MCV/DEVELOP News, events, research and jobs from the games industry
Michael Thomasson’s officially recognised ‘world’s largest games collection’ has sold for $750,250 (442k). MCV reported earlier this month that the auction contained a 11,000+ strong collection included complete software catalogues for a range of platforms including Dreamcast, Saturn, Virtual Boy, Lynx, Jaguar, Turbo-Grafx-16 Super CD and Sega CD. Although I …
Read More »Sony sells huge Square Enix share stake
PlayStation platform holder Sony has sold off the 9.5m shares it held in Square Enix. CVG reports that prior to the sale Sony was Square’s third largest shareholder. It had owned the stake for over ten years. Interestingly, despite having a value of around $157m, Sony sold off the stock …
Read More »Chris Roberts vows that Star Citizen won’t be sold
Star Citizen will not be sold, the many backers of the space simulator have been assured. The pledge comes as Chris Roberts’ crowdfunded title passes the astronomical $41m funding mark. To answer [those] worrying about the possibility of Cloud Imperium being acquired by another, bigger company – don’t worry! We …
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 »Microsoft sells IPTV business Mediaroom to Ericsson
Streaming TV tech provider Mediaroom has been sold off by former owner Microsoft. It has been acquired by Ericsson in a move described by Microsoft as mutually beneficial and strategically aligned for both parties”, allowing the company to place greater focus on its Xbox consumer TV strategy. Ericsson will continue …
Read More »Blockbuster sale agreed; 264 stores and 2,000 jobs saved
Deloitte has confirmed that it has completed the sale of Blockbuster for an undisclosed sum. Buyers Gordon Brothers Europe have acquired 264 stores, saving around 2,000 jobs in the process. The Blockbuster brand license has been retained as part of the deal. Having identified a profitable core portfolio of stores …
Read More »THQ sells budget division ValuSoft
Budget software company Cosmi has acquired THQ’s value-centric publishing and distribution division ValuSoft. The move ties in with THQ’s widely-publicised new strategy of dropping all but its strongest and most important IP and operations, though the sale of assets is unlikely to quieten observers keen to predict the demise of …
Read More »Future sells New York office for £1.9m
The music-centred New York Music office of Future Publishing has been acquired by NewBay Media. The division posted a loss of 3.8m in the year ending September 30th 2011. NewBay operates dozens of websites, magazines and events. That leaves the media giant with just its games-focused San Francisco operation on …
Read More »Uncharted 3 sells 3.8m units on day one
Sony has announced that Uncharted 3: Drake’s Deception sold 3.8m copies worldwide on its first day of release. The game hit UK retail on November 2nd and entered the charts at No.2 in its first week. This puts the title on track to be the biggest release in the series …
Read More »Kesa sells Comet for £2
Coming shortly after news of Best Buy’s UK retreat, another big box out-of-town chain has found itself on the rocks. Fortunately, however, the future is somewhat brighter for Comet, which was last night sold by its parent firm Kesa to Hailey Holdings and Hailey Acquisitions for just 2. The pair …
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