Majesco praises Wii development costs

Publisher Majesco has praised the lower development costs of Nintendo's Wii console, and intends to refocus its business to take advantage of the system's potential.

As well as as bringing Bust-A-Move Revolution to market, the publisher revealed it has plans for more Wii titles heading into 2007.

"Looking forward, we believe that Nintendo's new Wii console has excellent potential to capture the mass market gamer while remaining within our more conservative cost structure," revealed Jesse Sutton, Majesco's interim chief executive officer.

"As such, we are expanding our strategic focus to capitalise on the potential of this system, and currently have two Wii games in development. Going into our last quarter, we are looking to our holiday line-up to build momentum for 2007," he added.

The comments came as Majesco announced its third quarter financial results, with net revenues of US$ 12.6 million, up from US$ 4.6 million for the same period in 2005.

Despite this climb, overall net revenues for the current financial year are down from US$ 55.1 million to US$ 48.3 million.

Majesco recently opted out of publishing full-price console games, in order to refocus on smaller titles after disappointing sales of games such as BloodRayne 2 and the critically acclaimed Psychonauts.

"We are pleased with our third quarter performance and the progress we've made refocusing Majesco's game publishing business," commented Sutton.

"This quarter we achieved a substantial improvement in our results over the third quarter of 2005 due to a more conservative approach to game development, an improved cost structure and strong sales of Jaws Unleashed," he concluded.