Game industry business news

GAME’s latest trading statement was spectacular enough to shoot down the wonky analysis of internet doom-mongers and their ‘High Street is dead’ rhetoric – something the specialist has become quite adept at in recent times. The stunning set of results, which recorded the 22 weeks to June 30th, showed a …

Following the $100 price cut in the US on July 9th, sales of PS3 hardware have shot up by 135 per cent according to reports from Wal-mart, Best Buy, Target, Circuit City and GameStop – the firm’s five biggest retailers. June NPD figures show that the PS3 sold 98,500 in …

Game Connection in Leipzig will have a greater trade focus this year, with anticipation already rising for press conferences from Nintendo, Microsoft, Sony Computer Entertainment Europe and the leading third party publishers. As well as attracting over 200,000 consumers, the event boasts a trade day on Wednesday August 22nd, which …

EA’s executive vice president of studios David Gardner, who only last month was awarded an OBE on the Queen’s honours list, is to leave the company according to reports. Gardner helped establish EA Europe in 1987 and has been with the company since 1983. A statement given to Gamesindustry.biz says: …

It’s one of the most anticipated games for Sony’s PlayStation 3, and the Japanese platform holder has confirmed that a playable demo of Ninja Theory’s Heavenly Sword will arrive on the European PlayStation Store this Thursday. CVG reports that the demo will only last around ten minutes, but will give …

Koch Media’s UK HQ has agreed a distribution deal with Dutch publisher Playlogic. The contract includes titles such as Evil Days of Luckless John on PC, Xyanide Resurrection on PSP and PS2 and the sequel to survival horror titles Obscure, which will be released on both PS2 and PC. We’re …

British publisher Eidos has signed a deal with in-game ads firm Double Fusion which will see the company supply ads for ten of Eidos’ games over a three year period. No specific titles have been named. "This is an exciting and innovative opportunity for Eidos, we’re delighted to be working …

Bloomberg reports that Take 2’s former chief accounting officer Patti Tay and general counsel Kenneth Selterman have both pleaded guilty to falsifying records relating to stock options in 2001 and 2002. Selterman has received three years probation, a $50,000 fine and 200 hours of community service whilst Tay has also …

With services such as Microsoft’s Windows Live currently spearheading the community gaming movement, Valve is to this week launch a host of new community features for its massively popular Steam network. The free update will allow users to build their own personal Steam pages and profiles, schedule games with friends, …

Katamari Damacy designer to present Vision Statement