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Disaster

New owner: Midway “hemorrhaging cash at an alarming rate”

This just gets rosier. According to a filing made by new Midway owner Mark Thomas, Midway’s going to very quick cash from Acquisitions Holding Subsidiary, his shell company, and he wants his investment collateral protected. “It is beyond dispute that [Midway has] an immediate need to access and use AHS’s Cash Collateral,” said the filing. […]

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Disaster headlines

  • Xbox Live accounts wiped by Hotmail snafu

    Oh dear. GI’s reporting that some Xbox Live users who let their Microsoft Passport Hotmail accounts expire are at risk of getting their Gamer Scores wiped. For good. “The only alternative is to set up a new Gamertag with your preferred email address,” said a rep today. Yep, that’s right. Anyone hit by the fault […]

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  • Man proposes via LBP level - video

    After the break. Seriously, this is a step too far. There’s a global financial disaster going on, you know. Thanks, Kotaku.

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  • SCEA confirms Firmware 2.40 status - it's down, but SCEA working "diligently" on problem

    Update: SCEE’s made a statement here. SCEA comms man Patrick Seybold has confirmed on the US PS blog that PS3 Firmware 2.40 has been removed from the company’s servers after receiving a “low volume” of complaints regarding installation. The complaint being that the update “bricked” people’s consoles. “As has been reported on many gaming blogs […]

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  • BBFC ratings could delay UK game releases, says EA

    Speaking to GI, EA UK MD Keith Ramsdale has said that if proposed ratings changes outlined in the Byron Review go ahead, British gamers will face delays to the release of new titles. “The government’s proposed changes to the existing age rating systems will create further delays in getting hit games to the UK,” he […]

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  • Nintendo backs out of Games Convention 2008

    Sorry, we posted this then deleted it in Harrison frenzy earlier. Nintendo’s cofirmed it won’t be attending Games Convention this year. According to Kotaku: Nintendo Germany’s Dr. Bernd Fakesch iterates that this decision applies only to GC 2008, the last year it’ll be held in Leipzig. As for next year’s bigger, better, badder Games Con […]

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  • Gametrailers gets fried over "fake" GRID comparison

    Gametrailers is experiencing something of a meltdown over a comparison trailer showing GRID’s physics – in the opinion of the masses – as superior in the game’s 360 version. Unfortunately for the site, both videos used in the movie were from the PS3 version, as seen clearly from the controller map in the bottom of […]

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  • Activision and Vivendi depart ESA

    According to Kotaku, both Activision and Vivendi have left US trade body ESA. ESA’s Rich Taylor said in a statement: “While the Entertainment Software Association remains the preeminent voice for U.S. computer and video game publishers, we can confirm that Activision and Vivendi Games opted to discontinue their membership. The ESA remains dedicated to advancing […]

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  • Fatalities out of new Mortal Kombat?

    Kotaku’s reporting a rumour that the new Mortal Kombat won’t have any fatalities. The game – titled Mortal Kombat vs. DC Universe, was announced this morning. From the site: A former Midway employee has contacted us and said that he worked on the game, and that Mortal Kombat v DC features “no fatalities and little-to-no […]

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  • Vegas 2 360 bugs follow PS3 debacle

    Oh dear. Looks as though the 360 version of Rainbow Six Vegas 2 comes with its own glitches, following news that the PS3 version’s multiplayer is pretty much unplayable. According to this, the 360 game has an Achievement bug if you’re bringing data over from the first title, and also carries stat-tracking issues. Not so […]

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  • Toshiba to take $1 billion hit on HD-DVD

    The Nikkei’s reporting the Toshiba is likely to write down just under $1 billion in its failed war on Blu-ray. The company has refused to comment on the report, which has hit the firm’s share price to the tune of 2.3 percent. Toshiba is still expected to post a 250 billion yen operating profit for […]

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  • Atari losses continue in third quarter

    Atari’s announced a third quarter loss of $0.3 million, compared to a $0.6 million loss in the three months ending December 31 2006. Despite shaving a little off the drop, revenues dumped significantly, down from $95.3 to $64.8 million for the nine months leading to December 31, year on year. Loss for the nine-month period […]

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  • Davis: "Gerstmann firing destroyed me"

    Gamespot staffer Ryan Davis has said that Jeff Gerstmann’s sacking from the site last November signalled the end of his time at the site, at which he’d worked since 2000. “Jeff’s firing just destroyed me, and I think it shed a light on the other stuff that I had been kind of rolling along with,” […]

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  • Ryan Davis quits Gamespot as Gerstmann fallout continues

    Long-time staffer Ryan Davis is to leave Gamespot, says this, the reason apparently being the November departure of Jeff Gerstmann following a 6/10 review for Kane & Lynch. The news brings the tally of lost staff due to the incident to four, if Gerstmann himself is included. New editor-in-chief Ricardo Torres confirmed the decision. Davis […]

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