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Posts tagged business

Zynga appoints former Best Buy strategist as CFO

Social-turning-mobile game studio Zynga has brought on David Lee, Best Buy's former senior vice president of enterprise finance, to serve as its Chief Financial Officer and Chief Accounting Officer. Lee will work with Mark Vranesh, Zynga's existing CFO and CAO, over the next month to help the...

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'Awful,' 'intimidating,' 'complicated': Indie devs on the guilt of success

It's said that money can't buy happiness. In fact, for some indie game developers, an influx of money can mean just the opposite. In a New Yorker feature, developers like Rami Ismail of Vlambeer (Ridiculous Fishing, Luftrausers), Edmund McMillen of Team Meat (Super Meat Boy) and Davey Wreden of...

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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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John Carmack on Facebook buy of Oculus: 'they get the Big Picture'

John Carmack, co-founder of id Software and current CTO of Oculus, has weighed in on the Internet's ... shall we say "mixed" reaction to the news of Facebook purchasing the virtual reality-oriented company. Carmack responded to a post titled "Wrong and Right Reasons To Be Upset About Oculus" on...

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Report: Microsoft pays up to $150M for augmented reality hardware IP

The rumors swirling around Microsoft's me-too attitude regarding virtual reality may be more than idle gossip, according to TechCrunch. Citing unnamed sources, the site reports that Microsoft has purchased augmented reality-related intellectual property of wearable tech company Osterhout Design...

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Ouya dropping free-to-try requirement for developers in April

Currently, any game on the Android-powered Ouya microconsole must be free in some way, shape or form, be it a free demo or free to play business model. That situation is set to change next month, when the Little Console That Could drops its free-to-try requirement. Polygon reports that Ouya head...

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Minecraft developer continues rise in profit, made $128 million in 2013

Mojang, development studio behind the wildly-successful Minecraft, has continued its five-year trend of increased profitability. Mojang revenue topped $237 million in 2012, while a Wall Street Journal article reports that number to have hit $326 million for 2013, which in turn translates to almost...

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Report: Xbox Europe VP Chris Lewis retiring

Chris Lewis, vice-president of Microsoft's Interactive Entertainment Business for EMEA, is retiring from the company this year, MCV reports. Joining Microsoft UK in 1989, Lewis spearheaded the company's Specialist Center reseller program in Europe, and later served as the company's regional...

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Castle Doctrine dev says sales hurt players, developers

Oh boy, look! It's that game you like, and it's 20 percent off right now! Sales are great, aren't they? Well, The Castle Doctrine developer Jason Rohrer doesn't think so. Rohrer argued on his blog that rampant sales create a "culture of waiting," where players wait for a good sale before pulling...

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Minecraft tops 10 million on Xbox 360, celebrates with half-off DLC

No stranger to huge sales numbers, the people behind the Xbox 360 iteration of Minecraft have reacted to word that the game has sold more than ten million units in the best way possible: massive discounts for the game's dedicated fans. Come Saturday, December 14, nearly every skin and texture...

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