economy

Culture

Bank Deficit Freezes EVE Accounts

12:40PM Owen Good | From the MMO-as-IRL file, EVE Online’s biggest bank has frozen accounts for anyone who invested any kredits with it, after it was discovered that the bank is 380bn kredits in the hole, without the funds to cover player withdrawals. More »
News

Ubisoft Sees Sharp Drop In Sales, Blames Market, DS Piracy

2:40AM Brian Crecente | Sales for Ubisoft’s second quarter is expected to show a more than 50 percent drop from the same quarter last year, the publisher and developer announced today. More »
News

Games Funding Has Dried Up

7:30PM Luke Plunkett | In these tough times, cash money reserves have dried up. It’s the same the world over, and the games industry is no different. Especially if you’re a start-up. More »
News

Sacred 2: Fallen Angel Dev Falls Into Bankruptcy

9:30AM AJ Glasser | Developer Ascaron Entertainment has filed for bankruptcy protection in its home country, Germany. More »
News

NPD: Recession? What Recession?

4:30PM Luke Plunkett | Market researchers The NPD Group – yes, the sales charts guys – have found that when it comes to games, most Americans don’t give a damn about the recession. More »
News

Stargate Worlds Bravely Soldiers On

1:20AM Mike Fahey | Addressing concerns raised by Stargate television show producer Brad Wright, developer Cheyenne Mountain has issued a statement assuring everyone that development on Stargate Worlds is still underway. More »
News

Blockbuster May Be Going Bust

4:40AM Michael McWhertor | The folks at Blockbuster would really appreciate it if you’d pay your overdue late fees, renters. The company has warned it has “substantial doubt” about its ability to continue as a going concern. More »
Rumours

Three Companies Eye Midway For Buy Out

12:00AM Brian Crecente | With Midway in the middle of troublesome bankruptcy proceedings and rumours of the Mortal Kombat dev team leaving, it’s a little surprising to learn that not one, but three companies are considering buying the company. More »
News

Sony Cutting New Recruits By Nearly Half

5:00PM Brian Ashcraft | Times are hard. In an effort to cut costs, Sony is going to reduce its number of new recruits — by a lot. More »
Culture

Pro Gamers Are Out Of A Job Too

10:00AM Michael McWhertor | The business of being really, really good at playing video games is hurting. Professional gaming leagues are shutting down left and right, meaning that many people who participate in those leagues are out now jobless. More »