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Tag Archives: economy

Apple App Store enjoys a record-breaking July

The market may be getting increasingly tough for Apple, but that isn’t stopping the continued growth of the App Store. CEO Tim Cook told CNBC that the App Store in July generated more revenue than in any other month in its history. "I couldn’t be happier,” said Cook. This is …

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Video games contributed £1bn to UK in 2013

A new report from TIGA says that the video games industry contributed 1.02bn to the UK economy in 2013. That’s up from 947m the year before, and resulted in tax revenues of 419m for the Treasury. The total number of people employed by the sector is up too, from 9,224 …

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GTA Online economy designed "for the vast majority of players who will not buy extra cash"

The in-game economy of Grand Theft Auto Online has been designed for those who won’t pay out on the included microtransactions. That’s according to Rockstar, which has moved to reassure players who were perturbed by yesterday’s news that users will be able to buy in-game currency using real-life cash. You …

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Canadian video game industry adds $2.3bn to national GDP

Finally some good news out of Canada, as the region’s Entertainment Software Association has revealed the country’s video game industry added around $2.3bn to the national GDP in 2012. Games Industry reports that ESAC announced the figure during a keynote address at the Ottawa International Game Conference last week – …

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Games hardest hit as entertainment retailers struggle

It has been a bleak year for music and films so far, but it’s video games that have suffered the most. Gfk and Official Chart Company data, compiled by the Entertainment Retailers Association, show the value of the UK games software market is down 12.2 per cent year-to-date over the …

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ISPs lose DEA challenge

UK internet service providers BT and TalkTalk have lost their challenge against the Government’s Digital Economy Act. The pair had been arguing that some of the legislation contained in the DEA had been rushed and was unlawfully restrictive in regard to the obligations it places on ISPs to report users …

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Earthquake costs Japanese games sector

According to estimates from Enterbrain CEO Hirokazu Hamamura, the earthquake that hit Japan in March has cost the country’s games sector in the region of 55m. As reported by Andriasang, the drop in sales experienced in the territory following the earthquake has been attributed to the numerous game delays that …

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MPs consider web block plans

MPs have been in negotiations with Internet Service Providers and intellectual rights holders to create a system that would allow access to be blocked to certain websites. According to the Open Rights Group, a letter from Mr. Vaizey confirmed that he’d been in discussions with stakeholders to create a working …

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