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Posts tagged @business

Chad Gutstein steps into CEO role at Machinima

Gamer-focused streaming video network Machinima has hired Chad Gutstein to lead the company as its new CEO. "Machinima is ready for the next level, and Chad has all of the unique qualities we were seeking in a new CEO to bring us there," said Machinima co-founder Allen DeBevoise. "His fresh and...

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Phil Spencer is the new head of Xbox

Phil Spencer, former VP of Microsoft Studios, is now head of Microsoft's Xbox division, overseeing Xbox, Xbox Live and Microsoft Studios teams. Spencer reports to Software EVP Terry Myerson. "In this new job, Phil will lead the Xbox, Xbox Live, Xbox Music and Xbox Video teams, and Microsoft...

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Capcom announces special loss, 50 percent reduced profit forecast

Capcom has reduced its profit forecast by half due to a restructuring and having sales below expectations. The company has reduced its ¥6.8 billion ($65 million) expectation to ¥3.3 billion ($32 million) for the fiscal year ending March 31, 2014. Counting the frames of this profit pummeling...

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Stiq Figures, March 17 - 23: User-created content edition

Welcome to Stiq Figures, where the sales data is after the break and the posts don't matter. Game developers can make some pretty great content, as evidenced by the games we've collectively been glued to over the past few decades. It makes sense, too - they've got the knowledge, the tool set and...

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Access Twitch servers from Paris, with love

Gameplay broadcasting platform Twitch announced the addition of servers in Paris, France, bolstering the service's stability in Europe. The Paris addition is just the latest in a string of Twitch overhauls; Twitch also upgraded its infrastructure this month in Dallas and London while Los Angeles...

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DayZ standalone sells 1.7 million, update due soon

Humanity's morbid fascination with the zombie apocalypse continues unabated as DayZ creator Dean Hall has revealed that the standalone, retail release of his open-world hit has racked up over 1.7 million sales. Hall revealed this figure earlier today at the ongoing EGX Rezzed event in...

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Valve R&D head Michael Abrash joins Oculus as chief scientist

Michael Abrash, the leader of Valve's Research and Development team, joined Oculus VR as chief scientist today. The news follows Oculus' recent acquisition by Facebook to the tune of $2 billion, which Abrash addressed, in a blog post on Oculus VR's site, as a promise that virtual reality "is going...

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New studio emerges from MotorStorm, Driveclub creator

Evolution Studios founder Martin Kenwright, the creator of MotorStorm, announced his new studio this week, Starship. The studio's plan is to "use games to disrupt other marketplaces," Kenwright told IGN, and that Starship already began work on "several" next-gen games. The news follows layoffs that...

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Runic co-founders leave Torchlight dev to form Double Damage Games

Runic Games co-founders Travis Baldree and Erich Schaefer are leaving the Torchlight studio to start Double Damage Games. "I should say from the outset that this is an amicable departure, that I consider the amazing team at Runic my friends and family, and that it is a privilege that they've...

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Activision to close Call of Duty mobile studio

Activision's mobile studio in the UK, The Blast Furnace, will close at the end of the month. A spokesperson for the publisher informed MCV that no "suitable alternative" was found. The studio entered the consultation period required by UK law in early February. The Blast Furnace headed up last...

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