AMD has announced that it will reduce headcount by 1,100, of which 900 will be redundancies and 200 will come from “natural attrition”. It also sold its handheld chip unit to Qualcomm for $65 million. The chip...

Sony Online Entertainment has acquired PoxNora, a trading card/online strategy game. PoxNora is a intriguing hybrid of collectible card-game and turn-based strategy. It looks to me like a cross between Heroes of Might and Magic and Magic: the Gathering....

Joystiq reports that Mythic Online has laid off a number of staff including 21 customer service employees, half of QA and all of the playtest group. The job losses are not added to the GameOverZone as they...

MCV reports that Circuit City is to close 567 stores in the United States. 30,000 jobs will be lost as the US’s second-biggest consumer electronics retailer shuts down. The company filed for Chapter 11 bankruptcy protection in...

Details remain obscure, and sources anonymous, but light is gradually being shed on the apparent closure of Pandemic’s Brisbane arm, as reported earlier in the week. The new info is broadly in two areas: what went wrong,...

TechCrunch reports that YouTube is launching its video service on PlayStation 3 and Nintendo Wii (but apparently not in the UK. The blog post referenced by TechCrunch doesn’t appear to be accessible from London). Users can point the...

At a keynote at SMU’s Law School, Mitch Lasky argued that the industry has got its focus all wrong: Content innovation drives audience growth, but “distribution innovation drives value creation“. (Source: GamaSutra) Mitch has the track record...