News Tagged: economy

The latest sales data from NPD Group indicates that "new launch performance" went through a 99% decline during January 2012, as opposed to the same month in 2011. Of course, this might have a little something to do with the fact that this was one of the 'deadest' Januaries for gamers, and probably one of the worst post-Christmas dry seasons...

Paycheck just arrived and, boy, that just feels like somebody has just given me the entire fucking world!!! Bloody economy. What's really fucked up is that more than half of that money has to cover stuff like rent, bills, various monthly expenses etc. FUCK! The good news is, I managed to snatch enough cash for a distinctly geekish purchase.

During Sony's Gamescom press conference, held today, Sony CEO Andrew House officially confirmed a global price decrease for the industry giant's console, PlayStation 3. In other words, the system is now cheaper across Europe, Japan and North America...

According to the latest data released by NPD, US retail sales of games, consoles and accessories dropped to their lowest total in almost 5 years during the pervious month (thanks, GamaSutra). NPD Group data indicates that sales fell 26% year-over-year to $707...

THQ, unfortunately, had to cancel a number of online games, after a lousy financial third quarter, which ended December 31, 2010. The company had a quarterly profit of $542,000 last year, but has now experienced a loss of $14.9 million (holy ass!)...

Apart from diving into the market of casual games, publishers have all sorts of deviant little ways to pull in more resources - milking their popular franchises being the most obvious way, of course. Beyond that there's the dreaded process of slicing video games into tiny bits and then selling them off bit by bit...

LA Times reports that for the second year in a row U.S. video game sales marked a decline, down 5.7% to $18.6 billion in 2010 from $19.7 billion in 2009 and $21.4 billion in 2008. The data was compiled by NPD Group. "Hardware sales were down 12% in units for the year...

Sales data research company is about to publish a 'Games Industry: Total Consumer Spend' report, which goes into detail about how much gamers in the US have spent during the first half of 2010 (thanks Shack). What's even more interesting is that, according to the report, between $2...

Anybody have the time to check out Extra Credits? They're pretty cool. Also, While I'm really enjoying what these guys have been churning out on a weekly basis, their latest episode doesn't make me feel any better about the industry's latest form of consumer wallet rapage (i...

You may or may not have already expected as much, but developing a triple-A real-time strategy is a bloody expensive endeavor these days; especially when you're looking to please millions of fans worldwide. And, as we all know, there's always a powerful community behind each successful Blizzard title...

Folks from the US aged eight and up have spent approximately $25.3 billion on video games, according to consumer spending data from research firm Newzoo. The survey -- focused on the year 2009 -- has shown that 46% of that budget goes to the used game trade and online models including subscriptions, virtual currency, microtransactions and digital distribution...

MCV reports that, according to some of their sources, Take 2 Interactive is preparing a restructuring effort that would "improve the company's finances." As a result, 20% of its 2,000-strong global workforce would be let go. The report also points out that "cuts will be made across both its publishing and studio operations...

Aha... suuure. Sucking up to gaming audiences, eh, Ubi? Ubisoft warns publishers to keep a close check on their development costs, so prices of video games remain fair to consumers. UK boss Rob Cooper stated there was "no point spending more on products if...

I was just thinking about how amazingly well Activision is doing with Modern Warfare 2 and, as 2lions put it, it's a business more lucrative than dealing drugs. Seriously drug dealers would be far better off publishing video games than distributing various illegal substances...

EA may be on the verge of major financial woes. After a few years of efforts to reinvent its development strategy, industry veteran and still one of the largest video game publishers on the market, is losing its reputation in the eyes of investors...