News Archive: Business
In this section you can look back on older stories that have appeared either recently as listed in order of most recent below, or using the calendar to navigate and look at certain dates.
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30th April, 2008
Turbine secures $40 million in funding
MMO developer Turbine has secured $40 million in a third round of venture capital funding
THQ culls staff at Rainbow Studios and Sandblast Games
Layoffs follow publisher's decision to cancel titles and franchises in January
29th April, 2008
WBIE names Tremblay president
Warner Bros Interactive Entertainment has named Martin Tremblay its new president
Feder: GTA IV sales estimates are too low
"Our expectations are higher than analysts give the game credit for," says CEO
Xbox 360, Nvidia chips boost Semiconductor profits
Graphics and Blu-ray tech help Taiwan company to largest profits in seven quarters
GAME to invest 5m in online business during 2008
Retailer doubles e-commerce investment following online profits of GBP 2.9 million
28th April, 2008
DDM acquires Peligroso Entertainment Group
DDM, a US-based representation agency, has acquired Swedish representation agency Peligroso Entertainment
SilverBirch acquires Lighthouse Interactive for CAD 4m
N+ developer expands games business by swooping for Dutch publisher
The9 buys minority stake in G10
The Korean developer sold the stake for a USD 38 million equity investment to the Chinese game operator
25th April, 2008
Iwata: No Wii or DS price cuts this year
Nintendo president says discounting isn't part of future earnings projections
Warner/SCi deal doesn't make much sense - Pachter
Wedbush Morgan analyst queries the logic behind Warner's thinking, on a deal that only appears good for SCi
23rd April, 2008
Mad Catz appoints new board chairman
Mad Catz has appointed Thomas Brown to the position left vacant since Geofrey Myers passed away
Slowing Japan exports to hit Sony and Nintendo?
A fall in exports to the US and a slowdown in Europe could spell trouble for Japanese gaming companies
22nd April, 2008
SCi confirms open offer in company
SCi has confirmed speculation that it is considering an offer but did not name potential investors
21st April, 2008
Realtime Worlds buys back APB rights
The Scottish developer regains the global distribution rights on its upcoming MMO
UK retail sells 17.89 million games in Q1
Record high figures celebrated as Nintendo secures highest per centage of sales
Microsoft voted more innovative than Sony or Nintendo
The software company was voted fifth most innovative in poll, beating out its console competitors
I'd struggle to make an online game for less than $50 million, says Jones
Realtime Worlds boss tells
18th April, 2008
SCi close to deal with NBC Universal?
UK publisher SCi may be close to finalising a deal that could make NBC Universal a majority stakeholder
Take-Two rubbishes new EA offer
Strauss Zelnick reiterates the Take-Two board's position, and notes "expressions of interest" from additional parties
EA extends Take-Two offer
Electronic Arts gives shareholders until May 16 to consider USD 2 billion acquisition offer
17th April, 2008
FireSky unveiled as Stargate Worlds publisher
Industry veterans Nakamoto and Ybarra involved in new company, aims to combine gaming with social networking
Enterbrain denies Hamamura's alleged DS predictions
Japanese publisher issues a statement countering report by Bloomberg
EA's Take-Two deadline looms
Take-Two's stockholder meeting to take place later today, as EA's USD 26 per share tender offer expires tomorrow night
Nintendo shoots down DS redesign rumours
Company won't comment on E3 plans, but dismisses chatter of new DS model
16th April, 2008
No stockholder proposals, says Take-Two
The time allotted for Take-Two stockholders to nominate directors or propose new business has expired
Realtime Worlds coy on APB for the PS3
Studio unable to shed any light on comments made in the mainstream press about an as-yet-unannounced platform for the MMO
Prototype comic coming in August
Sierra and DC Comics announce a deal for a publication, to be adapted from the videogame title.
Petoglyph announces free online game
Developer signs a deal to work with True Games on the micro-transaction title.
15th April, 2008
Ubisoft acquires Gameloft's India studio
Ubisoft has reached an agreement with Gameloft to acquire its development studio in Pune, India
14th April, 2008
Realtime Worlds confirms USD 50 million investment
Crackdown developer secures further funding for expansion and online projects
Hollywood needs us more than we need them, says Riccitiello
EA chief believes the industry has "stepped through a time window" where the best games are as important as top Oscar winners
Gardner to consider ditching Infogrames name
Atari name in focus for "best-funded, best-branded, most energetic start-up in the history of computer gaming"
11th April, 2008
Atari: "We don't have room for mistakes"
David Gardner talks competitor threats, Phil Harrison details rejuvinated publisher's online ambitions
10th April, 2008
Alone in the Dark to sell 2-3 million units
Infogrames chief coy over schedule to return the company to a "break-even" state
AMD to cut workforce by 10%
Hardware manufacturer to lay off 1600 staff as it lowers Q1 2008 income by USD 100 million
9th April, 2008
Interplay returns with sequels and MMO plans
Company to begin in-house development and seeks funding for MMO based on Fallout IP
Codemasters and RTT announce tools partnership
Publisher and 3D rendering specialist to share modelling and visualisation technology
SEGA confirms Racing Studio closure
Developer not profitable enough to result in "successful return" for publisher following poor SEGA Rally sales
Jacobson: Industry already moving towards Hollywood model
Jacobson thinks that, as the industry approaches the Hollywood model, independent studios are important for a creative future
8th April, 2008
EA deal is one of Epic's biggest, says Rein
Epic VP Mark Rein says that the licensing deal with EA is one of the biggest his company has ever done
Sega's UK Racing Studio Closed?
Sources have told the media that Sega's UK-based Racing Studio has closed
EA expands Unreal Engine deal
Publisher EA has expanded its license to use the Unreal Engine for five additional titles
7th April, 2008
Pseudo Interactive closes down
Full Auto developer shuts following layoffs and the scrapping of several projects
Hudson expects Wii titles to boost profits 400 per cent
Incoming president targets JPY 10 billion in profits by 2011 off the back of Nintendo sales
Console war is "totally irrelevant" - Sorenson
THQ's head of worldwide studios insists the company is focused on opportunities, not who's winning the next-gen race
4th April, 2008
THQ: Acquisitions not crucial for growth
But CEO Brian Farrell believes that the two publisher mega-deals are creating new opportunities
