MCV/DEVELOP News, events, research and jobs from the games industry
It might surprise you that the one point I was called out for most last week wasn’t our contentious cover – but my implication that GAME had given up fighting. That, of course, is not the case. While MCV stands by its widely-discussed cover last week, I should make clear …
Read More »GAME: Staff will be paid
GAME has told its staff they will be ‘paid what they’ve earned,’ the retailer tells MCV. The firm says it informed its employees via email this morning. GAME announced it was heading into administration this morning, having failed to secure extra finance and support from its suppliers. But the High …
Read More »UPDATED: Gamestation may be sacrificed for new look GAME chain
One way or another, GAME as we know it has GONE, and may be replaced by something entirely different on Monday. MCV has learnt today that GAME management has presented suppliers with four possible outcomes for the company. The conclusion follows a period of consultation between a hired financial specialist …
Read More »Report – GAME has one week to raise £180m
GAME Group is in a race to secure 180m to pay creditors or face administration, The Sunday Times reports. The specialist giant apparently has a 21m rent payment due on Sunday, a 12m wage bill due shortly after, and owes more than 10m in deferred VAT and 40m to video …
Read More »OPINION: About that MCV cover…
GAME’s communications boss called me earlier. I am not a popular person at the retailer’s Basingstoke HQ right now. And for good reason. I’ve had hate mail from some of GAME’s 6,000 employees this morning. I am not a popular person at the retailer’s 600 shops right now. And for …
Read More »TIMELINE: GAME’s year from hell
It was in February last year that GAME announced its bold plans to transform its business. The new strategy featured in-store mobile technology, a focus on reward cards, click and collect, a revamped website and plans to triple its digital revenues by 2013. But most importantly, it saw GAME secure …
Read More »Xbox and Activision pull GAME support, says leaked memo
A leaked memo from GAME, seen by MCV, says that Activision and Microsoft are the latest publishing giants to not supply the troubled specialist giant. Activision titles Cabela Big Game Hunter 2012 and Zhu Zhu Babies, plus Microsoft’s Kinect Rush: A Disney/Pixar Adventure, will not be sold by the retailer, …
Read More »GAME confirms rescue bid
GAME Group has confirmed that a ‘third party’ has shown an interest in providing financial support to the stricken retailer. Although not mentioned in the statement, that third party is OpCapita, the investment firm who also owns electricals retailer Comet. But GAME stress that although OpCapita has sought dialogue with …
Read More »GAME’s shares rally on acquisition reports
GAME’s share price has shot above two pence following reports the retailer is about to be bought. That’s up 95 per cent since the start of the day. According to The Times, Comet owner OpCapita – a private investment firm – is planning to swoop for the games specialist. Meanwhile, …
Read More »Ninja Gaiden 3 and Warriors Orochi 3 also skip GAME
Just minutes after it was revealed that Capcom’s Resident Evil: Operation Raccoon City will not be stocked at GAME, two more upcoming releases have joined the pile. Tecmo Koei has confirmed in a statement that upcoming releases Ninja Gaiden 3 and Warriors Orochi 3 – released on March 23rd and …
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