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Archive for March, 2009

  1. Midway bonus scheme gets kicked back

    March 31, 2009

    Unsecured creditors are kicking up a stink about Midway’s bonus scheme announced earlier this month. Among other things, they claim: The bonus scheme is paying additional money to staff simply to do their jobs The bonuses are 400% greater than the bonuses offered to staff in 2008, when the company was not bankrupt Some of the bonuses are [...]

  2. Chinese MMO company raises $138 million in NASDAQ listing

    March 31, 2009

    UPDATE: Chris Nuttall of the FT reports that the Changyou IPO priced at the top of the range ($16), and that the shares had risen 25 per cent by the end of the first day’s trading. A good result for Changyou and Sohu. It seems that American investors just can’t get enough of online games [...]

  3. Settlers of Catan: the best game ever made?

    March 31, 2009

    Wired has run an article on German boardgame The Settlers of Catan that has swept the world and is beginning to make Americans play board games again. It’s social, quick to play and attracts both adults and children, yet the German founders think that they need a console version to convert an American audience. The [...]

  4. If Facebook is spending $100 million for photo serving, how much will OnLive need for real-time games rendering?

    March 27, 2009

    BusinessWeek reports that Facebook is seeking $100 million in debt financing for its rapidly increasing server needs. The reason: photos. Well, not quite, but Facebook had 10 billion photos last October, when it had 100 million users. Now it has 275 million users, and has to keep building the infrastructure.

  5. Sony to fund PSN developers to self-publish

    March 27, 2009

    Sony has announced a fund that will help games studios make their “next step from developer to publisher.” According to Gamesindustry.biz, Chris Eden, Sony’s development relations manager, told an audience at the Game Developers Conference today that “in return for exclusivity we’ll match your development budget with guaranteed royalties.” I think that this is great [...]

  6. Playfish’s Segerstrale says big branded games won’t work in social networks

    March 27, 2009

    The games industry’s reliance on sequels and big brand franchises won’t cut it in in the new world of social networking. That was the message from Kristian Segerstrale, CEO of Playfish, at GDC. Playfish is one of the most successful social network games companies. It has five titles in Facebook’s top 10 most popular games, [...]

  7. iPhone developer ngmoco snaps up $10 million investment

    March 24, 2009

    The company may only be 9 months old, but this week Ngmoco snapped up another $10 million, bringing the total raised to $15 million. New investors Norwest Venture Partners join Kleiner Perkins and Maples Investments. The deal was reportedly closed in a matter of weeks, a sign of how hot the iPhone space is right [...]

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