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Breaking Gaming Industry NewsAussie Man to Pay Nintendo $1.3M for Pirating Wii Mario GameAuthored by Mark Hefflinger on February 9, 2010 - 10:33am.
Sydney
- An Australian man has agreed to pay Nintendo $1.3 million in damages and
reimburse $87,000 in legal costs, as part of a settlement reached after he was
taken to court or allegedly uploading a copy of "New Super Mario Bros.
Wii" to the Internet, the Sydney Morning Herald reports.
Yale Gets $4 Million to Develop HIV Prevention Video GameAuthored by Mark Hefflinger on February 9, 2010 - 9:20am.
New Haven, Conn.
- Yale University has received a $3.9 million
grant to develop a video game designed to teach young people how to avoid being
infected with HIV, GamePolitics reported.
EA to Release Version of "Madden NFL" on FacebookAuthored by Mark Hefflinger on February 8, 2010 - 1:01pm.
New York
- Video game publisher Electronic Arts (NASD: ERTS) plans to bring a version of its popular
"Madden NFL" football game franchise to Facebook, Bloomberg reports.
"We have to make 'Madden' more accessible," EA Sports president Peter
Moore told Bloomberg. "You'll see us on Facebook going forward." Moore called the Facebook
version of the game, which does not yet have a release date, a "simpler
experience" than playing on a console.
Sony's "Free Realms" Online Game Hits 8 Million UsersAuthored by Mark Hefflinger on February 8, 2010 - 11:27am.
San Diego
- Sony (NYSE: SNE) Online Entertainment said on Monday that its free, family-friendly
online game "Free Realms" now counts over 8 million unique registered
users. The Sims-like online game features social networking elements and also
an offline physical trading card game.
Microsoft to End Xbox Live Support for Original XboxAuthored by Mark Hefflinger on February 5, 2010 - 11:53am.
Redmond,
Wash. - Microsoft (NASD: MSFT) announced on
Friday that, as of April 15, its Xbox Live online game service will no longer
support its original Xbox console, which first went on sale back in 2002. "We
did not make this decision lightly, but after careful consideration and review
we realize that this decision will allow us unprecedented flexibility for
future features," the company said. The company has sold a total of over
24 million units of the original Xbox, which was discontinued in 2006.
Kwedit Secures $3 Million for Payment Service for Virtual GoodsAuthored by Mark Hefflinger on February 5, 2010 - 6:48am.
Mountain View,
Calif. - Kwedit, a developer of
new payment services for digital content and virtual goods, announced that it
has raised $3 million in its first round of funding, from True Ventures, Kapor
Capital, Maples Investments, Endeavor Partners, Fenwick and West, and angel
investors.
tags: Games | Deals | VC | True Ventures | Maples Investments | Fenwick and West | Virtual Goods | Kwedit | Kapor Capital | Endeavor Partners |
Sega to Release New "Sonic the Hedgehog" as Console DownloadAuthored by Mark Hefflinger on February 4, 2010 - 12:09pm.
San Francisco
- Game developer Sega on Thursday announced plans to release "Sonic the
Hedgehog 4: Episode 1," a new 2D game based on the company's flagship
franchise. The game will be released this summer exclusively as a download on
Xbox Live, the PlayStation Network, and WiiWare.
British Columbia Offers Game Developers Tax CreditAuthored by Mark Hefflinger on February 4, 2010 - 12:08pm.
Vancouver, Canada - The government of the Canadian province of British Columbia
has announced changes to its tax credit system that will create an incentive
for video game development in the province, as well as sweeten enticements for
film productions, the Vancouver
Sun reported.
Sony PSP App to Stream Live Football to Arsenal FansAuthored by Mark Hefflinger on February 3, 2010 - 10:46am.
London
- Sony (NYSE: SNE) Computer Entertainment has released a new application that will provide
live streaming video of English Premier League football team Arsenal to PSP
handheld game devices, The Register reported. The Arsenal TV Matchday
application, set to become available for download in coming weeks, will let
fans attending games at Arsenal's Emirates Stadium watch goal replays during
matches. Video will be delivered over a secure Wi-Fi network within the
stadium.
tags: Games | Sports | Video | PSP | English Premier League | Sony Computer Entertainment | Arsenal |
Report: Global Video Game Sales Down 8% in 2009Authored by Mark Hefflinger on February 3, 2010 - 8:30am.
 New York - Sales of video
game software were down 8% in 2009 across the key U.S.,
U.K.
and Japanese markets, according to combined data from market research firms NPD
Group, GfK Chart-Track and Enterbrain. Video game software unit sales fell 2%
in Japan in 2009, 7% in the U.S. and 14% in the U.K. The firms cited the recession,
and the shrinking PlayStation 2 game software market, which declined by 57%
across the top global markets in 2009.
tags: Games | Reports | Nintendo | Activision | Retail | Research | Enterbrain | NPD Group | GfK Chart-Track |
Movie Gallery Files for Bankruptcy; Will Close 760 StoresAuthored by Mark Hefflinger on February 3, 2010 - 7:58am.
 Wilsonville, Ore. - Movie Gallery, the operator of some 1,900 movie
and video game rental stores in the U.S., announced on Wednesday that it has
filed for Ch. 11 bankruptcy protections, and will immediately liquidate and
close 760 of its locations. Oregon-based Movie Gallery "cited the economic
and competitive realities facing its business" in the Ch. 11 filing,
recounting how its closure of several hundred underperforming stores over the
past two years was insufficient.
Russian Casual Games Firm Alawar Secures $3 MillionAuthored by Mark Hefflinger on February 3, 2010 - 7:43am.
Los Angeles
- Alawar Entertainment, a Russia-based casual games publisher, has received a
$3 million equity investment from Almaz Capital Russia Fund, which will hold a
23% stake in the company, PaidContent reported.
tags: Games | Deals | Casual Games | Investments | Alawar Entertainment | Almaz Capital Russia Fund |
Vivox Lands $6.8 Million for In-Game Voice ServicesAuthored by Mark Hefflinger on February 2, 2010 - 8:13am.
Natick, Mass. - Vivox, a developer of voice services
for online games, virtual worlds and other applications, announced on Tuesday
that it has secured $6.8 million in a third round of equity financing, led by
IDG Ventures.
tags: Games | Deals | VC | Benchmark Capital | Canaan Partners | Virtual Worlds | Vivox | IDG Ventures | GrandBanks Capital |
Sony Producing Reality Series for PlayStation NetworkAuthored by Mark Hefflinger on February 1, 2010 - 11:45am.
Foster City,
Calif. - Sony (NYSE: SNE) Computer
Entertainment America on Monday announced plans to release the first reality
series produced exclusively for its PlayStation Network, which provides
downloadable content for PlayStation 3 and PSP owners. "The Tester"
will see 11 gamers compete to win a job as a game tester with Sony and a $5,000
signing bonus. The first episode of the weekly series will become available for
free download on Feb. 18.
Microsoft to Offer 250GB Xbox 360 Drive Add-on in JapanAuthored by Mark Hefflinger on February 1, 2010 - 11:41am.
Redmond, Wash.
- Microsoft plans to release a 250B hard drive accessory for the Xbox 360 next
month in Japan,
IDG News Service reported. The company told IDG it currently has no plans for
the add-on device outside of Japan,
where it will sell for about $172 from March 11. The largest on-board drive
currently available for the Xbox 360 is 120GB on the Xbox 360 Elite.
Carl Icahn Increases Stake in Game Publisher Take-TwoAuthored by Mark Hefflinger on January 29, 2010 - 8:48am.
New York
- Activist investor Carl Icahn has purchased an additional million shares of
video game publisher Take-Two Interactive (NASD: TTWO), Silicon Alley Insider reported,
citing a regulatory filing.
IndustryGamers.com Names Mark Friedler as PublisherAuthored by Mark Hefflinger on January 28, 2010 - 1:51pm.
San Francisco
- Video game industry news site IndustryGamers.com on Thursday named Mark
Friedler as publisher. Friedler previously founded Internet technology and
advertising firms VCast and Gigex, and most recently was the founder and CEO of
GameDaily, which was acquired in 2006 by AOL.
Nintendo Revenues Fall 23%; Earnings Down 9.4%Authored by Mark Hefflinger on January 28, 2010 - 7:18am.
 Tokyo
- Nintendo posted a 9.4% decline in earnings and 23% drop in revenues for the
first three-quarters of its fiscal year, ended Dec. 31. The decline was blamed
in part on the recession, a price cut for its Wii console, and a leveling off
of demand for the DS, a platform that is now five years old. Nintendo reported
revenue of $13.1 billion for the nine-month period, and earnings of $2.1
billion.
Report: U.S. Virtual Goods Market to Hit $1.6 Billion in 2010Authored by Mark Hefflinger on January 26, 2010 - 10:40am.
San Francisco - The U.S. virtual
goods market is expected to surpass $1.6 billion this year, with social gaming
contributing $835 million of the total, according to a report from market
research firm Inside Network.
Male-Focused Network Break Media Forms Game StudioAuthored by Mark Hefflinger on January 25, 2010 - 12:30pm.
Los Angeles
- Break Media, the operator of a network of websites targeting young males,
announce on Monday that it has established a new video development studio.
Located in China,
the studio will focus on social games, and is currently working on six original
titles; its first game, "MMA FightPicker," is due to launch next
month. The game will be featured on Break's CagePotato.com site and also be accessible
on Facebook. Break says its stable of sites reach more than 100 million men
worldwide each month.
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