Game industry business news

Chertsey closure to result in minimal job losses, says EA

EA has told MCV that job losses subsequent to the closure of its Chertsey facility will be ‘minimal’. As reported on the cover of today’s MCV, a leaked email from earlier in the week by EA CEO John Riccitiello to his staff revealed that ‘every studio, group and division of …

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Capcom outlines aggressive European expansion plans

More staff, more ‘Western’ product and more solid relationships in Europe are all top of the agenda at Capcom, says senior director of marketing Michael Pattison. After a few recent staff changes at the UK office of the Japanese publisher, Capcom has come out fighting with a renewed recruitment drive …

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Midway posts $33.5 million loss in Q3

Midway has recorded losses of $33.5 million for the three month period ending September 30th, compared to a $22.2 million loss in Q3 2006. Meanwhile, revenues landed at $36.7 million for Q3 – up from $27.4 for the same period last year. The publisher has enjoyed success with Stranglehold on …

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Nintendo: "We’re still ripping up the rulebook"

Brain Training was just the start – Nintendo has even bigger plans to revolutionise gaming with titles like Wii Fit, Sight Training and Face Training. That was the message from the Japanese platform holder this week as it showcased its forthcoming titles to mainstream and industry press, while stressing that …

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$7m net loss for THQ in Q2

THQ has revealed its fiscal results for its second quarter, reporting a net loss of $7 million. The figure compares poorly to the $11.6 million reported for the same period a year ago. However, the company said that the loss was consistent with its revised financial guidance. The firm’s total …

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Lest we forget: The Power of PS2

It’s got an installed base bigger than all three current-gen home consoles put together, boasts a phenomenal library of software, and is continuing to reach out to younger audiences and kararoke fans though Buzz! and SingStar. They’ve even got a fitness game on the market already through EyeToy – Wii …

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New low-price compact PS2 to arrive in 2008

Thought PlayStation 2 hardware sales were going to quietly disappear after the revenue frenzy of Christmas? Think again – Sony is preparing to introduce a new, cut-price model of the console in early 2008. MCV can exclusively reveal that this ‘compact’ PS2 will hit the US at just $99 in …

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EA Chertsey facility to close

Electronic Arts is to close its Chertsey, UK facility as part of a large-scale reorganisation of the business. The plan to split the company into four separate labels was announced in June, but was official approved by EA’s board of directors at the start of this week, according to MCV …

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JAPAN: Final Fantasy takes control of the charts

One of the biggest franchises in Japanese gaming has assumed its normal position atop of the Japanese software charts with DS release Final Fantasy Tactics A2: The Sealed Grimoire debuting in first place according to date from Media Create, Kotaku reports. The Square Enix title is one of seven new …

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