie IP. Factor 5 has worked on a mix of licence-based games in the past, such as Star Wars Rogue Squadron, and original IP including as Lair and Turrican. The studio …
Read More »Mad Max game on the way
Another major film franchise is set to get the video games treatment: George Miller’s seminal action thriller Mad Max. The movie, which was first released back in 1979 and starred Mel Gibson, is being converted by former SCEA developer Cory Barlog – best known for his work as producer on …
Read More »Xbox games library to hit 1,000 this summer
Xbox’s quest to become the console of choice for families will be given a huge boost by becoming the first system to offer a library of 1,000 games this summer. That’s according to Xbox VP for Microsoft Interactive Entertainment Europe Chris Lewis, who this week told MCV that Xbox Live …
Read More »Blu-Ray prices hit new high
Samsung, Sony and Sharp are selling Blu-ray players for the highest prices all year, following what is generally considered the demise of rival format HD-DVD, according to a price comparison on Tom’s Hardware . Advocate vendors of Blu-ray dropped prices of players earlier this year, in a move which put …
Read More »Report: Mexican games market to hit $1bn
A new Research and Markets report has forecast that the Mexican video games market could be worth as much as $1 billion by 2010. The review states that the Mexican video game industry is ‘exploding’ and ‘attracting major new marketing investment and luring global game publishers to establish local offices’. …
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