What happened in the business of video games this past week...
QUOTE | "Nintendo must stop living in the past." — Michael Pachter, Wedbush Securities analyst looking at the Wii U's design and how it is going to make their launch difficult.
QUOTE | "I think I'd be disappointed if Kotaku didn't change." — Brian Crecente, former editor-in-chief of Kotaku, on what he expects will happen to Kotaku now that he's gone.
QUOTE | "Outlets are losing traction or credibility or their sheen, and we'd like to pick it up." — Chris Grant, former editor-in-chief of Joystiq, talking about how the new Vox Games site will be trying to become the world's largest gaming site.
STAT | 42,648 — Number of PS Vita units sold in Japan in its third week, down from 72,479 units in the second week and 321,000 units sold in the first two days.
STAT | 8 per cent - Amount the Japanese game market revenue fell in 2011 versus 2010, from numbers reported in Japan's leading game magazine Famitsu.
QUOTE | "The key challenge is to bring back consumer excitement around the Sony and PlayStation brand." — David Cole of DFC Intelligence on what Sony has to do to succeed in 2012.
QUOTE | "Our team will be eating, sleeping and breathing Tomb Raider." — Crystal Dynamics community manager Meagan Marie talking about the new Tomb Raider and the exciting new IP Crystal Dynamics is working on.
QUOTE | "It's a tough, bleak world for new sites." — Industry veteran Douglas Perry on the challenges that Vox Games will face despite hiring a "super team" of journalists.
QUOTE | "We view the early success of Star Wars as an indication of a healthy MMO market." — Baird Equity Research's Colin Sebastian, talking about early numbers on Star Wars: The Old Republic's subscribers.
QUOTE | "Free-to-play is the new frontier of western game development." — Robin Kaminsky, former Activision VP looking at how the game industry is shifting towards this business model.
QUOTE | "God of War IV (upcoming)." - Timothy Williams, game composer, inadvertently revealing on a resume the new game in the works.
STAT | 1 Million — Number sold of three different Nintendo 3DS titles in the USA in 2011, closing out the year strongly for the 3DS.
This Week in the Business courtesy of IndustryGamers.com.