Tag Archives: mcvuk

Atari boss reveals turnaround plans

Speaking to French newspaper Les Echos, Leleu set out his battleplan to bring Infogrames and Atari back to former glories. Our current strategy consists of starting to spend on capital projects again, adopting a consistent publishing policy that takes into account new market trends, and restructuring the company, including by …

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Atari’s road to recovery

You have just issued 150 million euros in convertible bonds. What are the proceeds going to be used for? Let me first remind you that Infogrames is fortunate to operate in a particularly promising sector. The success of Nintendo’s DS and Wii consoles has given the video game sector a …

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Southpeak in $31m merger

Publisher and developer Southpeak Interactive has combined its business with Global Services Partners Acquisition (GSPAC) – a company which describes itself as ‘a blank check company that was formed for the specific purpose of consummating a business combination’. Gamedaily reports that the transaction values the publisher – which now becomes …

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MCV Awards ’08 unveiled

There are 12 weeks until the trade event of the year. The 2008 MCV Industry Excellence Awards will take place on Thursday April 10th. By popular demand, they will once again be held at The Brewery, Chiswell Street, London – with 17 awards up for grabs. MCV online and in …

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HMV to focus on games after sales rise

Entertainment retail giant HMV has released a trading update for the five weeks ended January 5th 2008, which show considerable progress in the company’s three-year turnarond plan. Group total were sales up 9.9 per cent, and like-for-like growth stood at 9.4 per cent. HMV UK and Ireland total were sales …

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Majority of UK retailers bullied at work

Over 80 per cent of UK employees – particularly those involved in retail – have been victims of bullying at work, according to a new survey by The Samaritans. The report, entitled Stressed Out, also found over half of retail employees say their jobs are getting more stressful and that …

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Woolworths predicts return to profit in 2008

Woolworths has forecast a return to profitibiliuty for its High Street stores in 2008 – after the High Street chain suffered a 3.2 per cent drop in like-for-like sales for the 49 weeks to January 12th. The firm blamed ‘fierce discounting’ across the electrical products sector for the dip – …

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GAME/Gamestation deal cleared but only just

In its final report published today, the Competition Commission has concluded that GAME’s 74 million acquisition of Gamestation may not be expected to result in a substantial lessening of competition in the markets for the supply of gaming software, consoles and related accessories in the UK.” But the report reveals …

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ELSPA responds to PMs concerns over games

Following’s Gordon Brown’s comments to The Sun this week, ELSPA has been in dialogue with the Department for Business, Enterprise and Regulatory Reform – and has been told that despite the tabloid’s spin on the story, Brown’s opinion on games has not changed. We were obviously concerned by the Prime …

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Brown links games to knife crime

Gordon Brown has once again aired his concerns over violent video games as he launched a crackdown on knife crime, reports The Sun . He told the tabloid: I am very worried about video and computer games. No one wants censorship or an interfering State. But the industry has some …

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