News (Page 3887)

Japanese console giant Nintendo has revised its financial projections for the year, dropping its full-year profit outlook by 5 billion Yen and projecting a loss of 3 billion Yen in the first half, which ended in September.

Sony Computer Entertainment has moved to clarify the situation regarding this weeks European Court judgement on the customs status of the PS2, stating that early reports were correct and the company has in fact won its case.

Development studio Valve Software has seen the entire source code to Half-Life 2 - including source from some of the company's middleware partners - leaked to the Internet following a breach in the company's security.

Nintendo will cut the price of its flagship GameCube console to £79 next Friday following Sony's PS2 cut last Wednesday. All eyes are now on Microsoft as the console price war springs back to life.

Guildford-based studio Lost Toys has become the most recent casualty among independent UK developers, with the company making its entire staff redundant and ending work on its current projects.

The European Union has officially branded the PS2 as a games console rather than a computer, in a move which foils Sony's plans to claim back millions of euros of customs duty by having it reclassified as a PC.

Following last weeks price cut for the GameCube in North America, Nintendo of America has unveiled a $50 million marketing campaign for the console in the run-up to Christmas, focused on the slogan "Who are you".

Event organiser CESA has released preliminary attendance figures for the Tokyo Games Show, revealing a substantial climb in attendance at the three day event and reversing several years of decline for the show.

Publisher Bam! Entertainment has announced that it is preparing for a private offering of some 1.85 million shares of stock, following weak Q4 results which saw deepening losses and falling turnover.

Graphics chipset manufacturer ATI has unveiled the latest additions to its Radeon range of high-end graphics cards, with Valve's Gabe Newell on hand to praise the cards' performance in the now-delayed Half-Life 2

Scottish development group VIS Entertainment has shut down the London development studio which it acquired from BAM! Entertainment less than a year ago, citing project delays and cancellations as the cause.

Namco's Soul Calibur II has gone straight to the top of the UK All-Formats chart, also topping the GameCube and Xbox chart in the process - while EA has also had a great week, with four new titles in the top ten.

UK publisher Codemasters is set to float on the stock exchange in a move which will value the company at around £100 million, according to a report published in London's freesheet newspaper Metro this morning.

French publisher Ubisoft has applied for an injunction to prevent key staff who worked on the Splinter Cell project from taking new jobs with Electronic Arts, a move which it claims breaks a clause in their contracts.

The new edition of the PlayStation 2 hardware, the SCPH-50000, which offers improved DVD playback, is set to arrive in the UK this week at the same time as Sony cuts the price of the PS2 to £139.99.

Overall software sales in Japan dipped below half a million units last week as the flow of new releases which had sustained the market through the summer dried up, leaving the top ten entirely composed of older titles.

Interplay has ended its distribution agreement with Vivendi Universal Games and says that it is considering legal action against the publisher following a dispute over the payment of royalties.

Bath-based development studio Pivotal Games has been purchased by British publisher SCi following the collapse of its parent company, Kaboom Studios, earlier this month.

Dennis Publishing's Golden Joysticks videogame awards are set to be broadcast to an audience of up to eight million viewers on music TV channel MTV, thanks to a new sponsorship deal with the channel.