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Phil Harrison heads to Microsoft as vice prez of Interactive Entertainment Business arm

We've officially turned on the theme song to Welcome Back, Kotter and started growing a lustrous mustache in honor of Phil Harrison's return to Game Industry Executiveland. This morning, reports from Europe indicated that Harrison would head to Micr...

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Square Enix's three initiatives to reform its AAA business

With the epiphanic clarity that comes at the bottom of the third strawberry milkshake, Square Enix is reimagining the way it interacts with customers and the very definition of "AAA" games. As part of a recently translated results briefing, original...

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Gamestop CEO: Company could expand into vintage games business

Gamestop's brick and mortar locations may not stock gems from yesteryear, but that doesn't mean all those old trade-ins no longer exist. In fact, the resale giant has amassed such a large back catalogue of classics that its heavily considering an en...

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THQ sees net loss of $239.9 million, still in business

THQ saw a net loss of $239.9 million for the fiscal year ending March 31, 2012, $100 million more than the previous fiscal year's loss of $136.1 million. "We have made significant changes to our business, and are on track to execute our strategy of ...

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Another used games retailer in Florida is selling their business on eBay

Remember a couple weeks ago, when Shane Butcher tried to sell his entire material life on eBay, including the chain of games resale shops he owns? Well, it turns out no one took him up on his $3.5 million "American dream," but that hasn't stopped th...

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Zynga's business valued at 'nothing'; CityVille 2 'coming soon'

With the walls closing in, Zynga announced CityVille 2 is in closed beta. The company couldn't share any info but to say it "delivers a truly social and visually rich city building experience." It will launch soon. Not that investors seem to current...

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2011's game industry salary stats push us once more toward business school

With this week's annual release of Game Developer Magazine's "Game Industry Salary Survey Results," we're once again reminded that game industry professionals – on average – make kind of a lot of money. How does approximately $81,192 per...

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Iwata: Nintendo 'thinking about a new business structure' following weak console sales

With Nintendo having to slash its forecasts following weak Wii U sales comes the contemplation of new business strategies. While not announcing any definitive changes in the company's direction, Nintendo President Satoru Iwata admitted at a press co...

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Namco Bandai game business up 32% in fiscal quarter, Soulcalibur 5 leads sales

Namco Bandai's Game Software Division brought in 13.8 billion yen ($176.3 million) in its fiscal Q1 (ended June 30), up over last year's 10.4 billion yen. Overall, the "Content Business" that includes game software brought in 57 billion yen ($728.18...

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Sony to sell PC business, reform TV arm, layoff 5,000 employees

Major changes are afoot at Sony, after the Japanese electronics giant announced plans to sell its Vaio PC business and reform its TV arm. As a result, Sony will layoff 5,000 employees over the next year or so, including 1,500 in Japan and 3,500 over...

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Sony posts FY 2010 earnings, singles out profits in PlayStation business

Following Monday's revised forecast – in which Sony warned of a $3.2 billion loss – the recently besieged company has issued its report for the 2010 fiscal year ended March 31. While things at Sony proper might not be entirely rosy, ...

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Sega Sammy sales and profits down in first half, consumer business sees growth

Sega Sammy has reported its financial results (PDF) for the first half of its fiscal year, ending March 31, 2012. The company reported sales of over ¥136 billion ($1.7 billion) a decrease of ¥16 billion ($199,000) over the same period last y...

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Counting Rupees: The business of politics

Each week Jeff Engel and Geoff Brooks rendez-vous on Joystiq to contribute Counting Rupees, a column on the business behind gaming: The politics of video games are well covered by other websites, but it's worth spending a little time to think abou...

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Paramount getting into the games business

We knew that Paramount was 'very, very excited' about the games space, but today we're getting the first look at how that enthusiasm will translate into a publishing business. Variety reported today on Paramount's expanded interactive department, w...

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Wii is serious business

We spotted this extremely serious Wii gamer over at Infendo and couldn't resist the urge to make sure even more people saw him. Yesterday was for grey gamers, today is for serious business ... tomorrow? Wii babies. Make it happen, people. Send us th...

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