Game industry business news

Konami’s first quarter financial results, for the three months ending June 30th, have seen net revenue hit $509 million, a rise of 5.2 per cent, and net income hit $32.5 million, an increase of 82.2 per cent compared to the same period last year. In isolation, Konami’s Digital Entertainment Division …

A company named Parallel Processing claims that Sony’s much touted PS3 processor, the Cell, infringes one of its existing patents, and is demanding the impounding and destruction” of Sony’s entire chip stockpile. Next-Gen reports that a lawsuit filed on July 26th claims that a patent called Synchronized Parallel Processing with …

HMV has sold its Japanese business arm – made up of 62 stores and its website hmv.co.jp – for 70 million. The retailer says that the deal with DSM Investment Catorce will allow it to concentrate on countries in which it was a market leader. Chief executive Simon Fox added …

Nintendo must be toasting yet another storming week in this week’s UK all formats, all prices chart as the platform holder once again dominates the top ten, publishing six out of the top ten best selling titles this week. Only Activision and EA manage to break the monopoly, while the …

Safari-optimised version of Bejeweled developed and available from today

When asked whether he feels vindicated by the recent success of Wii, Miyamoto told Dean Takahashi of Mercury News : I think it is not necessarily vindication but I do get the distinct feeling that because of the Wii, people all over the world are finally taking notice of video …

Japanese games firm Sega Sammy Holdings has reported a 2.4 billion Yen ($42.8 million) loss for the three-month period ended June 30th. In the same period a year before, the parent of Sega Europe posted an operating income of 2.8 billion Yen. Net sales were up 11 per cent year-on-year, …

The Xbox 360 is now the most searched for console on the internet in the US, reports web data tracker Hitwise. This is the first time the console has beaten Nintendo’s Wii since it launched in November last year. The report stated that while the news could be taken as …

Rare’s Viva Pinata is to be released for the Nintendo DS, according to reports emerging from this past weekend’s Comic-Con. Microsoft-owned Rare will be using the original concept for the game – not the upcoming party version made by Australia’s Kaos – for the Nintendo machine. It’s not the first …

LucasArts has revealed details of a new Lego game based on the Indiana Jones franchise. Joining the ranks of Lego Star Wars I and II and the recently announced Lego Batman, the title will be developed by Travellers Tales. Next-gen.biz reports that the game will be based on the lasso-sporting …