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If you’re one of the many who get a kick from monthly hardware and software figures, I’m afraid you’ll not be getting your NPD kicks for a while. The chart-tracking company has delayed the most recent results for a period of “up to three ... [»]
Last year saw the gaming industry hit hard by the *ack* global economic downturn, with many people losing their jobs and numerous studios closing their doors, no longer able to turn a profit. M2 Research added up the casualties, and nearly 11,500 people in the video game industry lost their jobs since late 2008. “The final count for layoffs since the economic meltdown in late 2008 reached 11,488 worldwide, with the majority of the losses ... [»]
GRIN the developer with the most awesome logo and yet no so great games (Terminator Salvation)… okay they did also make Bionic Commando which was pretty cool but you get the point… has closed down. According to their website they have had to shut down thanks to an unbearable cash flow ... [»]
The global economic downturn is a phrase that’s been slung around a lot lately – and for good reason. The global economy is pretty much in the toilet (although it is starting to look a little more rosy), and everyone has been feeling its effects. Companies have been ... [»]
It seems mergers and acquisitions are the order of the day. Following on the heels of news that Id Software has been eaten by Zenimax, EA have conglomerated their two venerable RPG studios – Bioware and Mythic –in to one colossal RPG/MMO development powerhouse. Bioware, of course, are famous for crafting some of the most engaging and memorable western RPG’s – Baldur’s Gate, Neverwinter Nights, Knights of the Old Republic and Mass Effect. Mythic on the other hand (no Darren’s here) are best known for their MuhMORPuhGahs Dark Age of Camelot and Warhammer Online: Age of Reckoning. Bioware’s operations will remain unchanged, but Mythic’s former boss Mark Jacobs has been sent packing. Mythic staff will now report directly to Bioware boss Ray Muzyka, presumably whilst he strokes the fluffy white cat on his lap and ... [»]
Microsoft today announced that it would be retrenching 30% of it's Massive workforce as part of it's cost cutting measures to bring it's profits back to the dizzy heights previously achieved.However before you get to worked up about Microsoft's impending doom I should probably clarify that they are letting 30% of employees from their in-game advertising business, entitled Massive, go which is around 100 people. This is part of their previously announced goal to slim their workforce by 5000 people by mid 2009.I am ... [»]
This is never good news to report on.It has come to our attention that one of the biggest gaming magazines in South Africa has fallen victim to the current economic climate.While the details are still a little sketchy it appears that PlayTech magazine has been cancelled with immediate effect.According to some industry insiders PlayTech had one of the largest reader bases in the country and it has come as quite a shock to see them go under.We wish all the people affected the best of luck and hopefully things ... [»]
Sony, the entire company not just Sony Computer Entertainment, are expected to post a massive $1.1 billion loss.Gamesindustry.biz (via 1UP) reports that Sony initially expected a $2.2 billion profit, but due to the economic downtown and weakening Dollar versus the Yen, they are now struggling. I fail to see how a $3 billion difference was generated by a weakened currency and economy, but I didn't study business science.So alot of hopes are pinned on the ... [»]
I am trying to sneak this one in on a Sunday to avoid the sh*t storm that is most likely going to follow it. Let’s get the facts out of the way straight away, in America the official November sales ... [»]
I was following up on the job cuts made by Sony yesterday to see if we can expect them to hit the gaming division or not. I personally expected them to be in the other arb divisions of Sony like finance or ... [»]
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