MCV/DEVELOP News, events, research and jobs from the games industry
Activision’s president and CEO of publishing Mike Griffith has stated that the global economic crisis, and more importantly resulting deflated company values, could pave the way for his firm making further acquisitions. Griffith told Bloomberg: The combination of Activision holding a fair amount of cash and presumably prices being depressed, …
Read More »UK officially enters recession
The UK government has confirmed that the nation’s gross domestic product fell by 1.5 per cent in the final three months of 2008, and following the 0.6 per cent drop in the previous quarter it means that the UK is now officially in recession. The drop off is the most …
Read More »Sony to cut 8,000 jobs
Sony has announced it plans to cut 8,000 jobs from its electronics business, as well as shut ten per cent of its manufacturing plants. The company aims to generate cost savings of 100 billion yen ($1.1 billion) by March 2010, and follows the news that the Japanese economy has shrunk …
Read More »Nintendo eyes up stock market for next DS title
Leading global games publisher Nintendo has said that it has teamed up with Tokyo-based stock exchange Nikkei to make a new game based on the workings of the stock market. To read more, click here to head over to MCV sister site CasualGaming.biz.
Read More »Hirai: Gaming will be less affected by credit crunch
Sony Computer Entertainment boss Kazuro Hirai has expressed his belief that the games industry can whether the storm of the increasingly volatile global financial unrest. Speaking to The Financial Times, Hirai stated: As long as we can generate excitement, then we will be less affected than other industries.” However, the …
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