MCV/DEVELOP News, events, research and jobs from the games industry
Hours of speculation about GAME’s survival are hopefully over as the retailer has brokered a new deal with its lenders. The Board of GAME Group this evening announced it has ‘concluded discussions with its lending syndicate and agreed revised terms for its facilities’. While GAME has agreed to ‘operate within …
Read More »The true speed at which games prices erode
The average price of a boxed video game falls by almost a quarter after just 30 days on sale. New retail research – which includes pricing data from over 50 retailers – shows that games prices dropped 23.5 per cent after 30 days, 30.8 per cent after 60 days, and …
Read More »GAME hints at possible international sell-off
UK retailer GAME has hinted at the possible sale of some of its international operations as it continues to fight for its life in the UK. In response to press speculation the GAME Group confirms that it is in ongoing dialogue with its lending syndicate to reach agreement on revised …
Read More »EA recognises the implications of potential GAME collapse
Publishing powerhouse EA last night admitted to concerns about the financial health of a "major European retail partner" thought to be GAME. As reported by MCV yesterday, GAME has been rocked by credit insurance issues forcing it into negotiations with publishing partners to secure stock of upcoming releases. "We are …
Read More »New releases WILL be at GAME this Friday
Rumours that this week’s big releases will not be available in GAME are untrue, MCV can confirm. Metal Gear Solid: HD Collection, Final Fantasy XIII-2 and Soul Calibur V are currently being processed by the retailer, despite claims circulating in the consumer press. However, MCV can also confirm that GAME …
Read More »Sony reveals new PS Vita bundles for US launch
Two new options have been offered to US customers looking to pre-order the PlayStation Vita. Those who have already pre-ordered the device in the First Edition Bundle will get an additional freebie – a DataConnect Pass for AT&T that entitles the user to 250MB of free over-the-air data. The bad …
Read More »Try Vita at GAME and Gamestation right now
Sony has announced that as of today consumers will be able to get some personal hands-on time with the PlayStation Vita at all of GAME and Gamestation’s 600 UK stores. The top 150 stores will also feature a Vita dedicated Interactive Display Unit which will be rolled out in the …
Read More »GAME offers brand new releases for just £5
Retailer GAME is once again offering consumers the chance to effectively rent new titles for a limited period. Starting today and running until February 29th, the ‘Fun for a Fiver’ promotion allows consumers to buy selected titles with a guaranteed trade-in credit within two weeks of purchase, meaning as long …
Read More »ANALYSIS: Retail veterans under pressure
We’ve been down this road before. Another bleak set of retailer financials, another article in MCV wondering what can be done about it. But now the situation has become more pressured. GAME posted devastating festive results, with sales down 17.6 per across UK and Ireland. While over at HMV, the …
Read More »INTERVIEW: Ian Shepherd
Last week GAME revealed its poor Christmas financials, with UK and Ireland retail sales down 17.6 per cent over the festive period. We speak to CEO Ian Shepherd about the state of the market and how the Group can turn its fortunes around. So what went wrong? The video games …
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