Game industry business news

Modern games feature virtual rape, MP tells Parliament

MP for Leicester East Keith Vaz has put forward the questionable claim that players can rape women” in modern games to Parliament. Vaz was speaking in support of of Conservative MP Julian Brazier’s Private Member’s Bill on Friday – which seeks to introduce an official governmental body that can challenge …

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In-game communication coming to PS3 in summer

SCE UK boss Ray Maguire has revealed that PS3’s forthcoming firmware update will introduce new features to the cross media bar. As he thanked SCE UK’s trade partners for reaching one million UK PS3 sales, he added: Our momentum will continue with the introduction of in-game communication in the summer, …

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iSuppli: PS3 price cut expected this year

Analyst firm iSuppli has stated that the balance of the next-gen console battle has tipped in Sony’s favour, and that the firm is likely to cut the cost of its PS3 this year to make the most of the console’s increasing momentum. "2008 will be a turning year for the …

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ONLINE SPECIAL: EA and Take Two

Industry analysts have told MCV that Take Two should accept a takeover bid from EA in the next few months – or it risks missing out on its only real chance to find a suitor. While Take Two boss Strauss Zelnick said this week that the $2bn bid substantially undervalues” …

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EA & Take Two – the analyst view

While Take Two boss Strauss Zelnick has said that the $2bn bid substantially undervalues” the publisher’s portfolio, key analysts believe that Take Two is playing a dangerous game by rejecting the approach and holding out for a better offer. I would imagine there is room for negotiation,” said Colin Sebastian …

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EA & Take Two Timeline

While Take Two boss Strauss Zelnick has said that the $2bn bid substantially undervalues” the publisher’s portfolio, key analysts believe that Take Two is playing a dangerous game by rejecting the approach and holding out for a better offer. TAKEOVER TIMELINE February 6th: EA CEO John Riccitiello writes to Take …

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DSGi comes out fighting

Online, in-store services and international expansion are the key foundations upon which DSGi is set to tackle difficult trading conditions, the retailer has told MCV. The Group, which includes PC World, Currys.digital and Dixons, has launched a strategic review of its business led by Boston Consulting after issuing a profit …

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Sony hails retail as PS3 hits 1m

PlayStation 3 has officially sold one million units at UK retail, hitting the milestone faster than PSOne or PS2. Anbd now Sony Computer Entertainment UK boss Ray Maguire is more confident than ever that the console can step up its game further in the next-gen race this year. Achieving one …

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GAME to exceed 2007 profits forecast

GAME has said that it will exceed its full-year underlying profit forecast for financial year 2007 – 2008. According to Dow Jones Newswires, GAME expects pre-tax profit to be no less than 74 million for the year ended January 31st, 2008. That represents a significant jump from the 29.5 million …

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God of War 3 confirmed

SCE UK has confirmed to MCV that God of War 3 is coming soon to PlayStation 3. Initial rumours spread following the appearance of an advert in the upcoming God of War: Chains of Olympus manual featuring the words ‘Coming Soon’ and ‘PlayStation 3′ below the traditional Omega symbol. Sony …

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