MCV/DEVELOP News, events, research and jobs from the games industry
Home Retail Group has revealed that its Argos chain suffered an 8.5 per cent decline in like-for-like sales for the eight weeks ending March 3rd. Overall sales fell 7.7 per cent to 480m. The numbers were apparently driven by the continued weakness in the consumer electronics market”. 12 stores were …
Read More »Analyst questions OpCapita motivations
With a firm offer from OpCapita to acquire GAME Group understood to be on the table, one analyst has questioned the motivations behind the potential deal. Highlighting the fact that HMV is lucky to have decent assets to sell” and suppliers that have rallied around them”, independent analyst Nick Bubb …
Read More »GONE: The GAME we once knew is up [ANALYSIS]
Some will say that the image with this OpEd – which also adorns our cover this week – is too much, too soon. But even after a dramatic Wednesday that saw a buyer officially enter the frame and rumours mount that another US firm is sniffing around… I think we …
Read More »PokePark 2 added to the GAME MIA list
Today may have delivered some potentially good news for GAME, but the frustration continues for the chain’s customers. Following confirmation earlier today that 3DS title Kid Icarus: Uprising and Sega’s Yakuza: Dead Souls will not be stocked by the retailer, Nintendo’s PokePark 2 for Wii has been added to the …
Read More »EXCLUSIVE: Walmart makes GAME approach
MCV understands that American retail giant Walmart has made contact with GAME about a possible acquisition of the retailer. Walmart is the world’s 18th largest public corporation with over 9,000 stores worldwide. It is also the owner of UK supermarket Asda. In 2011 it generated worldwide revenue of $422bn. In …
Read More »REPORT: HMV denies "receiving extra EA support" amidst GAME crisis
There is a sad truth to the seemingly inevitable demise of GAME Group – it’s potentially good news for other video game retailers, in the short term at least. But more than simply picking up GAME’s lost sales on key titles such as Mass Effect 3 and Street Fighter X …
Read More »Resident Evil 6 pre-orders smash series records
Pre-orders for this November’s Resident Evil 6 has surpassed the performance of all previous entries in the popular franchise. The game was announced back in January with a surprise reveal trailer and Capcom reports that fans have flocked to stores to secure a copy. "The pre-orders for Resident Evil 6 …
Read More »GAME not stocking Resident Evil: Operation Raccoon City
Capcom’s upcoming release Resident Evil: Operation Raccoon City will not be sold at GAME or Gamestation, MCV can confirm. The game is due for release in the UK on March 23rd. It follows in the footsteps of fellow Capcom releases Street Fighter X Tekken and Asura’s Wrath, which were also …
Read More »Hilco and OpCapita linked to GAME acquisition
As stated by MCV yesterday, the widespread belief that GameStop will swoop to acquire part or all of GAME could yet prove wide of the mark. Although GameStop can still confidently be regarded as the front-runner, The Financial Times has named two other would-be suitors – Hilco and OpCapita. Hilco …
Read More »Is GameStop actually in a position to buy GAME?
The presumption that GameStop will inevitably acquire GAME could be wide of the mark, if analyst warnings are to be believed. GameStop may have fared far better than its transatlantic rival amidst the recent changes to the games industry, but the uncertainty surrounding the future of the games market could …
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