This Week in the Business: 'Nintendo Must Stop Living in the Past'

What's happened in the business of video games this past week ...

QUOTE | "Nintendo must stop living in the past." - Michael Pachter, Wedbush Securities analyst looking at the Wii U's design and how it is going to make their launch difficult.

QUOTE | "I think I'd be disappointed if Kotaku didn't change." - Brian Crecente, former editor-in-chief of Kotaku, on what he expects will happen to Kotaku now that he's gone.

QUOTE | "Outlets are losing traction or credibility or their sheen, and we'd like to pick it up." - Chris Grant, former editor-in-chief of Joystiq, talking about how the new Vox Games site will be trying to become the world's largest gaming site.

STAT | 42,648 – Number of PS Vita units sold in Japan in its third week, down from 72,479 units in the second week and 321,000 units sold in the first two days.

STAT | 8% - Amount the Japanese game market revenue fell in 2011 versus 2010, from numbers reported in Japan's leading game magazine Famitsu.

QUOTE | "The key challenge is to bring back consumer excitement around the Sony and PlayStation brand." - David Cole of DFC Intelligence on what Sony has to do to succeed in 2012.

QUOTE | "Our team will be eating, sleeping, and breathing Tomb Raider." - Crystal Dynamics community manager Meagan Marie talking about the new Tomb Raider and the exciting new IP Crystal Dynamics is working on.

QUOTE | "It's a tough, bleak world for new sites." - Industry veteran Douglas Perry on the challenges that Vox Games will face despite hiring a "super team" of journalists.

QUOTE | "We view the early success of Star Wars as an indication of a healthy MMO market." - Baird Equity Research's Colin Sebastian, talking about early numbers on Star Wars: The Old Republic's subscribers.

QUOTE | "Free-to-play is the new frontier of western game development." - Robin Kaminsky, former Activision VP looking at how the game industry is shifting towards this business model.

QUOTE | "God of War IV (upcoming)." - Timothy Williams, game composer, inadvertently revealing on a resume the new game in the works.

STAT | 1 Million – Number sold of three different Nintendo 3DS titles in the USA in 2011, closing out the year strongly for the 3DS.

This Week in the Business courtesy of IndustryGamers.com

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