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Posts tagged economy

Forza 5 December update slashes car prices, adds new modes

A substantial update coming to Forza 5 this month – perhaps as early as next week – will make it easier to stock your virtual garage with expensive vehicles. Prices for on-disc cars will be slashed almost in half (down 45%, to be exact), IGN reports, while racers will also accumula...

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Canadian economy nets $2.3 billion from games industry

At the Ottawa International Game Conference last week, Entertainment Software Association of Canada president and CEO Jayson Hilchie revealed that the video game industry added around $2.3 billion to Canada's national GDP throughout 2012. Hilchie explains that the industry has seen significant g...

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Steam Community Market enables buying and selling with Steam Wallet

The Steam Community Market, currently in beta with Team Fortress 2, is designed to allow members to buy and sell items using their Steam Wallet funds. This is an expansion of Steam's previous trading policy and its surprisingly complex TF2 economy. The beta is only available for TF2 at the moment, ...

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PBS uses Minecraft to explain a 'post-scarcity economy'

Don't you hate finding out the games you enjoy playing are actually a ruse to teach you about theoretical economics? Apparently that's what Minecraft has been doing all along, at least as it's presented in the above PBS Idea Channel video. It's the betrayal of outNumbered! all over again. Idea Ch...

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BlizzCon 2010: Diablo 3 Q&A panel highlights

On the second day of the BlizzCon, a handful of members of the Diablo 3 development team, lead by game director Jay Wilson, sat down to answer questions from BlizzCon attendees. There were a lot of questions asked, and a few nuggets of useful and intriguing information gleaned. Let's take a look at...

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Fable 3 preview: It's the economy, stupid

If you played Fable 2 anything like the way I played Fable 2, you ended the game a very, very, very rich player. Why work a virtual job pouring cold beers when you could buy a piece of virtual property, turn off your Xbox, pour yourself an actual cold one (or 10), and when you come to in the mornin...

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Ngmoco acquires iPhone game dev Freeverse

Despite a still-wavering economy (and industry-wide layoffs), Neil Young's ngmoco has just bought up large Brooklyn-based iPhone game developer Freeverse. Gamasutra talked to both ngmoco and Freeverse, who (expectedly) had nothing but sugary kisses to throw at each other. "We've been thinking about...

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Rebellion's Derby studio on the verge of shutting down

Echoing grim sentiments made earlier this year, Rebellion Studios' CEO Jason Kingsley recently told Develop that the Derby branch of Rebellion that birthed Lara Croft (previously at Core Design) may not be around for too much longer. "It's quite likely that [the Derby studio] won't be kept intact i...

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Execs from the big three weigh in on the current console cycle

In the five-ish years since the Xbox 360 launched, ushering in the current console generation, we've heard a whole mess of talk about this console life cycle pushing past the usual five-ish years they tend to span. Given that we're approaching the mark as we speak, MCV talked to execs from the big ...

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UK retailers confident in strong 2010 games sales

[Image Source] In a survey of 93 UK retailers who sell games -- conducted by MCV -- a surprising 91 percent said that they have a positive outlook for 2010 when it comes to, well, sales of games and game-related goods. More near-term, out those surveyed, 48 percent expect more income from games th...

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