MCV/DEVELOP News, events, research and jobs from the games industry
PriceWaterhouseCoopers, administrator for GAME, has today announced that 16 stores are set to close today, with all stores closing soon. Kate Warwick, administrator at PwC, said: "In the interests of creditors, the 31 remaining GAME stores are to be closed over the coming weeks and a final closing down sale …
Read More »What next for GAME Australia?
With change happening at a rapid pace at GAME, MCV Pacific took a look at what options were available during theadministration process. Aside from GAME Australia being sold outright, there is also the possibility that a Deed of Company Arrangement (DOCA) be organised (an unlikely scenario), a return ofto the …
Read More »UPDATE: i-Globe enters liquidation
Derby-based video games accessory manufacturer I-Globe has entered liquidation. The firm was best known as once being the exclusive accessories supplier to High Street chain Blockbuster, though has had little exposure at UK retail for some time. It’s website has been taken down. There has been no activity on its …
Read More »Over half of GAME Australia’s staff let go
The first layoffs in GAME Australia’s administration process have begun, with 281 people being let go today. The company employed until today over 500 staff. Administrator PriceWaterhouseCoopers confirmed that of those who lost their jobs today, 264 of them were from retail stores and the other 17 were from the …
Read More »No buyer yet for GAME Australia
PriceWaterhouseCoopers, administrators for GAME Australia, today announced some interest, but no solid buyer yet for the company. In a statement released today, PwC outlined that its first meeting with GAME’s creditors took place yesterday after the deadline was reached for expressions of interest in buying the company out. At the …
Read More »MCV Pacific Wrap-Up: GAME Australia edition
It’s been a big week down under, with GAME entering into administration, so here’s a breakdown of the entire saga. Monday: GAME Australia is officially confirmed to be in administration, with PriceWaterhouseCoopers taking up the task of facilitating the process. PriceWaterhouseCoopers offers an official statement on its intentions with GAME, …
Read More »First meeting with GAME Australia creditors to be held next Wednesday
PriceWaterhouseCoopers has announced via a new section on the GAME Australia web site a meeting next Wednesday with creditors. The meeting aims to assure creditors that PwC is doing everything it can to either keep GAME in business, or maximise its ability to repay any debts before a potential closure. …
Read More »Australian Minister comments on GAME situation
Bill Shorten MP has expressed his concern over the potential loss of 500 jobs from GAME Australia, but says he is ‘hopeful’ a buyer can be found. Shorten is the Minister forthe Department of Employment and Workplace Relations, Financial Services and Superannuation. He issued a statement today via the department’s …
Read More »"A number of parties" looking at GAME Australia
Administrator PriceWaterhouseCooper has said that it is already talking to a number of parties” about a possible acquisition of GAME’s Australian arm. "Initially we will continue to trade all stores, operating these on as close to a ‘business as usual’ mode as possible whilst we get a clearer understanding of …
Read More »GAME Australia can’t refund Diablo III pre-orders
Customers who have paid a deposit for Diablo III at GAME Australia have been left out of pocket. Having entered administration yesterday, the retailer has confirmed not only that it won’t be stocking Blizzard’s RPG, but also that it can’t afford to refund any deposits placed. Due to the appointment …
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