Business News

News: Nintendo Continues to Consider the Prospects of the Movie Industry 

Nintendo Continues to Consider the Prospects of the Movie Industry 

"We'll potentially be looking at things like movies in the future​"

When video game movies are highlighted, there's often an air of negativity around the end results. The response to the Super Mario Bros. movie wasn't overwhelmingly positive in the '90s, and in broader terms we've seen commercial successes with Resident Evil but also a whole load...

News: Core Console Market Bigger Than Ever, Despite The Impact Of The "Wii Bubble" 

Core Console Market Bigger Than Ever, Despite The Impact Of The "Wii Bubble" 

Bodes well for Nintendo NX

EEDAR VP of Insights Patrick Walker has pointed out that the core home console market is bigger than ever, citing impressive launch sale figures for the PS4 and Xbox One systems. The news flies in the face of claims that the rise of smartphones and tablets has put the console market in danger. However, sales data points...

News: SNK Playmore's New Chinese Owners Aim To "Do A Marvel" With Its Famous Franchises

SNK Playmore's New Chinese Owners Aim To "Do A Marvel" With Its Famous Franchises

$63.5 million paid for 81.25 percent of the gaming veteran

SNK Playmore has been acquired by a a group of Chinese investors, Gameindustry.biz is reporting. Ledo Millennium has paid $63.5 million for 81.25 percent of the company's shares, purchased from former SNK CEO Eikichi Kawasaki and his wife Natsuyo Kawasaki. Chinese companies Oriental...

News: Nintendo Is Licensing Hudson Soft IP From Konami

Nintendo Is Licensing Hudson Soft IP From Konami

New Momotaro Dentetsu title in development

Earlier this morning, we posted some rather worrying news regarding the current situation at Konami, including claims that staff are being used as cleaners and security guards. If there's one positive to come out of the whole situation it's that Konami is so disinterested in harnessing its catalogue of IP...

News: Scathing Nikkei Report Hints At Shameful Treatment Of Staff By Dictatorial Konami Management

Scathing Nikkei Report Hints At Shameful Treatment Of Staff By Dictatorial Konami Management

"Useless" employees used as cleaners and security guards

All is not well in the world of Konami. Recent rumours have suggested that the Japanese veteran could be planning a move out of the home gaming business, and the company's recent treatment of Hideo Kojima - surely its most famous staffer - has raised eyebrows throughout the industry. However,...

News: Genyo Takeda The Likely Choice For Nintendo President, Analysts Claim

Genyo Takeda The Likely Choice For Nintendo President, Analysts Claim

More likely than Shigeru Miyamoto

Following the tragic death of Nintendo president Satoru Iwata there has been much speculation on who will take on his role within the company. Shigeru Miyamoto's name has been brought up - a logical choice, given his fame in the games industry - but it would appear that the smart money is on Genyo Takeda, who gave a...

News: Industry Analysts Speculate On Nintendo's Future And Satoru Iwata's Possible Successor

Industry Analysts Speculate On Nintendo's Future And Satoru Iwata's Possible Successor

"Iwata was infectiously enthusiastic about Nintendo"

Following the tragic loss of Nintendo president and CEO Satoru Iwata last week, it was inevitable that thoughts would quickly turn to Nintendo's future. Beyond his business leadership, and the successes he delivered, Satoru Iwata will also be remembered for his humour and humility when...

News: Nintendo NX Will Avoid The Launch Issues Which Plagued 3DS And Wii U, Claims Iwata

Nintendo NX Will Avoid The Launch Issues Which Plagued 3DS And Wii U, Claims Iwata

"We intend to offer NX through a Nintendo-like solution"

The officially translated notes for Nintendo's 75th AGM are in, and unsurprisingly Satoru Iwata spends a lot of time talking about Nintendo NX, the company's next gaming system. During the Q&A session, Iwata was asked some rather direct questions about how Nintendo intends to avoid a...

News: Nintendo Isn't Talking About NX Because It Doesn't Want Rivals To Steal Its Ideas

Nintendo Isn't Talking About NX Because It Doesn't Want Rivals To Steal Its Ideas

"The NX is new hardware, and will start from 0"

Nintendo president Satoru Iwata has claimed that Nintendo has to keep quiet on NX because it believes that competitors will steal the unique ideas it is cooking up for its next console. During a shareholders meeting today, Iwata responded to a question regarding the transition between Wii U and 3DS...

News: Konami Not Turning Its Back On Consoles After All, Says Sorry For Causing Such A Fuss

Konami Not Turning Its Back On Consoles After All, Says Sorry For Causing Such A Fuss

Japanese company admits "conjecture" has caused "anxiety"

We recently reported on an interview with Konami boss Hideki Hayakawa which stated that the company was putting all of its eggs in the basket marked "mobile". However, these comments were translated from what was little more than a summary of the interview and the full, official transcript -...

News: Mobile Is Konami's Future, According To President Hideki Hayakawa

Mobile Is Konami's Future, According To President Hideki Hayakawa

"We will pursue mobile games aggressively"

Konami president Hideki Hayakawa has been speaking to Nikkei Trendy Net about the company's future, giving the strongest indication yet of how the firm's business is changing. Hayakawa states that smart devices represent the core focus of Konami's business moving forward. The success of Konami's current...

News: Konami And Square Enix Post Positive Financials, Despite A Lack Of Major Console Releases

Konami And Square Enix Post Positive Financials, Despite A Lack Of Major Console Releases

A sign of the times?

Japanese publishers Konami and Square Enix have both reported positive financial results for the past year, despite the fact that neither company has released all that many AAA console titles during this period. Konami has reported a 147 percent increase in net profit for the year ending March. Profits reached 9.5bn Yen, which...

News: Stella Glow Developer Imageepoch Has Gone Bust

Stella Glow Developer Imageepoch Has Gone Bust

Western release presumably unaffected

Japanese studio Imageepoch - famous for its RPGs - has been in the news a lot recently. On the positive side, the company's latest 3DS title, Stella Glow, has been confirmed for a Western release by publisher Atlus. Less encouraging is the news regarding Imageepoch's president Ryoei Mikage, who went missing

Talking Point: Is Konami About To Exit The Console Game Business?

Is Konami About To Exit The Console Game Business?

Nintendo's old ally could be leaving the industry it helped to grow

Konami has been in the headlines a lot lately. First up were those troublesome rumours regarding the impending departure of Hideo Kojima, creator of the Metal Gear series and arguably the Japanese company's most valuable and famous employee. It would appear that Kojima is set to...

News: Nintendo's Mobile Partner DeNA Lays Off Significant Number Of North American Staff

Nintendo's Mobile Partner DeNA Lays Off Significant Number Of North American Staff

San Francisco and Vancouver offices impacted in "reshape" of operations

Japanese mobile company DeNA has laid off a significant number of North American employees, it has been revealed today. The job losses are taking place at the company's San Francisco and Vancouver offices, and while exact numbers aren't forthcoming at the moment, the layoffs...

News: Analyst Thinks Nintendo Is Already Winding Down Wii U Ahead Of Nintendo NX Launch

Analyst Thinks Nintendo Is Already Winding Down Wii U Ahead Of Nintendo NX Launch

"The Wii U is on the wrong side of the bell curve"

It goes without saying that the Wii U hasn't been the success Nintendo had hoped for, with just under 10 million total hardware sales since launch - that's around half the amount of systems that Sony has shifted, and the PS4 is a year younger than Nintendo's machine. With the recent announcement of...