MCV/DEVELOP News, events, research and jobs from the games industry
GDC 2014: Sales were ‘well beyond anything we had ever anticipated’ says Kenny Lee
Read More »Payday 2 getting two more years of content as Brothers finally hits profit
Starbreeze has revealed the extent of its remarkable turnaround. Joystiq reports that the studio’s CEO Bo Andersson-Klint has revealed that between 1998 and 2013 the developer incurred a loss of KR 94m ($14.43m). In its last two quarters it has, thanks to the introduction of a new business model and …
Read More »$308m loss for EA in Q3
EA has reported a $308m GAAP net loss for the quarter ending December 31st – a big decline on the $45m loss reported in the same quarter last year. Revenue fell $112m to $808m. Digital revenue climbed from $321, to $410m but packaged goods revenue fell from $568m to $370m. …
Read More »Iwata takes 50% pay cut after 30% profit dip; Wind Waker HD and Mario World sell 1m+ units
Nintendo president Saturo Iwata is to take a 50 per cent cut in wages following the company’s predicted net loss in its latest set of financials. The dock in wages will last for five months and is being pitched as a compensation of the company’s recent poor performance. Other board …
Read More »Tomb Raider has finally broken even
Square Enix’s Tomb Raider reboot has finally recouped its development costs. The game arrived in March 2013 and debuted at No.1 in the UK charts, becoming the then most successful launch of the year in the process. But despite sales of 3.4m copies in its first three weeks it fell …
Read More »Resident Evil 5 overtakes Street Fighter II to become Capcom’s best ever seller
2009 action outing Resident Evil 5 is now Capcom’s best selling game ever. It has overtaken the 6.3m sales of 1992 SNES release Street Fighter II to claim the crown and also leads the likes of Resident Evil 6 (5.2m), Resident Evil 2 (4.96m), Monster Hunter Freedom 3 (4.8m) and …
Read More »PS3 sales up but Sony reports quarterly losses
Sony’s PlayStation division has reported an 800m operating loss (5m) for the quarter ending September. In the same period last year it saw operating income of 2.3bn (14.6m), a disparity Sony blamed on hardware price reductions and exchange rate fluctuations. PlayStation revenues for the period grew five per cent year-on-year …
Read More »Sony hopes to recoup PS4 unit losses via game and subscription sales
The PlayStation 4 console will be sold at a loss, Sony has confirmed. However, the platform holder expects has told Eurogamer that it expects to recoup this with every unit sold providing the buyer also purchases at least one launch game and subscribes to the PlayStation Network. SCEJ exec Masayasu …
Read More »Microsoft selling Xbox One hardware at a profit
Xbox chief marketing officer Yusuf Mehdi has claimed that Microsoft will not make a loss on each Xbox One it sells. Console platform holders have traditionally taken a hit on hardware in the hope of regaining any losses via software sales. Nintendo is the notable exception to this rule, although …
Read More »Payday 2 achieves profitability a week ahead of launch
Developer Starbreeze Studios has announced that Payday 2, which isn’t even released until next week, has already hit profit. Payday 2 hits PC next Tuesday (August 13th) and PS3 and Xbox 30 the following Friday. A translation from GameChup from Starbreeze CEO Bo Andersson-Klint says that the game’s pre-orders have …
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