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Despite the onslaught of desirable, highly anticipated titles, week after week this fall, GameStop's sales are "lower than expected," the dominant games retailer told investors, simply because there were too many good games out there for customers to buy, especially in a poor economy. More »
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Sales for Ubisoft's second quarter is expected to show a more than 50 percent drop from the same quarter last year, the publisher and developer announced today. More »
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Addressing concerns raised by Stargate television show producer Brad Wright, developer Cheyenne Mountain has issued a statement assuring everyone that development on Stargate Worlds is still underway. More »
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With Midway in the middle of troublesome bankruptcy proceedings and rumors of the Mortal Kombat dev team leaving, it's a little surprising to learn that not one, but three companies are considering buying the company. More »
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With business failing and stores closing all over the country, GameStop reports record sales and earnings for 2008, and expects the trend to continue this year with plans to open 400 more stores. More »
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A popular online destination for the latest computer game demos, patches, and mods, FileFront has announced that come March 30th it will be no more. More »
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The Associated Press writes up an advance on GDC09, using the sour economy to set up the conference, which opens tomorrow with sessions like "Surviving the Squeeze" and "Stability in the Stormy Weather." More »
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With the British pound continuing to depreciate, Nintendo has announced that they will be increasing the price they offer the Nintendo Wii to UK retailers, who could pass the increase on to consumers. More »
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During a recent visit, CCP North America president Mike Tinney explained how the EVE Online developers continue to expand in an economic environment where many online gaming companies are cutting back. More »
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What does a company like Activision Blizzard do when sitting on $3 billion in cash with no debt while many gaming companies flounder in the face of an economic recession? They go shopping. More »
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Nearly all of Volition's quality assurance department were laid off today in Champaign, Illinois, THQ confirmed to Kotaku. More »
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A spike in gas prices followed by the deepening recession has led to all-time highs in pawn profits, the Chicago Tribune reports. Chief among the items sold? Video game consoles. More »
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Despite the protests of quite a long list of debt collectors, the U.S. Bankruptcy Court is letting Midway spend money to keep their doors open. More »
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Despite the cuts, despite the layoffs, despite the economic apocalypse, Electronic Arts will continue to take chances with its upcoming games. More »
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Following in the footsteps of their California kin, India's Bollywood has started courting the video game market with their own movie stars. More »
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Sensory Sweep, accused of not paying its 200 workers since at least October, has entered into a consent agreement with the federal Department of Labor under which current and former employees will be repaid. More »
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GameDaily BIZ cites an unnamed industry source that Brighter Minds Media, publisher of the acclaimed World of Goo, has filed for Chapter 11 bankruptcy protection. More »
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The number three MMORPG gold-seller on the internet, MyMMOShop.com, has just made the ultimate transaction, with the website purchased by a private equity company for $10 million. More »
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Playstation, Oakley and Totino's pizza rolls may still be sponsors at the Winter X Games in Aspen, but several other top sponsors have dropped out, including the Zune, The Aspen Times reports. More »
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News of game developers slashing thousands of jobs this week and shutting down studios, seems to dispute the notion of a recession-proof video game industry. More »
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Yesterday it was Microsoft, Sony, EA Canada and Intel taking hits from the economy. Last night, apparently, it was Eidos, which closed its Rockpool Games Studio in Manchester. More »
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Electronic Arts today laid off as many as 150 to 200 people today as part of the company's ongoing cut backs announced back in December, sources tell Kotaku. More »
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Microsoft is cutting 1,400 jobs today and another 3,600 over the next 18 months in the wake of today's news of a 11 percent drop in fiscal second-quarter net income, the company announced today. More »
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"Consumers seemingly snapping up anything that wasn't nailed down. (I've never seen so many HP wide-screen monitors in one checkout line)," according to CNET. The lines? Almost as long as Fry's - for once. More »
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After clearing the way for another month or so of existence by getting half of their debt holders to hold off on collecting, Midway today announced they have convinced the rest of them to sit tight as well. More »
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After closing 155 stores and filing for bankruptcy last year, the nation's second largest electronics retailer Circuit City is now planning to liquidate its remaining 567 U.S. stores. More »
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Crystal Dynamics laid off 30 people this morning in the wake of underperforming Tomb Raider Underworld sales, reliable sources tell Kotaku. More »
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Despite revenue of $7.5 billion in December, Best Buy still saw a drop in video game sales. More »
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The 2008 holiday season was Amazon's best ever, with Nintendo Wii dominating the top sellers in video games and hardware, the online retailer announced today. More »
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Digitimes is reporting that Nintendo has placed extra orders with InvenSense, its component supplier, in preparation for a jump in Wii sales. More »
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Yesterday we had a nice argument regarding Factor 5's shutdown and whether the bad economy was to blame. Now, The Economist examines a "recession-proof" business and comes to a few conclusions of its own. More »
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Gamasutra's Paul Hyman has a gloom and doom look at the used games market and why publishers are very unhappy with the situation; the comments section is surprisingly lively, and it's worth a look. More »
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Sooner or later someone is going to have to give us a definitive answer in the "will gaming survive the recession" debate. This week, 'analysts' reckon that the answer for casual gaming is 'maybe not'. More »
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Microsoft may not be looking at further price cuts for their console as the country tip-toes through this recession, but they're looking at ways to make their console attractive to thrift-minded families. More »
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Yesterday's announcement that things aren't so rosy at Electronic Arts seems to have hit the publisher's stock below the belt. More »
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It's been one hell of a week for Chinese company NetDragon, who announced (along with EA) the development of a Dungeon Keeper MMO. In addition, they've announced the development of Disney Fantasy Online. More »
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US megachain Gamestop have never had much of a foothold here in the UK - they have a couple of shops but are tiddlers compared to big fish GAME. This may change. More »
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Given Microsoft's recent Black Friday sales boasting, we'd think that the Xbox 360 team's egos are severely bloated. Not so. Shane Kim says the company is, somewhat distressingly, "cautiously optimistic" about next year's sales. More »
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With NCSoft slowing sinking, teams being laid off, Richard Garriott himself exiting the company, it should come as no surprise that another round of lay-offs have rippled through the company. More »
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On Tuesday, the economy was gonna kill Blu-Ray. As of Friday, Blu-Ray might save Christmas. Right now, the only difference between our economy and a back-alley crapshoot is the informed punditry of the former. But anyway, a bunch of studio executives met on Friday to say, more or less, if Blu-Ray can roll that hardway four we're totally gonna make the car payment and get out of this. More »
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