MCV/DEVELOP News, events, research and jobs from the games industry
With year-on-year comparison continuing to paint a picture of gradual decline in the home console games sector, analyst Cowen & Company has named the high RRP of console hardware as the chief cause. We believe that the hardware manufacturers have left unit sales on the table by not reducing price …
Read More »Income explodes at Konami
Konami’s latest quarterly financials report a massive 244.7 per cent year-on-year jump in net income to YEN 1,265m compared to the 93.5 per cent dip it suffered in the same period the year before. Operating income shot 187.9 per cent to YEN 2,879m though net revenue fell five per cent …
Read More »Physical still dwarfing digital sales
A new study entitled ‘The D2 Report: Discs & Digital – The Business of Home Entertainment Retailing’ from the Entertainment Merchants Association claims that traditional boxed product still accounts for the vast bulk of sales in the video games market. It claims that combined DVD and Blu-ray sales totalled $17.9bn …
Read More »XBLA on track to make $140m this year
A new report from Forecasting & Analyzing Digital Entertainment has estimated that Microsoft Xbox Live Arcade service has to date in 2010 made something in the region of $46.1m, a number that if true represents a 13 per cent year-on-year increase. The study also estimates that the digital portal will …
Read More »Sony expected to report profit
Sony’s financial Q1 is set to bring with it a significant boost in operating profit, according to a report in Japanese paper Nikkei, as spotted by Andriasang. It claims that the period will see an operating profit anywhere between YEN 10m and YEN 30bn for the quarter ending June 30th. …
Read More »New talent hailed at Develop Awards
In a busy hall at the Hilton Metropole in Brighton last night, the fifth annual Develop Industry Excellence Awards recognised a huge cross-section of talent from all over the European development sector. Among the award-winning studios and companies present, Unity Technologies took two trophies. The first was for Technical Innovation …
Read More »Losses reduced at Disney Interactive
Disney Interactive Media has reported losses for both the fiscal quarter and half ending April 3rd this year. While overall the Disney company enjoyed a climb in profits for the period, as revealed by its latest financial report, the division responsible for its games lost $55m in operating results for …
Read More »Disney Interactive Media losses reduced
Overall company profits rise, but game division loses $55 million
Read More »MS responds to Chinese factory accusations
Microsoft has sent a team of independent auditors to the Chinese factory in the middle of a heated row following accusations of poor working conditions. The National Labor Committee last week released a report documenting claims about working conditions faced by staff at China’s KYE Factory, where Microsoft produces tech …
Read More »Byron wants new online report
As part of her progress report on her 2008 Byron Review, Dr Tanya Byron has called for a new and independent report to examine the implementation of a possible code of conduct focused specifically on online and casual gaming. It is important that families have up-to-date advice about new ways …
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