MCV/DEVELOP News, events, research and jobs from the games industry
Outspoken EA boss John Riccitiello has boldly stated that his company had become too complacent with itself, adding that the worsening economic recession could be a blessing in disguise” as it will force the entire industry to reform and clear away the junk”. Junk is hard to compete with,” Riccitiello …
Read More »NPD: Games industry already being affected by the recession
The latest stats from NPD show that 2008 was a record year for the video games industry in North America – but signs that the worsening global economic climate is beginning to hit the games market are now materialising. 2008’s annual market value of $21bn was 19 per cent up …
Read More »UK economy suffering frightening deterioration
A survey conducted by The British Chambers of Commerce have found that the nations’ economy is in the midst of a frightening deterioration”, with December’s High Street numbers proving the worst since the body began monitoring them in 1989. The BCC went on to predict that official government figures set …
Read More »Microsoft: Tough times are ahead
Microsoft’s VP of strategy and business development for Microsoft’s Interactive Entertainment Business Shane Kim has warned that the games industry will not be completely insulated from the effects of the global economic crisis. Of his own business, Kim told Reuters that he was cautiously optimistic” about Xbox sales, adding: A …
Read More »Credit crunch could be Blu-rays death knell
The effects of the current global economic global crisis could see sales of Blu-ray discs and associated technology dramatically underperform this Christmas, according to some industry observers at the recent HD3 Conference in the US. The economy is the biggest challenge, because there are just so many pieces to the …
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