Tag Archives: recession

Recession threatens new IP push

Responding to claims from EA that it’s recent financial troubles will not spell the end of its renewed commitment to original I P, Wedbush Morgan’s Michael Pachter has admitted that he fears for the recent trend for innovation and new ideas. Developers can’t afford to take risks,” he told Kotaku. …

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Casual gaming can "thrive" from recession

Some of the biggest names in the casual games sector have told MCV’s sister site CasualGaming.biz that the casual games sector can not just survive the global recession, but actually benefit from it – though some aspects of the business may struggle to cope amidst the downturn. CasualGaming.biz spoke to …

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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 …

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UK economy suffering frightening deterioration

A survey conducted by The British Chambers of Commerce have found that the nations’ economy is in the midst of a frightening deterioration”, with December’s High Street numbers proving the worst since the body began monitoring them in 1989. The BCC went on to predict that official government figures set …

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Core Gamers crucial to surviving recession

Despite the popularity of the Wii and DS leading Microsoft and Sony to expand their casual appeal, the games industry may have to depend on its more traditional ‘core’ market to surviving the economic crisis. A report from Associated Press states core gamers a proving crucial” to giving the industry …

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