Business

Business headlines

• Majesco revenue down; no next-gen Zumba games for a while

  Majesco Entertainment has published its financial report for the fourth quarter and full fiscal year 2013, detailing its strategy for renewed growth in 2014.

• EA VP Jeff Brown leaves company

  Jeff Brown has stepped down from his role as senior VP of corporate communications of EA after 14 years.

• Microsoft's Xbox brand will be "sold to someone like Sony", failure is "inevitable"

  The analysts are at it again. This time, a US firm predicts Microsoft’s Xbox brand is on a downward spiral.

• TIGA says UK shouldn't ignore Irish game industry

  Richard Wilson, CEO of the UK video game trade alliance TIGA, said yesterday that the UK government should not be ignoring Ireland’s drive to attract video game developers.

• Zero Point Software raises $125,000 through fan-funding for 'AAA Indie' title

  The Danish developer of Interstellar Marines has described how it eschewed traditional publisher funding and reached out to its fans. The fans, it seems, have reached back.

• PopCap to "look at" IPO in back-half 2011

  Forbes reports that PopCap, a private company since inception in 2000, may float in the back half of 2011.

• Investment banker says global games market's worth $105 billion

  An investment banker with Avista Partners, Paul Heydon, has estimated the global games market cap has reached $105 billion when factoring in online games.

• Report - Polish tech firm to buy CD Projekt

  Witcher developer CD Projekt is to be bought by a Polish tech firm, Optimus. That’s according to a report on Polygamia (via GI), who claim the takeover is to switch the developer from being privately owned into a publicly traded business on the Warsaw Stock Exchange. The move is expected to be made with stock […]

• Paddington Academy officially opened today

  The UK’s Princess Anne formally opened the Paddington Academy today. The specialist school for performing arts, media, business and enterprise was co-funded by the United Learning Trust and GamesAid. Official classes started in 2007, but the ribbon cutting did not occur until today, with a ceremony attended by volunteers and philanthropists. “The Academy has been […]

• Woolworths' ex-game boss John Stanhope signs on with Tesco

  EUK’s former games bossman John Stanhope has a new job with Tesco as its senior buying manager, says MCV. Stanhope was previously Woolworths’ head of the commercial division before the chain went under in November 2008. Entertianment director for Tesco, Rob Salter, said that “John has the respect and trust of the industry and the […]