"By now, all of you are aware of the dramatic change that is taking place in the entertainment industry," Konami president S. Hirano said at the start of the company's Gamasutra-attended 2010 E3 press conference in Los Angeles, expressing enthusiasm at the new opportunities in the current hardware cycle and in Konami's current plan to "draw our business footprint in more global markets." He laid out the three tiers of the company's strategy: first, original ...
This week, the Los Angeles Convention Center will host the annual Electronic Entertainment Expo, bringing tends of thousands of game industry professionals together and showcasing the video game industry's major titles in development for release this fall and beyond. As always, Gamasutra's multiple full-time editorial staff will be on location at E3 with ongoing reporting on the significant news originating from the expo, coverage of the trends that emerge, and interviews with notable figures in ...
Although many in the industry are quick to get behind the 3D stereoscopic gaming trend, one analyst feels meaningful adoption is still a few years away. 3D gaming is sure to be a major component at E3 2010 next week, with the expected reveal of the Nintendo 3DS and major pushes from software developers -- and in particular, Sony, which is making a 3D gaming push right away alongside the launch of its new stereoscopic ...
Free-to-play online games will generate over $7 billion worldwide by 2015, more than double the industry's revenue for 2009, according to a new study published by research firm DFC Intelligence and microtransactions company Live Gamer. Their study projects that in North America and Europe alone, revenues for titles like Free Realms, RuneScape, and MapleStory, which operate on a microtransactions-based model, will more than triple from around $800 million in 2009 to over $3 billion by ...
In highlights from Gamasutra's Expert Blogs, industry notables write about why the lagging sales of The Beatles Rock Band weren't surprising, why audio guys design on nice speakers and rubber banding in racing games. In our weekly Best of Expert Blogs column, we showcase notable pieces of writing from members of the game development community who maintain Expert Blogs on Gamasutra. Member Blogs -- also highlighted weekly -- can be maintained by any registered Gamasutra ...
Take-Two surprised industry onlookers with the blockbuster performance of Rockstar San Diego's Red Dead Redemption, which has already shipped five million units, but analysts from research firms Wedbush and Cowen remain skeptical of the publisher's ability to ship its games when it says it will. Red Dead Redemption's strong opening is particularly significant "because it lessens Take-Two's dependence on Grand Theft Auto for its overall success," according to Wedbush's Michael Pachter and Edward Woo. That's ...
Wedbush Morgan analyst Michael Pachter says next week's E3 could bring a wave of "positive momentum for the video game industry" to help turn around what's been a tough year. "After a difficult year in the video game industry, next week's E3 Electronic Entertainment Expo has the potential to turn the tide of investor concerns and start a wave of positive momentum for the video game industry for the rest of 2010." His firm expects ...
Alganon developer Quest Online is contersuing its former president and co-founder Dave Allen, responding to what it says was a "frivolous" lawsuit filed by Allen after his ousting by current president and industry veteran Derek Smart (Battlecruiser 3000AD) last February. Smart joined Quest Online late December following the troubled, premature launch of massively multiplayer online RPG Alganon. He helped resolve many of the game's issues early players complained about, and re-launched Alganon with a subscription-free ...
Game industry trade group the Entertainment Software Association spent $1.2 million lobbying Congress, the Federal Trade Commission, and other government organizations on behalf of video game publishers and developers in the first quarter of this year. That amount, which was divulged in a notice filed with a House of Representatives clerk and covered in an Associated Press report, is up 23 percent over the same period in 2009, and over the fourth quarter of 2009, ...
In an era when a constantly-expanding menu of entertainment options has put the book industry in dire straits, publishers are looking to adapt to new markets and formats -- including video games. Earlier this year, renowned book publisher Random House entered a "transmedia agreement" centered on independent publisher/developer Stardock's upcoming fantasy strategy-RPG, Elemental: War of Magic, set to release for PC this fall. At the time, the terms of the deal were somewhat vaguely-worded, with ...
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