MCV/DEVELOP News, events, research and jobs from the games industry
Sales of online games are expected to pass physical retail from 2013, an analyst at DFC Intelligence has claimed. The report predicts that online sales will increase from $19.3 billion in 2010 to $37.9 billion by 2016, driving the overall industry value to $81 billion.It also states that traditional retail …
Read More »UK Software Sales Monitor: Market falls to £9.03m
As if last year’s ten-year low wasn’t bad enough, this week the market value fell even further. After a six per cent week-on-week decline, the figure now stands at a worrying 9.03m as of the week ending August 20th. Similarly, unit sales were down – also by six per cent …
Read More »Ten-year low for UK games retail
Looters kicked the UK games retail market while it was down last week, as the sector posted its worst results in ten years. The boxed games market was worth 9.64m for the week ending August 13th. It is the lowest figure since September 2001.Furthermore, just 526,351 games were sold – …
Read More »UK games market tumbles to new low
Another month, another bleak story about the state of the UK games retail market. This time, 78.4m was spent on boxedgames last month. That’s a six per cent drop on the 83.5m generated during June 2010.In terms of the amount of video games sold, the number isn’t quite so bad. …
Read More »GAME shares hit 8 year low
Having effectively issued a profit warning yesterday morning, shares in Europe’s largest video games retailer GAME have dropped to their lowest point in over eight years. At the end of trading yesterday the chain’s shares closed at 38.25p. Its current market cap stands at 131.64m. You have to go all …
Read More »Take-Two shares fall
Shares in publisher Take-Two have fallen by four per cent meaning that since mid May the company has lost over 15 per cent of its overall value. Market Watch says that despite nearing 1m unit sales in the US alone, recent Rockstar release LA Noire has failed to meet sales …
Read More »LA Noire pumps £10m into retail
Rockstar has done it again, with new IP L.A. Noire providing a major boost to UK games retail. 24m was taken by UK games stores last week – the highest figure since the first week of the year. MCV estimates that over 10m was generated by L.A. Noire alone, and …
Read More »300,000 PS3s stuck in Holland
The ongoing patent disagreement between PS3 platform holder Sony and Korean electricals manufacturer LG has hit the courts today, revealing the true extent of the debate. Dutch site InsideGamer reports that as many as 300,000 machines are currently being held by authorities, with 250k being seized at the ports of …
Read More »Was 2010 gaming’s record year?
The need for a sales chart that integrates both physical and digital sales has never been greater. The industry has been living under the assumption that following the record performances posted in 2008 the market has been suffering a steady rate of decline. But the problem is that our market …
Read More »PC games market reaches record high
The global PC games market has shown growth in through 2010 to reach a record $16.2bn in value, according to PC Gaming Alliance’s third annual Horizons research report. This was a growth of 20 per cent on 2009. None of the geographical market segments tracked showed a decline in 2010 …
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