News (Page 3887)
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Nintendo drops first half projections into loss
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.
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EU court did find that PS2 is a computer - Sony
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.
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Embarrassment for Valve as Half-Life 2 source leaks
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.
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Cube price cut to £79
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.
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More UK development woe as Lost Toys shuts its doors
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.
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Sony loses EU customs case as PS2 is branded a console
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.
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Nintendo launches $50 million US marketing campaign
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".
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CESA jubilant as TGS figures show growth
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.
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Bam! plans new share offer as Q4 results decline
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.
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ATI launches new products with Half-Life 2 fanfare
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
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VIS shuts London studio
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.
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UK Charts: Soul Calibur II goes in at number one
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.
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Codemasters plans stock market flotation
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.
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Ubisoft bids for injunction as key Splinter Cell developers move to EA
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.
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New PS2 hardware rolls out in the UK
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.
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Japan Charts: Gundam back on top as new releases dry up
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.
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Vivendi dumped by Interplay amid non-payment accusations
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.
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Pivotal Games rescued by £2.36 million SCi buyout
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.
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MTV gets game as Golden Joysticks sign TV sponsorship deal
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.