Want to know how to start a promising company, secure $400 million in funding, and then be forced to shut down 17 months later because you’ve run out of cash? If you do, pay close attention to the story of Brash Entertainment, because that’s exactly what they’ve managed to do, according to Variety. When it was [...]
Continue reading...Wednesday, November 5, 2008
Why did five THQ development studios vanish into thin air this weekend? Probably because the company posted a Q2 loss today of $115 million, over sixteen times that of last year. (For comparison purposes, THQ's tripled their losses this July to only $27 million.) As a result, the publisher has decided to do a little necessary "streamlining." [...]
Continue reading...Monday, November 3, 2008
Yesterday evening, The Consumerist reported a rumor that electronics retailer Circuit City would be closing a full one-fifth of stores nationwide. That report is rumor no more. Today, Circuit City has announced that 155 stores are expected to shut their doors tomorrow, November 4th, and reopen on November 5th to begin merchandise liquidation. 17% of [...]
Continue reading...Monday, November 3, 2008
Update: GameSpot has obtained official confirmation, and adds that Rainbow Studios, makers of Deadly Creatures and the MX vs. ATV series, has also undergone layoffs. Original Story: There has been no official confirmation -- but following rumors of studio closures at THQ, the publisher's official website has today been updated to reflect that THQ now owns a [...]
Continue reading...Tuesday, April 8, 2008
The second iteration of one of the longer running print publications focused on computer gaming is closing up shop, at least in its print incarnation. Games for Windows will be ceasing print publication after the April/May 2008 issue.
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Friday, November 14, 2008
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