Tag Archives: pwc

Worldwide video game revenue will reach $29bn by 2021, according to PwC’s latest global entertainment and media outlook report, which is more than double the revenue made in 2012 ($14bn). PwC says PC games will experience a healthier growth than their console counterparts, partly thanks to therise of eSports, which …

Last week PricewaterhouseCoopers published what seems to be an inappropriate attack on games retail. ’20 stores a day are closing,’ screams a press release from the accounting giant, issued last Thursday. "High Street chain store closures soar," cried the BBC as it frantically rewrote the announcement. You can read the …

Two firms are reported to be in discussions to rescue bankrupt rental firm Blockbuster UK. The prime candidate is reportedly GA Europe, the restructuring firm that administrators PwC brought in to handle the recent closure of Jessops. "GA bosses are understood to believe they can successfully run a rump Blockbuster …

PriceWaterhouseCoopers, administrator for GAME, has today announced that 16 stores are set to close today, with all stores closing soon. Kate Warwick, administrator at PwC, said: "In the interests of creditors, the 31 remaining GAME stores are to be closed over the coming weeks and a final closing down sale …

Administrator PriceWaterhouseCooper has said that it is already talking to a number of parties” about a possible acquisition of GAME’s Australian arm. "Initially we will continue to trade all stores, operating these on as close to a ‘business as usual’ mode as possible whilst we get a clearer understanding of …

Former GAME workers staging sit-in protests at Irish branches are to be updated by administrators PwC today. MCV yesterday published a number of pictures posted by the protestors, who are unhappy with PwC’s demand that they pursue the Government for redundancy pay after being told they would receive nothing from …

Administrator PwC has said that GAME just needs to hold on for a short time longer so it can finalise an acquisition deal. We just need a bit more time to push the deal over the line,” PwC’s Mike Jervis stated. There is a huge amount of complexity in the …

Administrators PwC have said that today’s loss of over 2,000 jobs at GAME and Gamestation is regrettable” but that the move will place the company in a stronger position”. And furthermore, the company still intends to agree a sale for GAME’s remaining assets and for the company to continue trading …

After two months of worry and rumour, GAME has as of today officially entered administration. PwC remains hopeful that a going concern sale of the business is achievable”, but that will not stop the closure of many stores and the potential loss of thousands of jobs. PwC has not yet …

As expected, retailer GAME will this morning enter administration. Furthermore, Sky News presenter Joel Hills has claimed via Twitter that no buyer has been found for the chain. The news sadly points to a store closure programme, with staff likely to be told today of which branches are to close …