One of the developers on the front line of titles for Playstation’s Move motion control setup has voluntarily filed for Chapter 11. Or, more appropriately, the Dutch studio filed for the local equivalent, “surseance van betaling”. The company was in over $21 million in debt at the end of the previous fiscal year, and its […]
Despite the apparent undiminishing popularity of the Nintendo Wii, Nintendo announced that it has made a loss during the first quarter of the current financial year, which ended in June. Overall sales fell with 25.6%, which lead to a loss of approximately ¥25.2 billion, or $289 million. During the same quarter in 2009, Nintendo made […]
While a full acquisition of the French developer Ubisoft never fully manifested for Electronic Arts, its purchase and gradual increases in stock for the company has been a major source of revenue for the team. However, according to a report filed by Bloomberg, the mega-publisher has since decided to sell off its 15% share in […]
While pink slips have diminished since the end of last year, but companies are still forced to let staff go to curb the tide of a still dilapidated economy. Both Rockstar San Diego (Red Dead Redemption), Ready at Dawn (God of War: Ghost of Sparta) and Sony Online Entertainment (The Agency) have all confirmed lay-offs […]