MCV/DEVELOP News, events, research and jobs from the games industry
The plan states Starbreeze will "focus on its core business of internal game development"
Read More »Starbreeze turns to Stockholm District Court to request a further reconstruction period
Sports Direct CEO Mike Ashley in talks to acquire HMV
Follows similar acquisitions of House of Fraser and Evans Cycles
Read More »HMV faces closure due to ‘dramatic change in consumer behaviour’
"HMV cannot withstand the tsunami of challenges"
Read More »Welsh casual games firm OysterWorld falls into administration
Welsh games outfit OysterWorld has fallen into administration. As reported by the BBC, 50 people have lost their jobs. The firm has received 1.4m in Welsh Government grants over the last two years. The developer owes 2m, say administrators Kreston Reeves. The firm decided to enter administration after major creditors …
Read More »Mastertronic enters administration
UK games publisher Mastertronic has entered administration. The firm says a deal is in place to buy the assets of the business and retain the existing team. However, MD Andy Payne will no-longer be involved. Mastertronic applied for a CVA in July 2014 to avoid a winding-up order. At that …
Read More »Phones4u staff warned that they may not get full wages
Staff at UK retailer Phones 4u have been told that their wages are likely to be curtailed as hope for the troubled company begins to fade. The Independent reports that an internal document sent to the chain’s 5,596 staff says that while they will still be paid as administrators PwC …
Read More »Phones 4u enters administration, closes all 550 stores
High street mobile phone retailer Phones 4u has entered administration and made the surprise decision to immediately close all of its stores. The chain employs 5,596 people and operates 500 stores in the UK, all of which have ceased trading this morning while administrators PwC assess the business’s ongoing viability. …
Read More »REVIEW OF THE YEAR: The fall of Blockbuster
Last week, the High Street told MCV it feels 2014 will be a good year for video games retailing. But 2013, at least the first half of it, remains one to forget. Blockbuster is no more. The entertainment brand had been a staple of the UK High Street since 1989 …
Read More »All Blockbuster UK stores to shut down
Managers at UK Blockbusters stores have this morning been told that every outlet is to close, MCV has learned. The bad news was apparently delivered over the phone by Blockbuster UK operations manager Dave Potter. MCV has received confirmation from three seperate stores not included on yesterday’s list of 72 …
Read More »Blockbuster appoints administrator, parties interested in ‘parts’ of the business
Moorfields Corporate Recovery has been officially appointed as the administrator of Blockbuster. The retailer confirmed at the end of last month that it planned to re-enter administration, with owner Gordon Brothers Europe admitting that it could see no recovery from a period of poor trading performance”. Retail Week reports that …
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