Tag Archives: industry

Take-Two nets $365m during fiscal Q2

Take-Two has beaten its quarterly revenue expectations by almost $50m, as revealed during its latest financials. The 2K and Rockstar parent was previously predicted to generate $318.3 million in revenue during its fiscal Q2, but well surpassed that sum to bring in $364.9 million – a 169 per cent annual …

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ShopTo plots further digital console expansion

Online retailer ShopTo is now selling PS4 download codes. The firm is offering codes for PlayStation Plus subscriptions, DLC, wallet top-ups and full games. It is eyeing the Xbox and Nintendo markets, too. We have PlayStation, plus a few other things that will launch in the coming weeks and months,” …

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PS4 and Xbox One account for two thirds of physical games market

Sales of brand new PS3 and Xbox 360 games have dropped year-on-year as the latest generation of consoles see a greater number of exclusive releases. PS4 and Xbox One comprised two thirds of the mint boxed games market for the 12 weeks ending September 27th, according to retail tracker Kantar …

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UKIE details how to boost UK games industry by £1bn

Games trade body UKIE has laid out a list of Government recommendations that would boost the industry by 1bn by 2020. The report – ‘a blueprint for growth’ – was unveiled at a high-level Parliament event on Tuesday this week. Independently created by Olsberg SPI on behalf of UKIE, the …

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‘Stop grey imports and retail street date breaks or risk chaos,’ says ERA

The Entertainment Retailers Association is reaching out to UKIE and calling on games publishers to help stop grey importing and street date breaks. In a letter to MCV, ERA boss Kim Bayley said: There have always been some less than scrupulous retailers who try to steal a march on the …

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GAME: VR needs us to succeed

If virtual reality is going to change the world of video games, then it will need the High Street. That’s according to UK retailer GAME, which is wary but hopeful about the new technology from PlayStation, Oculus, HTC and Samsung. CEO Martyn Gibbs tells MCV that in order for VR …

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Angry Birds firm Rovio cuts over 200 jobs

The Finnish studio behind mobile hit Angry Birds has let 213 staff go in a new round of job losses. Rovio’s latest batch of cuts began with discussions in August, with original estimates suggesting up to 260 employees could be lost in light of an ongoing restructuring process. The 213 …

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‘Overly ambitious’ expansion leads Humble Bundle to cut a fifth of staff

Digital retailer Humble Bundle has been forced to let 12 of its staff members go, after the firm’s CEO admitted it had attempted to grow too quickly. Polygon, citing an anonymous source, reported that the job losses took place across the entire company last week, and accounted for around 20 …

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Snake Tales: The games industry looks at the legacy of Metal Gear Solid

With a legacy stretching back almost three decades, Metal Gear Solid has shaped and inspired the career paths of some of the industry’s biggest names. From Konami stalwarts and PR veterans to journalists and developers, the innovative work of Hideo Kojima and his team can be seen reflected throughout the …

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Games outpace films and music as decline in UK physical entertainment market slows to 3%

The ensuing popularity of boxed video games has helped to slow the retraction of the UK’s physical goods market. The physical entertainment business (that’s games, films and music) shrank by three per cent during Q2 of 2015, ending July 5th, according to market tracker Kantar Worldpanel. That’s quite a significant …

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