MCV/DEVELOP News, events, research and jobs from the games industry
Law firm Thrings LLP has warned GAME customers that they may never be able to redeem any outstanding gift cards they have from the retailer. This is despite the reinstatement of both the GAME Reward Card and Gamestation Elite Card yesterday. "In essence, the administrator cannot honour a liability on …
Read More »Blueshore urges "fair and just" administration for GAME
The value of GAME’s assets needs to be reassessed to ensure that shareholders receive a rightful return on their investment, Blueshore Global has told MCV. Having acquired new stock in the retailer yesterday before its filing for administration and stock freeze this morning, the company – which owns nine per …
Read More »Now US reports drastic video game market falls in February
The latest numbers from sales tracker NPD show that the US video games market suffered a 20 per cent year-on-year decline to $1.06bn in February. The news comes after MCV revealed yesterday that the UK market suffered a 29 per cent decline last month. Back in the US, software suffered …
Read More »Apple value reaches yet another all-time high
Apple’s valuation has risen to half a trillion dollars, making it the highest valued business in the world. Share prices surged to $535.41 yesterday after the tech giant teased a potential iPad 3 reveal at a press conference set for next week on March 7th . Data fromBloombergshows that Apple …
Read More »Apple stock exceeds $500
The stock in computing behemoth Apple has exceeded $500 per share for the very first time. As of this morning the company is trading at $509.46, resulting in a market cap of $475bn. The rate of growth has been astronomical, by any standards. Apple stock was trading at around $300 …
Read More ȣ4bn wiped from Tesco value
Supermarket retailer Tesco has seen more than 4 billion disappear from its share price after issuing a profit warning and revealing that UK sales fell by 2.3 per cent over Christmas. Chief executive Philip Clarke said: "In a challenging economic environment, we made good progress internationally but despite record sales, …
Read More »UK video games market falls 13% in 2011
The overall UK video game market was worth 2.52bn in 2011 according to the latest UKIE figures. That represents a year-on-year drop of 13 per cent from 2.88bn and a third year of decline. In 2009 the UK market was worth 3.31bn and in 2008 it reached a record value …
Read More »Japanese market declines 8% in 2011
The Japanese video games market suffered an overall decline of eight per cent year-on-year in 2011, according to the latest Famitsu data. In total the market was worth 454,380m. Andriasang reports that the software sector fell by 14 per cent to 274,640m throughout the period, though the launch of platforms …
Read More »$9bn Zynga IPO is go
Zynga will later today finally go public, and is will end the day valued at around $9bn. That will make it more valuable than gaming heavyweight EA, which predates the firm by 25 years. When the US stock exchange opens later today Zynga will open at $10 a share, valuing …
Read More »$4bn vanishes from estimated Zynga value
Zynga seems to have downsized estimations of its own worth ahead of the much-awaited IPO for the company. The firm’s valuation will be revealed on December 15th, Reuters reports, but sources close to the news service say that it is now aiming for around $8 to $10 per share, meaning …
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