GAME Australia Goes into Administration

May 14, 2012 -

According to a report in the UK newspaper The Daily Telegraph video game retailer GAME has announced that its Australian division was going into "voluntary administration." The company has chosen Pricewaterhouse Coopers to deal with its current financial complications, though the accounting firm said that the 92 stores in the country would continue to run while things were sorted out. The company employs about 500 people in Australia.

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UK PEGI Ratings Bring Penalties to Careless Retailers

May 11, 2012 -

One of the things we did not note when we wrote about it earlier this week is that, with the PEGI rating system coming to the United Kingdom, there will be a change in the law that retailers will want to take note of. According to the official release from the Department for Culture Media and Sports (DCMS) the Video Standards Council (VSC) will have the right to "refuse to grant an age-rating for a video game if it includes extreme content” (which means it can’t be sold in the UK).

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Peter Moore: EA Loves What Retail Does for Them

May 10, 2012 -

Speaking at the Bank of America Merrill Lynch 2012 Global Technology Conference this week, Electronic Arts chief operating officer Peter Moore has said that retail is still "where it's at" for most customers, despite the amazing growth for the company in the digital space.

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Report: Wii U to Carry a Retail Price of $300

April 9, 2012 -

How much are consumers willing to pay for Nintendo's latest console, the Wii U? According to one report, Nintendo thinks they will be more than happy to plunk down $300. According to Forget The Box, "sources closely involved" in manufacturing Nintendo products claim that it costs $180 to make the Wii U  and an additional $50 for the tablet controller. Because of that, the sources say, Nintendo will set the retail price of the Wii U at no less than $300.

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GAME Comes out of Administration with New Owner, and a Returning Managing Director

April 2, 2012 -

GAME came out of administration over the weekend with a new owner, and a former managing director has returned to run the company, according to GamesIndustry International. The new owner is Baker Acquisitions, who were advised by OpCapita. The firm has bought all the UK assets of GAME, and will keep 333 stores open, saving nearly 3,200 jobs. The company hopes to re-employ a small number of the head office staff.

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GAME Web Sites Back Online

March 30, 2012 -

UK video game retailer GAME has brought both GAME and Gamestation's UK websites back online after being shut down earlier this month right before it went into administration. Yesterday it was rumored that a consortium led by the Royal Bank of Scotland was working on a deal to get GAME out of administration by the month's end. Both Game.co.uk and Gamestation.co.uk are both back up, with both sites offering a handful of deals on various new and used games. Both sites currently offer only limited functionality.

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Report: Royal Bank of Scotland Will Help Save GAME

March 29, 2012 -

Troubled UK video game retailer GAME is troubled no more, according to this MCV report. According to MCV, GAME is set to exit administration thanks to some white knight action on the part of a consortium led by the Royal Bank of Scotland. Citing sources "close to the negotiations," MCV contends that "a deal to save the retailer is incredibly close" to being finalized. If that happens, GAME could be out of administration as soon as March 30.

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Ireland: Former GAME Employees Release Statement on Protests

March 28, 2012 -

A group of former Irish GAME employees have been staging on-site protests at a number of now shuttered stores in Ireland and have released a statement explaining why they are so upset with the video games retailer that recently went into administration. The protests are a direct response to GAME and administrator PriceWaterhouseCoopers refusing to pay fired employees for the remainder of their contract, holiday pay owed and other compensation owed.

The group says that it will continue their protests until PwC amends its decision. The full statement can be found below:

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GAME Gets Administrator, CEO Resigns

March 26, 2012 -

Troubled UK video game retailer GAME has officially entered into administration, with PricewaterHouseCooopers named as its administrator. According to a GamesIndustry International report, the company has taken both game.co.uk and gamestation.co.uk down, and has begun closing stores in the UK.

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GameStop Signs Digital Distribution Deal with Blizzard

March 23, 2012 -

GameStop is banking on a new deal with Blizzard that it hopes will shore up its digital sales over the next several years. The deal will see GameStop offer customers the ability to buy games and digital goods for Blizzard games in the retailer’s stores in the U.S. and other regions. Diablo III, coming May 15, will be the first game sold via download codes in the stores.

GAME's Options Moving Forward

March 22, 2012 -

MCV writer Christopher Dring runs down the list of companies that might be able to pull troubled UK games retailer GAME out of its financial troubles. The names thrown around in his article include private investment firm OpCapita, US-based retailer Walmart, US-based games retailer GameStop, and retail restructuring firm Hilco. Along with listing all the reasons these companies might have an interest in buying GAME, the article lists all the reasons what harm such deals could do to the retailer.

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EA UK Boss: GAME Will Rise Again

March 22, 2012 -

Electronic Arts' UK Managing Director Keith Ramsdale said that he expects GAME to survive its current administration woes and return to High Street after its administration process is complete. Speaking at the Westminster Media Forum today, Ramsdale also rubbed some salt in the wounds of GAME by saying that the games it couldn't stock like Mass Effect 3 and FIFA Street were selling well through alternative retailers on High Street and online.

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GAME to Enter into Administration

March 21, 2012 -

GAME has officially filed to enter into administration today. The UK-based video game retailer had its shares temporally suspended from trading this morning prior to making its move.

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Goldman Sachs acquires 13 Million GAME Shares

March 15, 2012 -

Goldman Sachs (a company our tax dollars helped keep going - you're welcome!) is the latest financial investment firm to buy stock in The GAME Group. The U.S.-based firm purchased 13,120,220 shares in the UK-based video game retail company March 12. Yesterday it was revealed that U.S. investment firm Blueshore Global had acquired an eight percent stake in the retailer. The buy-in by Goldman Sachs entitles the firm to 3.78 percent of its voting rights.

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Report: Time Running out for GAME Even as Potential Buyers Show Interest

March 14, 2012 -

Time is running out for UK retailer GAME if you believe this story from MCV, but several companies have quietly approached the troubled retailer about an acquisition according to another MCV report. One of those potential suitors is rumored to be Walmart, which has about 9,000 retail stores nationwide. Why a general goods retailer would want to buy a specialty retailer like games is beyond me.

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GAME Reponds to Times Report

March 12, 2012 -

Responding to a report in the Times, troubled UK video game retailer GAME has issued a statement this morning confirming much of the news we noted on Friday that it is in discussions to sell the company and that it is still trying to negotiate with creditors to continue doing business. 

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Report: GAME Executives Told to Prepare for Administration

March 9, 2012 -

According to a report on MCV, UK video game retailer GAME is telling its employees to be prepared for the company to go into administration (bankruptcy). The company's senior staff was told at a meeting with CEO Ian Shepherd earlier in the week that the chain has approximately two weeks to improve its luck and get its affairs in order before administrators are called in. The company is still hoping for a buyout by GameStop or some other investor.

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Report: GameStop Eyeing GAME's Operations in Spain and Portugal

March 8, 2012 -

According to a report in the Independent, U.S.-based retailer GameStop has expressed interest in buying trouble UK retailer GAME's Iberian operation. The report makes no mention of GAME's UK operations, but points to its stores in Spain and Portugal. Both companies declined comment.

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GAME Not Stocking Street Fighter X Tekken or Asura's Wrath

March 5, 2012 -

Troubled UK retailer GAME will not be stocking Street Fighter X Tekken and Asura's Wrath, according to an MCV report. Both were scheduled for release this Friday in the UK. The Capcom titles join other high profile titles that were recently passed over including Mass Effect 3, Mario Party 9, The Last Story and FIFA Street.

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Report: GAME Directors Might 'Pull the Plug'

March 5, 2012 -

Investors and directors are not confident in UK games retailer GAME, and one report from The Express this weekend notes that company directors are considering "pulling the plug" on the entire operations rather than lose any more money. Executives at the top of the troubled retail chain are concerned that the retailer is negotiating big titles on a "game by game basis," and some investors could lose patience with that way of doing business.

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Analyst: GAME Could Lose Millions over Mass Effect 3 Decision

March 2, 2012 -

UK games retailer GAME could lose up to £2.5 million (or roughly $4 million USD) over its decision not to stock EA's Mass Effect 3, according to one analyst. Mark Photiades of Singer Capital Markets noted that lost sales and compensation to those customers who pre-ordered the game could prove detrimental to GAME's already fragile financial standing.

Photiades comes to this conclusion based on some hypothetical sales calculations:

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GAME Calls EA Stocking Problems 'Temporary'

February 29, 2012 -

UK video game retail chain GAME made an announcement this morning that it would not be stocking Mass Effect 3 or any other EA title in the immediate future. The publicly traded company paid for that announcement today as its stock plummeted 15 percent on the news. GAME also said that it is not stocking Nintendo's Mario Party 9, and earlier this month it decided not to stock Ubisoft’s PS Vita launch titles or the latest Tekken title for 3DS. All of this is making investors nervous and the public concerned that the company is sliding down a slippery slope.

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UK Games Retailer GAME Closing 35 Stores

February 23, 2012 -

According to a Gamasutra report troubled UK games retailer GAME has chosen 35 stores and one of its main online sites that it will be shut down as part of a strategic plan to cut costs. The move follows a rescue of the company by stakeholders and lenders. As part of its restructuring plan, Game must operate its business "within lower limits" than it has in the past and shut down 60 of its stores in the UK by 2013.

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UK Developers: Games Retail Channel Dead in 10 Years

February 21, 2012 -

Jagex CEO Mark Gerhard said, as part of a panel at the BAFTA Question Time event (sponsored by GameIndustry.biz), that traditional retail will fall by the wayside within ten years. He was speaking only of retail as it relates to the sale of games. Gerhard believes this because he thinks that digital distribution channels have managed to serve the needs of consumers very well.

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NPD Announces Agreement with Walmart for Sales Data

February 3, 2012 -

Walmart has finally decided that it will share its video game software and hardware sales data with research firm NPD Group. The firm had been hampered by not having sales data from Walmart and instead had to estimate weekly and monthly figures related to the retailer. NPD today confirmed that it has reached an agreement with Walmart to receive and analyze its point-of-sale information from it retail stores and Walmart.com.

The agreement also covers many other industries that NPD tracks, including Entertainment, Apparel, Home, Hardlines, and Toys.

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UK Retailers: If Publishers Ditch Online Codes We Would Share Used Games Revenue

January 11, 2012 -

According to this MCV report retailers are telling the publication that if publishers stop using online codes, they would be willing to share used game revenues with them. This would - at least anecdotally - show that online pass code schemes employed by companies like THQ, EA, and others are having some sort of negative affect on used game sales.

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Online Retailers Rake in $35 Billion During Holiday Shopping Season

December 28, 2011 -

According to new data released by analytics firm comScore, online retailer raked in an estimated $35 billion in the United States during the lucrative holiday shopping season that runs from late November to December. The biggest jump with this 56 day shopping season took place on Black Friday - a day usually reserved for traditional retailers to make big bucks on sales. On the day following Thanksgiving, online sales increased an impressive 26 percent to $816 million. Cyber Monday also produced record results.

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GameFly's End-of-Year Used Games Sale

December 22, 2011 -

For its end of year sale, game rental company GameFly is offering 50 percent off its used game titles. Obviously all of these games have been man-handled by rental customers, but that shouldn't stop you from finding a good deal. At a glance - taken from this sale page - GameFly is offering Brink Xbox 360 for $6.99, LA Noire PS3 for $11.99, Two Worlds II PS3 for $9.99, Mario Strikers Charged Wii for $12.99, Enslaved Xbox 360 for $9.99, Kingdom Hearts Re:coded DS for $19.99, and Rabbids Travel in Time 3D 3DS for $19.99.

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Collective Vita Software Sales Hit 300K Units

December 22, 2011 -

New data released by Japanese retail research company Media Create reveals that the 20 titles that launched with the PlayStation Vita sold a combined 300,000 units. This happened, according to the firm, in the first two days of Vita's launch. The system sold an estimated 325,000 units in the same timeframe. According to Andriasang - who translated Media Create's numbers, this gives the Vita an attach-rate of around 0.92 games per system. That rate might be a bit higher because these numbers don't take into account games purchased online through PlayStation Store.

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GameFly's PC Client Enters Public Beta

December 19, 2011 -

GameFly is finally putting that acquisition of digital distribution platform Direct2Drive to good use. According to a Joystiq report, the video game rental company has launched the public beta for its PC game distribution client. The highlight for GameFly members is that they can play the entire PC library for no charge.

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InfophileI know the ZE series was in the red in Japan, but international series boosted it to profitability. That may not mean it's more profitable in the west, but it does mean ZE3 wouldn't exist without the western market.07/04/2015 - 7:54am
Consterwhy aren't "Video game players" an option on the poll? :P07/04/2015 - 5:19am
Andrew EisenThat was quick! Pretty accurate cosplay of the new Ghostbuster uniform and proton pack: https://twitter.com/mirabellemusing/status/61673135125394227207/03/2015 - 6:23pm
Matthew Wilson@mast I dont know, but I do know it got a cult fallowing here.07/03/2015 - 6:22pm
MastermuneWasn't the Zero Escape series more popular here than in Japan?07/03/2015 - 6:19pm
Matthew Wilson@mast given the game was revealed in the US, I wouldnt be shocked if it was released at the same time.07/03/2015 - 6:15pm
MastermuneI don't trust the big AAA worldwide simultaneous releases though.07/03/2015 - 5:57pm
Mastermune@Infophile I have come to the conclusion that smaller games like zero escape, JRPG's and the like are actually worth preordering sinc they are limited quantities and since they usually release in japan first we know if there are any issues.07/03/2015 - 5:56pm
Infophile@Matthew! Awesome news. I'd preorder on that shout alone if I didn't have a policy against preordering anymore.07/03/2015 - 5:16pm
Matthew Wilsonzero escape 3 was announced today.07/03/2015 - 4:21pm
Matthew Wilson@pnx I am guessing a ddoss since that is what happened to neogaf, but sony needs to do a investment in psn as a whole. steam is still the most reliable and fastest digital platform I use.07/03/2015 - 3:06pm
PHX Corphttp://www.vg247.com/2015/07/03/psn-is-down-sony-investigating/ not again: PSN is down, Sony investigating07/03/2015 - 3:04pm
Matthew Wilsonhttp://www.vg247.com/2015/07/03/digital-extremes-trespasser-keystone-pc/ if true, this is funny and embarrassing for Digital Extremes. companies need too have better security.07/03/2015 - 2:57pm
Matthew Wilsonhttp://www.gamespot.com/videos/the-point-destiny-the-hardcore-gamers-slot-machine/2300-6425852/ this is very good, and well researched.07/03/2015 - 12:41pm
InfophileOther features to become standard: The ability to remap controls however the hell I want. Quicksave at any time (especially for handheld and mobile games). Plus everything Andrew said07/03/2015 - 10:43am
InfophileRegion-freeing becomes tricky for games with a strong online component though, especially when the servers are run by different branches in different regions.07/03/2015 - 10:41am
InfophileI'm in favor of getting rid of region-locking for any purchased games. I can understand an exception for free, ad-supported games, as many ads are only relevant in certain regions, and it's a ridiculous hassle to get ads for all regions.07/03/2015 - 10:40am
PHX Corphttp://kotaku.com/payday-2-has-been-broken-on-xbox-one-for-three-weeks-1715384186 Payday 2 Has Been Broken On Xbox One For Three Weeks07/03/2015 - 8:44am
Matthew Wilsonhttps://www.reddit.com/r/OutOfTheLoop/comments/3bxduw/why_was_riama_along_with_a_number_of_other_large/ here is a more complete acount of whats going on.07/03/2015 - 1:32am
Matthew Wilsonredit is on fire right now. most subreddits have been set to private.07/03/2015 - 1:24am
 

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