MCV/DEVELOP News, events, research and jobs from the games industry
A trio of EA’s top executives have sold off either all or a significant portion of their company shares, according to new SEC filings from the firm. GameSpot highlights the filing, which states executive vice president Patrick Soderlund and general counsel Stephen Bene have sold off all of their stock …
Read More »No PS4 restock in India till May
The PlayStation 4 has been out of stock in India since shortly after its launch in January, and any hopes of it becoming available this month are now gone. Retailer Game4u has announced that new PS4 stock will arrive in India in May, IGN reported, and sources have confirmed the …
Read More »King suffers worst IPO day one of 2014
It was a rough day on the markets for casual games maker King yesterday. The Candy Crush Saga maker kicked off its IPO with an introductory stock price of $22.50. By the end of trading that had fallen to $19 – a decline of 15.5 per cent that VentureBeat says …
Read More »Funcom temporarily suspended from Oslo Stock Exchange
Secret World developer Funcom was suspended from the Oslo Stock Exchange at 9am today. The troubled company was charged with "suspicion of infringement of the provisions of the Securities Trading Act with regards to the financial information given to the market regarding The Secret World from August 2011 until the …
Read More »Moody’s downgrades Sony stock to ‘junk’ status
High levels of corporate debt have been cited as the reason behind credit ratings agency Moody’s decision to downgrade its Sony stock rating status to ‘junk’. "While Sony has made progress in its restructuring and benefits from continued profitability in several of its business segments, it still faces challenges to …
Read More »Nintendo’s share price tumbles; Down 83% compared to 2007 peak
18 per cent was wiped off the value of Nintendo o the Tokyo Stock Exchange following last week’s turbulence. The company’s share price opened at 12,180 this morning having closed at 14,645 on Friday. Nintendo’s price is down 25 per cent compared to the 16,130 it was trading at on …
Read More »GAME has more Xbox One stock available tomorrow
200 launch day Xbox One units will be made available to GAME customers tomorrow. The consoles will be made available from midday tomorrow (Thursday November 21st) at GAME’s Xbox-themed Boxpark store in Shoreditch. All stock will be offered on a first-come, first-served basis. Those who get their hands on an …
Read More »Tesco offering Xbox One tomorrow night on first-come, first-served basis
Yes, there’s still a chance that you can get hold of an Xbox One on launch day. Tesco has revealed that it will be selling stock of the console on a first come first served basis” at more than 100 of its Extra stores from midnight on the morning of …
Read More »Sony hails "incredible" PS4 yields
SCEA president Jack Tretton has described PS4 production yields as incredible”. And as a result, the exec added, the PS4 launch will be the biggest in his company’s history. "We want to make sure that consumers have an opportunity to buy one on November 15th and through the holidays," he …
Read More »Nintendo suffers biggest share dip for two years; "Value of Nintendo franchises may be declining"
The markets have reacted negatively to Nintendo’s efforts to rejuvenate its hardware offer. Nintendo recently cut the price of Wii U and revealed its new 2DS handheld, but the company today suffered an 8.4 per cent drop in its share price – the biggest it has suffered since July 2011, …
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