Japanese game development companies have had a rough twelve months. From the record high yen to the terrible US dollar, exchange rates have been killing profits on most games. Nintendo is on of the biggest companies hit by the soaring Japanese currency and its export ramifications, posting its first annual loss in history for the ..
It’s not just Nintendo and Sony that are feeling the full effects of the bad economy. Japanese gaming giant Sega recently announced that it lost over five billion yen in the last year due to poor sales and the relatively strong Japanese yen. It’s a similar situation to that seen with rivals Nintendo and Sony, ..
It’s not just Nintendo that’s facing record losses for the last twelve months. Japanese gaming and technology giant Sony is expecting to record a $2.9 million loss for the last years, citing the poor exchange rate and ongoing demand issues as the reasons for its poor performance. Sales of Sony’s PS3 console were down over ..
From Avatar to The Dark Knight, there’s nothing like a blockbuster movie to mobilize millions of people, and line the pockets of some of the world’s biggest studios. But despite the success of ‘Big Hollywood’ over the last few years, many in the entertainment industry are looking elsewhere for their blockbusters, and one of the ..
Whether you’re a fan of Farmville or a hater, it’s hard to claim that Zynga is a force in gaming that can be ignored. The social games giant has created some of the world’s most popular games, racking up a user base in the tens of millions and some serious revenue in the process. But ..
Thanks to a few revealing tweets, California-based game developer THQ found itself in PR hot water recently. After gaming industry insiders published tweets claiming that the company was struggling to hit financial goals, the blogosphere lit up with articles debating whether the story’s validity, and what it could mean for THQ’s upcoming games. Thankfully, it ..